CRYPTO

Something odd just happened in crypto-land…

The Grayscale Bitcoin Trust ETF (GBTC) suddenly crashed 11%…

…completely decoupling from the underlying bitcoin price…

GBTC has seen almost constant serial outflows (while the rest of the ETF patch has seen inflows)…

As CoinTelegraph reports, asset management firm Grayscale Investments has recorded over $20.4 billion in outflows from its spot Bitcoin and Ether exchange-traded funds (ETFs) combined. (more…)

It appears the Biden administration does not want former President Trump's plan to enable a strategic bitcoin reserve to come to fruition (or at the very least, shrink the size of the reserve dramatically).

Less than 48 hours after Trump spoke at a major Bitcoin conference in Nashville about his ambitious goals for bitcoin in America, the Biden administration has decided that this is an opportune moment to transfer around $2 billion worth of its bitcoin stockpile (e.g. Silk Road (more…)

Authored by Tyler Winklevoss via American Greatness,

In June, Cameron and I were invited to a crypto round table in DC with the White House in attendance. Two weeks later, we were disinvited because we publicly endorsed former President Donald Trump. 

The Biden-Harris Administration did not want us there and refused to attend the event if we were present. While this is totally their choice, it perfectly captures this Administration’s unwillingness to sincerely (more…)