Hi Friend,
The weekend is upon us!
The world of cryptocurrencies and blockchain technology had its fair share of intriguing developments this week. While some significant regulatory changes took place in Buckingham Palace and the European Parliament, the real buzz on Twitter revolved around Apple's controversial decision to remove the decentralized social networking app Damus from the App Store.
Damus had been given a deadline to comply with Apple's requirements and integrate their Bitcoin tipping feature with the tech giant's own payment system. Surprisingly, even after Damus claimed to have made the necessary updates, Apple still pulled the app from its store. This move didn't sit well with Bitcoin advocate and Block CEO Jack Dorsey, who expressed his concerns about Apple's interference with financial freedom. Brian Armstrong, CEO of Coinbase, echoed Dorsey's sentiments, lending further weight to the argument.
Meanwhile, crypto journalist Ekin Genç shared an eye-opening chart showcasing the explosive growth of Ethereum staking over the past couple of years. Additionally, Prime Trust LLC, a prominent crypto custodian, and fintech infrastructure company faced a contentious situation with Nevada's Financial Institutions Division, generating heated discussions on Crypto Twitter.
In a surprising twist, Solana's co-founder and Chief Operating Officer, Raj Gokal, couldn't contain his excitement about the revival of the TV show "Futurama" on Hulu. The new episodes apparently touch on both the world of cryptocurrencies and the ongoing COVID-19 pandemic, perfectly capturing the essence of our current zeitgeist.
Amidst all the Twitter chatter, Brian Armstrong took the opportunity to criticize the United States for squandering its early lead in crypto adoption and regulation. As Coinbase continues to expand globally due to the stringent regulatory climate at home, Armstrong's call for sensible regulations remains unwavering. Notably, presidential candidate Robert F. Kennedy Jr. appears to be positioning himself as the crypto-friendly option, gaining support from influential figures like Michael Saylor.
For those curious about MicroStrategy's chairman, who is known for his staunch belief in Bitcoin, there's no need to wonder anymore. He is still actively buying more Bitcoin, reinforcing his commitment to the digital asset. Meanwhile, ARK Invest's revised proposal to the SEC for a Bitcoin spot ETF has given them a head start over industry giant BlackRock. With BlackRock's extensive experience managing a staggering $9 trillion in assets and an impressive track record with the SEC, other companies seeking to launch their own ETFs are closely studying BlackRock's filing for insights and inspiration.
In other news, market data from Kaiko indicates that Bitcoin's correlation with tech equities has hit a three-year low, signaling interesting shifts in market dynamics.
Lastly, the ever-vigilant self-proclaimed "Internet Detective Exposing Scams," Coffeezilla, jumped on some content shared by the infamous influencer and scammer Logan Paul, but it seems that Paul chose not to respond, leaving the outcome of this interaction open-ended.
All in all, the crypto-verse continues to be a captivating space filled with regulatory debates, market fluctuations, and unexpected twists, making it an exciting realm for enthusiasts and investors alike.
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