Two major themes dominated the crypto news this week: the prices of the worn assets and the official end of the application of the dry “mania”.
On the old one: Bitcoin, who regularly dropped from around $ 70,000 after the November elections, fell rushed. At the beginning of February 28, the price had dropped below $ 80,000. The Coindesk market index, which follows the wider market for digital assets, has dropped 12% in the last five days.
The editor -in -chief of the Coindesk markets, Omkar Godbole, analyzed the daily price action, the monitoring of ETF outputs, historical analogies and macro correlations.
On the regulatory front, the SEC has abandoned the main cases against Uniswap, Coinbase and Metamask (Consensys). He also sought to end a fraud case against Tron and Justin Sun. Our regulatory team from Nik de, Jesse Hamilton and Cheyenne Ligon were everywhere in the news, as usual. Meanwhile, it seems that the dry will not treat mecoins as titles, Ligon reported.
Stablecoins were another major theme, as the issuers argued on the parameters of a new law covering the most used shape of digital assets. Jeremy Allaire, co-founder and CEO of Stablecoin Issueer Circle, said that USD stable transmitters should be required to register in the United States, in a clear inclination of the largest rival in the circle, Tether (regulatory journalist Camomile Shumba had this). Meanwhile, Bank of America said she was planning to launch her own stablecoin, wrote Helene Braun.
In other important news, Ian Allison reported exclusively that Bitmex, an OG trading platform, was on sale. Bybit was blamed for his $ 1.5 billion hack (reported Oliver Knight). Executive director of the Ethereum Foundation Aya Miyaguchi said she resigned (Margaux Nijkerk had the news). And, Sam Reynolds explained how investors in continental China could soon have access to Bitcoin.
All these stories seemed likely to come to the coverage of next week while the crypto continues to provide a lot to write. Listening to our continuous relationships. Happy weekend.
