@merurial9 18 December 2023 more from that month

Can Higher Interest Rates Affect Crypto? | Crypto Weekly Brew #020 In this week's crypto weekly brew, we analyze the impact of the **US Federal Reserve's** decision on **interest rates**, Coinbase's expansion amidst challenges and the various developments that shape the changing crypto landscape. https://leofinance.io/@leoglossary/leoglossary-federal-reserve-bank-the-fed https://leofinance.io/@leoglossary/leoglossary-interest-rate **Higher Interest Rates Impact Crypto?**

**Source** https://www.bankrate.com/investing/federal-reserve-impact-on-stocks-crypto-other-investments/ The past week kicked off with **Bitcoin** and **Ether** continuing to hold strong above $41k and $2.1k respectively. What triggered this? The Federal Reserve's unexpected decision to maintain interest rates until 2023. The recent **crypto** **bull market** revival does raise the question of how **economic** indicators intersect with the volatile crypto **market**. The recent crypto surge not only reflects renewed **investor** confidence but also suggests a potential shift in the relationship between **traditional financial systems (TradFi)** and cryptocurrencies. https://leofinance.io/@leoglossary/leoglossary-bitcoin https://leofinance.io/@leoglossary/leoglossary-ethereum-blockchain https://leofinance.io/@leoglossary/cryptocurrency https://leofinance.io/@leoglossary/leoglossary-bull-market https://leofinance.io/@leoglossary/leoglossary-economic https://leofinance.io/@leoglossary/leoglossary-market https://leofinance.io/@leoglossary/leoglossary-investor https://leofinance.io/@leoglossary/leoglossary-tradfi **Coinbase's Strategic Global Move**

**Source** https://www.coinbase.com/blog/coinbase-international-exchange-to-launch-spot-markets Coinbase expanded its reach by launching spot crypto markets for institutions introducing trading pairs for Bitcoin and Ether with **USDC**. This ambitious international endeavor takes place even amidst **SEC** Chair Gary Gensler's warnings regarding **non-compliance** and **fraud** within the cryptocurrency ecosystem. Gensler's emphasis on adherence to securities laws and protection for investors adds complexity to Coinbase's aspirations. https://leofinance.io/@leoglossary/leoglossary-usd-coin https://leofinance.io/@leoglossary/leoglossary-securities-and-exchange-commission-sec https://leofinance.io/@leoglossary/leoglossary-compliance https://leofinance.io/@leoglossary/leoglossary-fraud The SEC aims to empower major asset managers like BlackRock to dominate the market, orchestrating a power play in the crypto space. Expect trillions to flow into the market, but the true winners will be those positioned strategically in advance. **Valkyrie's Bitcoin ETF**

**Source** https://www.fxstreet.com/cryptocurrencies/news/sec-demands-cash-creates-or-you-will-wait-as-valkyrie-joins-list-of-btc-etf-applicants-202312141900 Even in the face of regulatory challenges faced by other **ETF** applicants, Valkyrie steps into the spotlight by amending its spot Bitcoin ETF application with a focus on providing clarity regarding the redemption process for investors. An **exclusive interview on CNBC** with Valkyrie's Chief Investment Officer revealed insights into the timeline for approval and broader implications for the market. The positive outlook surrounding approvals of Bitcoin ETFs in early 2024 may generate increased anticipation and positive sentiment within the crypto industry. https://leofinance.io/@leoglossary/leoglossary-exchange-traded-fund-etf https://www.cnbc.com/video/2023/12/14/valkyrie-cio-steven-mcclurg-has-high-level-of-confidence-spot-bitcoin-etfs-will-get-approved.html **SafeMoon's Financial Troubles**

**Source** https://cryptopotato.com/safemoons-financial-crisis-deepens-with-chapter-7-bankruptcy-filing/ Previously, the SafeMoon execs were arrested by the DOJ and in the past week, more developments have occurred with SafeMoon filing for Chapter 7 **bankruptcy** amidst charges against its executives. This had a profound impact on the price of SafeMoon seeing it declining by almost 50% since the news emerged. This type of news highlights how important crypto regulations will continue to impact the crypto ecosystem with regulatory bodies wanting to impose existing framework regulations on the crypto ecosystem. https://leofinance.io/@leoglossary/leoglossary-bankruptcy I see this as a positive development which should serve as a warning to all those who enter the crypto space with ill intentions and are only interested in quick get-rich schemes. The involvement of regulatory bodies also may result in **rug pulls** being eliminated, but scrutiny and red tape may also hamper innovation and more importantly **decentralization**. https://leofinance.io/@leoglossary/leoglossary-rug-pull https://leofinance.io/@leoglossary/leoglossary-decentralization **Canada's New Crypto Guidelines**

**Source** https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/compliance/digital-currency/cryptocurrency-guide.html Canada is currently facing a situation when it comes to regulating cryptocurrencies. There have been some guidelines in place that restrict the level of involvement investors can have. In May 2022, Binance decided to leave the market due to these regulations, which highlights the growing tensions between crypto **exchanges** and regulatory bodies. These measures include placing limits on purchasing **altcoins**, which suggests that the country is exerting control over its citizen's financial decisions. https://leofinance.io/@leoglossary/leoglossary-exchange https://leofinance.io/@leoglossary/leoglossary-altcoin

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