Coinbase launches its own wrapped Bitcoin asset – cbBTC - to compete with BitGo’s WBTC... but that's not all that happened this week!
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Coinbase Launches Coinbase Wrapped BTC
Coinbase launches its own wrapped Bitcoin asset – cbBTC - to compete with BitGo’s WBTC. Grayscale announces plans to launch a new XRP fund, and eToro settles with the SEC. In Trending Topics, we discuss the impact that memecoin mania has on crypto’s image and the state of the crypto industry.
Correlations between BTC and the S&P 500 have grown to 23-month highs as macro dictates momentum ahead of the first cut. A persistent bearish sentiment in perps has flashed a rare but solid signal, making a compelling case for aggressive exposure.lg...more