This Week in Crypto: Stimulus Incoming, ETFs, ADA Pump & More!!
💸US Announces More Spending💸
This news couldn’t be more bullish for things like stocks and cryptocurrencies, because there is a high likelihood that a portion of that 6 trillion dollars will inevitably find its way into asset markets
🕵️♂Bitcoin Mining Council Concerns🕵️♂
Many are drawing parallels between the Bitcoin Mining Council and OPEC, a conglomerate of oil companies who have significant influence over the price and distribution of oil around the world
🙋♂Uniswap Whale Pushes Own Proposal🙋♂
The UNI whale in question was the blockchain arm of Harvard’s Law school which pledged a whopping 10.46 million UNI in favor of their proposal to fund crypto lawyers, lobbyists, and political groups
💰DeFi Investment And Use Continues To Increase💰
PriceWaterHouseCooper’s third annual crypto hedge fund reveals that big money is flowing into DeFi tokens. Their top picks are the AAVE token, Chainlink’s LINK, and oddly enough, Polkadot’s DOT
⛓Ren On A Roll, Wen Pump?⛓
Layer 2 scaling solutions for Ethereum like Polygon and Ethereum alternatives like Fantom have become increasingly popular over the last few months. Ren is playing an important role
📱PayPal, Robinhood, Apple Push Into Crypto📱
PayPal and Robinhood will soon let their users withdraw crypto to their own wallets. Apple is looking to hire for a position similar to PayPal’s last year a few months before they introduced crypto payments
📰Coinbase Introduces Fact Checker📰
A recent blog post by CEO Brian Armstrong he notes that QUOTE ‘every company is becoming a media company’ because of social media
⚖ETFs Under Review At The SEC⚖
According to CoinDesk, the SEC is currently reviewing 6 Bitcoin ETFs in total, with the two most recent being those filed by Skybridge and Fidelity Digital
📊Weekly Crypto Market Analysis📊
On the leaderboards, this week’s winners are Enjin Coin, Near Protocol, Cardano, Telcoin, and the Curve token.
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
