For all the doom and gloom surrounding crypto markets these days, there’s plenty to be excited about. Institutional investors are still actively buying Bitcoin (BTC), venture capital is still investing heavily into blockchain startups and forthcoming regulatory clarity is likely to pave the way for wider adoption, perhaps as early as next year. This week’s Crypto Biz newsletter features some exciting stories about adoption, not to mention Elon Musk’s deal to buy Twitter (finally).
Sidebar: I had the opportunity to attend Circle Internet Financial’s Converge22 conference in San Francisco last week. In a media session on the sidelines of the conference, Circle CEO Jeremy Allaire said USD Coin’s (USDC) “stablecoin” label is a misnomer and that we should start thinking about the asset as a true form of a digital dollar. I also had the opportunity to interview several leaders from the blockchain community on topics related to interoperability, market manipulation, CeFi risks and crypto’s multichain future.
NYDIG raises $720M as Bitcoin balance hits all-time high
Bitwise launches Web3 ETF for institutional and retail investors
Musk’s deal for Twitter looks set to go with original $44B price tag
Basel Committee: Banks worldwide reportedly own 9.4 billion euros in crypto assets
Before you go: Credit Suisse faces rumors of a Lehman Brothers-style collapse
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