17 March

“The combined company will operate as eToro Group Ltd. and be listed on the Nasdaq.

The eagerly awaited public listing of Coinbase, which may reach a valuation of $100 billion, has been expected to ignite a wave of crypto firms to go public, many of them using SPACs.

Bakkt, the cryptocurrency exchange launched by Intercontinental Exchange (ICE) in 2018, is also expected to carry out a SPAC merger later this year, valuing the combined entity at $2.1 billion.”

See Also: Kraken Considering a Stock Market Debut Next Year: Report

“In a sign of just how dramatically the coronavirus vaccine has altered the market calculus on Wall Street, the fear of soaring inflation has displaced the pandemic as fund managers’ biggest worry. According to the survey, higher-than-expected inflation is now seen as the biggest “tail risk” – an event that’s seen as statistically unlikely but with potentially dramatic consequences.

This implies that global fund managers think vaccination will finally lead us to re-opening and that the extremely loose monetary policy in times of economic recovery is not without risk.

Concerns about rising inflation could boost hedging demand for the store of value assets such as bitcoin and gold, although recently investors have started to wonder whether the Federal Reserve might unwind stimulus as the economy reheats.

The survey shows “long bitcoin,” or a bullish bet on the cryptocurrency, is the second-most crowded trade in the financial market. A crowded trade is one that is extremely popular.”

See Also: How the Federal Reserve Might Try to Calm Inflation Fears This Week
See Also: Nobody Saw Inflation Coming in the 1960s, but It Could Be Back: Economist

Sotheby’s, has announced a partnership that will see the top auction house hold a sale of NFT-based digital art from anonymous artist Pak. The firm will accept cryptocurrencies for the artworks.

There’s a lot here that’s really exciting and, we think, has staying power.”

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“Today, Aztec is proud to launch our rollup service — it’s live on mainnet today. We will gradually introduce new assets such as WBTC, BAT, AAVE, DAI into the rollup over the coming weeks.

Aztec shelters your blockchain transactions from the world’s gaze — giving you bank-grade privacy on open, permissionless financial networks. Our goal at Aztec is to normalised Web3 privacy — just as most Web2 communications are protected by SSL.”

“Before Wall Street goes all-in on bitcoin, Kevin O’Leary said, it needs to know how BTC is being mined. The “Shark Tank” star and chairman of O’Shares ETFs said institutions want to invest in BTC but they have environmental issues. They’re leery, as it were, of operations driven by coal or other climate-unfriendly technology. And they want transparency around origin.

Large companies are bound by sustainability and ESG committees. They have stakeholders and rules and processes to follow. And, these days, environmental impact is a material liability. They need to prove they’re clean.

Bitcoiners may not like it. But “greener” bitcoin may be the price of admission to mainstream markets.

“The 1inch team has released the third iteration of its Aggregation Protocol, a tool that routes trade orders across all decentralized exchanges on Ethereum and, as of recently, Binance Smart Chain.

The V3 release introduces gas optimizations that the team claims make the protocol cheaper than using either Uniswap or 0x directly. In tests conducted by the team, the 1inch V3 aggregator was about 10% cheaper in terms of gas than the same trades done via Uniswap, and about 5% cheaper than on 0x. Compared with 1inch V2, gas costs decreased by up to 30%.

Previously, the tool was mostly useful for wealthy traders for whom slippage was an important factor when trading in decentralized finance.”