2024-04-08

April 08, 2024

Howdy folks,

Cathie Wood, the visionary CEO of ARK Invest, shared her enthusiastic views on the future of crypto and blockchain at the Hong Kong Web3 Carnival.

Wood sees AI and blockchain converging, particularly in the gaming industry, driven by investments from giants like Sony and Polygon.

She also praised Hong Kong's regulatory framework for virtual asset trading as a model for global innovation, highlighting its role in potentially catapulting Bitcoin to a staggering $1.5 million by 2030. 🚀🌐

In other news:

📉 Despite a 62% discount, FTX’s estate managed to offload a significant portion of its Solana holdings for over $2 billion, a move that surprisingly didn't shake Solana’s market position.

The sale moves FTX closer to repaying its customers and indicates rising institutional demand for Solana, potentially reshaping its future market dynamics.

💰 After selling its Grayscale shares, Genesis turned around to buy 32,000 bitcoins. This bold move aims to maximize returns for its creditors, showcasing a strategic pivot towards leveraging Bitcoin’s potential uplift in the coming years.

As Genesis works through its bankruptcy proceedings, this could mark a significant step towards repaying its debts.

🚨 The EU’s strict interpretation of the MiCA regulations could eliminate user-friendly DeFi frontends and limit access to the technically savvy.

Rune Christensen's stark warning highlights a potential setback for DeFi innovation and accessibility in the EU, sparking debates on how regulatory landscapes could shape the future of decentralized finance.

DailyCoin Daily Meme

Ethereum Block Explorer Faces Rampant Crypto Phishing Ads: “Unreal, Some Ads on Etherscan Are Wallet Drainers”

Crypto scammers have switched to a massive phishing advertisement campaign targeting unsuspecting users on Ethereum block explorer Etherscan.

Bitcoin Still Has No Legitimate Use Case After a Decade, Fed’s Neel Kashkari Claims

President and CEO of the Federal Reserve Bank of Minneapolis Neel Kashkari casts doubt on Bitcoin’s legitimacy in the real world.

Is Injective Protocol the Real Deal or Just Another Over-Funded Layer One Blockchain?

Injective crypto is another blockchain that promises faster transactions, lower fees, and greater on-chain security. Can INJ live up to the hype?

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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