cryptoweek

🔹 Main Events:

🙄 Morgan Stanley bought shares of Grayscale BTC trust for $3.6 million. The amount is ridiculous, but you need to start somewhere.

😎 US market maker Group One bought a 13.5% stake in MicroStrategy. When you are afraid to just buy BTC.

💰 FTX has restored access to $5 billion. Debts to the victims are estimated at $10 billion or more. Will there be a fight for money?

🌋 El Salvador has passed a law to launch government-issued BTC Volcano Bonds. They didn't run them in a bear market, did they believe in a reversal?..

❌ Gemini ended the Earn program with $900 million in debt and is claiming the money from DCG. They were politely sent, but the problem is real and has exceeded $3 billion.

🔹 Summary:

The kind Fed, the relatively stable DCG, and the $5 billion found by FTX allowed Bitcoin to return to the level before the collapse of FTX. I really want to call this the beginning of a bull market, but first, let's keep the crypto market at current values.

🔥 Top of the week: • Aptos - $8.60 (↑126%) • Gala - $0.04812 (↑80%) • Solana - $23.26 (↑69%)

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@d12321 posted 1 year ago

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