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Ethereum is More Centralized Post-Merge, Thanks to Flashbots
It's a story that we have seen time after time since the creation of Bitcoin. Just when people think the worst of the price action has come to an end. That is when even more pain happens. Up or down, the market typically does the exact opposite of what most people are expecting. Only this time the market has been acting like it is on steroids. With the price of BTC moving much lower than most of us would have ever expected during the peak of this cycle. After all, this is the first time in the history of Bitcoin that its price has dipped below the previous bull market cycle's peak price. (emphasis mine) What this all means is that we are in unprecedented territory. What we thought we knew, we no longer know. There is more pain on the way and it is time to brace yourselves.
Both Ripple and the Securities and Exchange Commission ask the judge ruling over their case to make a final judgment. The final judgment will come soon enough and we’ll all know what District Judge Analisa Torres believes about XRP. Whichever side wins, I expect the other side to appeal.
Do Kwon says he’s not on the run. He wants to cooperate, he really does. It’s just that he must get his toenails polished. The Singapore police thought he was in their country, but it turns out he’s not. Because they refused to polish his toenails. In case you’re wondering, Kwon has no intention of telling you his location unless you’re friends, you’re planning to meet him somewhere, and you’re playing a GPS-based Web3 game with him. I wonder why he didn’t include “unless you’re going to paint my toenails?”
Binance CEO Chanpeng Zhao says Biden crypto regulatory framework is A-OK with him.
What a Wall Street-backed crypto exchange means for Coinbase. I can’t think of anything that screams optimism more than Wall Street firms like Charles Schwab, Fidelity Investments, and Citadel Securities aiming for the institutional market. I’ve said all along that two things will make crypto explode - regulation and institutional investment. Both of those developments are taking place right before our very eyes—right now.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.