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Goldman Sachs, Grayscale, Novi, and a Discussion with Boxmining

BTCUSD in the green this week despite of FUD coming from Goldman’s CIMD division. The arguments against crypto as an asset class were much of the same; 1) direct comparison to equity/bonds, 2) illicit use of crypto, 3) exchange hacks, and 4) bubble-like market behavior. The retaliation from more modern thought leaders prevailed and BTC actually rallied after the client call.

 

Post-halving, we’ve been monitoring miner activity. There were rumors of another “mining ban” in Sichuan which is a hotspot for Chinese miners. For now, this news has not been significant as total hashrate has actually bounced ~20% since May 26. 

 

From the institutions, opinions on BTC are still a mixed bag. But what do the numbers point to? CME volumes continue to reach new highs while Grayscale has bought up nearly 19k BTC since the halving; this outpaces the # of coins mined in the same period.

 

Right here in HK, the SFC has given the green light to a second crypto fund, this time launched by Mai Capital. All of these data points indicate demand is growing on both the retail and institutional front.

Genesis Block and FTX

ATMS NOW SELL FTT Today, we are happy to announce a collaboration between Genesis Block and FTX! We will be carrying their token, FTT through

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