Hey Guys,
It’s time for another weekly crypto review. Obviously last week’s crypto crash is front and center. It seems to have been driven by a combination of crypto specific factors, mainly futures liquidations. I give you the full scoop, of course.
There were also two significant hearings about cryptocurrency last week. The first featured SEC chairman Gary Gensler and the second was about stablecoin regulations. Rest assured we’ll be unpacking the former later this week.
Last but certainly not least, Apple launched a high yield savings account for US users. This could have profound effects on the economy and the markets by extension. It seems that regulators are already preparing for another credit event…
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► 250m Liquidations Crash Crypto Prices: https://decrypt.co/137198/250-million…
► Stablecoin Issuers Being Pushed Outside US: https://cointelegraph.com/news/lack-o…
► Chinese Banks Offer Services To Crypto Companies: https://cointelegraph.com/news/china-…
► Apple Launches High Yield Savings Account: https://www.apple.com/newsroom/2023/0…
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
