It Would Be The Ultimate Irony – A Gold Standard Returning Through The Backdoor Of Crypto Markets | ZeroHedge

By Marcel Kasumovich, Deputy CIO, Coinbase Asset Management

Markets forced crypto to clean up, inviting institutional participation. Stablecoin is making its way to the main stage for the most ironic of reasons – its inherent stability.

1. Be clear. Your words may not be welcome. But they also won’t be misunderstood. Elon Musk isn’t the only one who excels in this department. SEC Chair Gensler has that superpower, too. “If Tom or anybody else wanted to be in this field, I (more…)

Continue ReadingIt Would Be The Ultimate Irony – A Gold Standard Returning Through The Backdoor Of Crypto Markets | ZeroHedge

Ripple, Coinbase, a16z Invest $78 Million In Pro-Crypto PAC Ahead Of US Elections | ZeroHedge

Authored by Gareth Jenkinson via CoinTelegraph.com,

Ripple CEO Brad Garlinghouse has publicly announced the company’s intent to support “pro-crypto’ candidates during the 2024 United States election season.

The company is among a group to have pledged a total of $78 million to support the Fairshake political action committee (PAC).

Fairshake announced that prominent industry firms and players had contributed to a significant “war chest” to back candidates who (more…)

Continue ReadingRipple, Coinbase, a16z Invest $78 Million In Pro-Crypto PAC Ahead Of US Elections | ZeroHedge

2023’s Institutionalization Of Crypto Markets Set To Accelerate In 2024 As ETFs “Unlock $30 Trillion In Advised Wealth” | ZeroHedge

While crypto markets have historically been dominated by unregulated trading venues and retail investor activity, Goldman Sachs' Crypto team note that 2023 has shown just how much the market structure and participation have evolved and become institutionalized.

Following 2022's 'events' – including the Terra-UST depeg and a string of high-profile bankruptcies – this year, we saw a growth of regulated, centrally-cleared derivative venues including Coinbase Derivatives, (more…)

Continue Reading2023’s Institutionalization Of Crypto Markets Set To Accelerate In 2024 As ETFs “Unlock $30 Trillion In Advised Wealth” | ZeroHedge