Governance
Exchanges
Coinbase taps former UK Treasurer who warned of ‘run on pound’ in 2008 for Advisory Council
George Osborne will advise Coinbase going forward and is optimistic about blockchain usage in finance.
Web3
Non-custodial fiat off-ramp now available in crypto wallets via Visa debit
Transak's new Visa partnership offers a crypto-to-fiat off-ramp with a 1% fee but there are some catches, especially for UK investors.
GBTC
Grayscale crypto holdings up $1.2 billion since last week as Bitcoin surges
Dollar value of Grayscale crypto holdings soared following market rebound.
ETF
New zero fee standard for Bitcoin ETFs creates cheap custodial alternative to exchanges
For the next 6 months most ETFs waive fees entirely as competition heats up.
Stablecoins
What happened to PayPal stablecoin PYUSD after last year’s launch?
PayPal's stablecoin PYUSD reaches $300 million market cap in five months
ETF
BlackRock warned SEC lack of in-kind orders for Bitcoin ETF shares could hurt investors
In-kind orders was always BlackRock's preference over cash-creates.
Opinion
Why BlackRock Bitcoin holdings increased as prices dropped
When ETF shares are sold it does not necessarily lead to a decline in AUM if those shares are not redeemed by APs.
GBTC
Grayscale sends 19,236 BTC to Coinbase, moves 8,000 BTC internally
Outflows total $3.6 billion as a further $750 million leaves the fund.
Analysis
Solana and ICP up over 49% against Bitcoin since SEC labeled them as securities
All tokens embroiled in SEC's scrutiny, however, see mixed fortunes against Bitcoin amidst legal turmoil.
GBTC
Bitcoin ETFs see minor net outflows of $100 million as BlackRock acquires 4,080 more Bitcoin
BlackRock adds $160 million in Bitcoin as Grayscale outflows pass $3.96 billion in total.
Opinion
Grayscale GBTC investors still in profit with average cost basis 20% below current prices
Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.
Bitcoin
Grayscale offloads further 13k BTC as revenues still way above competition
Grayscale would lose over $300M in revenue if it dropped fees to competitors levels.
