News
CNN reports that JPMorgan and Goldman Sachs predict the initial reduction to occur in July, whereas Wells Fargo anticipates it in September. Bank of America foresees the first cut not happening before December. Conversely, some Federal Reserve policymakers have suggested the potential for an increase in rates rather than a reduction. Link
Tether Holdings Limited, based in the British Virgin Islands, announced its assurance opinion for the first quarter of 2024, recording a net profit of $4.52 billion. The significant contributors to this profit were the entities responsible for issuing stablecoins and managing their reserves. About $1 billion of this profit originated from net operating profits, mainly from holdings in US Treasuries. Link
Early bitcoin investor Roger Ver, nicknamed "Bitcoin Jesus," has been indicted for tax fraud and arrested in Spain. He is accused of failing to report and pay taxes on $240 million earned from selling bitcoins in 2017. Link
Securitize, a leader in tokenizing real-world assets, announced today the successful completion of a $47 million funding round, led by BlackRock. This funding round coincides with the launch of BlackRock's first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Investors can subscribe to the fund through Securitize. Link
US lawmakers have introduced a bill to clarify the taxation of staking rewards. Link
MicroStrategy reported a larger-than-expected loss for Q1, mainly due to an impairment charge on its bitcoin holdings. Despite this, the company continues to commit to its strategy of acquiring more cryptocurrency. Link
Projects
OP - According to Unchained, a16z has invested around $90 million in purchasing Optimism OP tokens. In early March, the Optimism Foundation reported that it sold about 19.5 million OP tokens, valued at approximately US$90 million at that time, with a two-year lock-in period. Link
UNI - Starting this week, Uniswap users will have the option to purchase cryptocurrencies using Robinhood Connect with funds from their Robinhood accounts, a debit card, or through bank transfers. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
CNN reports that JPMorgan and Goldman Sachs predict the initial reduction to occur in July, whereas Wells Fargo anticipates it in September. Bank of America foresees the first cut not happening before December. Conversely, some Federal Reserve policymakers have suggested the potential for an increase in rates rather than a reduction. Link
Tether Holdings Limited, based in the British Virgin Islands, announced its assurance opinion for the first quarter of 2024, recording a net profit of $4.52 billion. The significant contributors to this profit were the entities responsible for issuing stablecoins and managing their reserves. About $1 billion of this profit originated from net operating profits, mainly from holdings in US Treasuries. Link
Early bitcoin investor Roger Ver, nicknamed "Bitcoin Jesus," has been indicted for tax fraud and arrested in Spain. He is accused of failing to report and pay taxes on $240 million earned from selling bitcoins in 2017. Link
Securitize, a leader in tokenizing real-world assets, announced today the successful completion of a $47 million funding round, led by BlackRock. This funding round coincides with the launch of BlackRock's first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Investors can subscribe to the fund through Securitize. Link
US lawmakers have introduced a bill to clarify the taxation of staking rewards. Link
MicroStrategy reported a larger-than-expected loss for Q1, mainly due to an impairment charge on its bitcoin holdings. Despite this, the company continues to commit to its strategy of acquiring more cryptocurrency. Link
Projects
OP - According to Unchained, a16z has invested around $90 million in purchasing Optimism OP tokens. In early March, the Optimism Foundation reported that it sold about 19.5 million OP tokens, valued at approximately US$90 million at that time, with a two-year lock-in period. Link
UNI - Starting this week, Uniswap users will have the option to purchase cryptocurrencies using Robinhood Connect with funds from their Robinhood accounts, a debit card, or through bank transfers. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
CNN reports that JPMorgan and Goldman Sachs predict the initial reduction to occur in July, whereas Wells Fargo anticipates it in September. Bank of America foresees the first cut not happening before December. Conversely, some Federal Reserve policymakers have suggested the potential for an increase in rates rather than a reduction. Link
Tether Holdings Limited, based in the British Virgin Islands, announced its assurance opinion for the first quarter of 2024, recording a net profit of $4.52 billion. The significant contributors to this profit were the entities responsible for issuing stablecoins and managing their reserves. About $1 billion of this profit originated from net operating profits, mainly from holdings in US Treasuries. Link
Early bitcoin investor Roger Ver, nicknamed "Bitcoin Jesus," has been indicted for tax fraud and arrested in Spain. He is accused of failing to report and pay taxes on $240 million earned from selling bitcoins in 2017. Link
Securitize, a leader in tokenizing real-world assets, announced today the successful completion of a $47 million funding round, led by BlackRock. This funding round coincides with the launch of BlackRock's first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). Investors can subscribe to the fund through Securitize. Link
US lawmakers have introduced a bill to clarify the taxation of staking rewards. Link
MicroStrategy reported a larger-than-expected loss for Q1, mainly due to an impairment charge on its bitcoin holdings. Despite this, the company continues to commit to its strategy of acquiring more cryptocurrency. Link
Projects
OP - According to Unchained, a16z has invested around $90 million in purchasing Optimism OP tokens. In early March, the Optimism Foundation reported that it sold about 19.5 million OP tokens, valued at approximately US$90 million at that time, with a two-year lock-in period. Link
UNI - Starting this week, Uniswap users will have the option to purchase cryptocurrencies using Robinhood Connect with funds from their Robinhood accounts, a debit card, or through bank transfers. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
