✅ Fed blocks #crypto-native bank from issuing #stablecoin (@custodiabank)
✅SEC starts granting "several large banks" exceptions to punitive #SAB121#crypto accounting standard
✅Large bank now plans to issue #stablecoin
Exposes how the US really works.☹️
https://t.co/010NibTEfH
The dominoes are starting to fall in place for crypto.
Here's how:
Bitcoin inflows are back, with $1.9 billion in inflows in the last 8 days.
Altcoins are up 11% this week.
Memecoins are up 22% in the past 7 days.
$ETH ETF is coming next week.
Trump is speaking at the Bitcoin 2024 conference next week.
Rate cuts are imminent - 84% chances of rate cuts by September, as per @Polymarket.
A pro-crypto US president and vice president is coming.
$16 billion in cash will be redistributed to FTX creditors in Q4.
Most of it is probably getting straight back into crypto.
The next 6-12 months are going to be absolutely insane.
Imagine being bearish right now.