“Goldman Sachs plans to offer investors options and futures trading in ether.
In March, Goldman Sachs relaunched its cryptocurrency trading desk after a three-year hiatus, with plans to once again support trading in bitcoin futures.”
“Hedge fund manager Paul Tudor Jones told CNBC on Monday he would “go all in on the inflation trades” if the U.S. Federal Reserve remains indifferent to rising consumer prices.
Jones said he likes bitcoin and sees it as a great way to protect wealth over the long run. In May, Jones bet 1% to 2% of his assets on bitcoin. His firm, the $44.6 billion Tudor Investment Corporation, most recently secured custodial ties with institutional powerhouses Coinbase and Bakkt. Jones told CNBC Monday he wants an allocation to bitcoin of 5%.
The U.S. central bank’s monetary policy committee meets this week in a two-day, closed-door session to evaluate the latest economic figures, with a statement expected Wednesday followed by a press conference with Powell. Jones said he will be paying close attention.
If they say, ‘We’re on [the] path, things are good,’ then I would just go all in on the inflation trades.”
“Bitcoin (BTC) held support at around $34,000 over the weekend and is approaching resistance at $40,000-$42,000. The world’s largest cryptocurrency has been consolidating for nearly a month as buyers established a solid base at $30,000.
A breakout from the range would yield further upside toward $50,000. Sellers, however, remain in control given the strong overhead resistance.
The short-term trend is improving as prices returned above the 100-period moving average on the four-hour chart. A decisive breakout above $42,000 could shift the downtrend from May.”
“Tesla will resume accepting bitcoin as payment once the cryptocurrency’s power-hungry miners go halfway green, CEO Elon Musk tweeted Sunday. The news appears to have driven up the price of bitcoin and other cryptocurrencies.
It is unclear how Musk will fact-check miners‘ clean energy usage as there is widespread debate over where the industry currently stands. Even so, the comments provide a first benchmark for reinstating bitcoin payments at Tesla.”
“Mark Cuban, billionaire investor and owner of the National Basketball Association’s Dallas Mavericks, said yesterday that the U.S. government and regulators need to start getting behind crypto innovations, such as the decentralized finance (DeFi) industry. Otherwise, he argued, the U.S. will ‘lose the next great growth engine that this country needs.’
His thoughts came in a blog post entitled “The Brilliance of Yield Farming, Liquidity Providing and Valuing Crypto Projects.”
Cuban predicted that in 10 to 20 years we will look back at this period of time and observe that world-changing companies were built. ‘Among those companies, [it’s] already a certainty that De-Fi and other crypto organizations will be at or near the top of the list.’
That is not to say that every crypto blockchain or DeFi project will work. They won’t. Crypto is brutally competitive. But in crypto vs traditional, centralized businesses, all other things being equal, I’m taking crypto every time.”
“Many central banks are fine with tourists using their hypothetical digital currencies, the Bank of International Settlements (BIS) said Thursday. 28% told the BIS they would be interested in forming multi-CBDC (mCBDC) arrangements to build a single payment system.
Central banks are considering a variety of mCBDC arrangements. Some central banks are even contemplating multiple CBDCs run on a single system.”