Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Quote To Start The Day: "As my knowledge of things grew I felt more and more the delight of the world I was in.”
Source: Helen Keller
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One Big Thing In Fintech: The Basel Committee on Banking Supervision on Thursday recommended the highest possible risk weighting — 1,250% — be applied to a bank's exposure to Bitcoin and some other cryptocurrencies. Under that suggestion, a bank would need to hold a dollar in capital for each dollar worth of Bitcoin, based on an 8% minimum capital requirement.
Source: Banking Dive
Other Key Fintech Developments:
- LemonEdge adding $2.5M round.
- Silvergate cuts ties with Binance.
- Money Minx to build finance tech.
- Regions agrees to buy EnerBank.
- BoA expanding digital payments.
- Stripe has added Stripe Tax tech.
- Messenger adds Venmo-like QR.
- State Street sets up a crypto unit.
- Webull is considering $400M IPO.
- Texas greenlights crypto custody.
- French, Swiss will run CBDC trial.
- Nude launches home buying app.
- Sunwest launches a new platform.
- Small Exchange intros pot futures.
- TreasurySpring has raised $10M.
- Ledger landed a $380M Series C.
- Unpacked: The fintech endgame.
- Warren looks for crypto regulation.
- Remitly has filed IPO paperwork.
- Clip secures $250M in new round.
- Fundbox partners up with Indeed.
- Arrington launches a $100M fund.
- CrossTower partners with Khalsa.
- Klarna has secured $639M round.
- Coinbase struck crypto 401K deal.
- Amex and Synchrony bid Amazon.
- Pacer ETFs passed $7B in AUM.
- Analysis: LATAM cryptocurrencies.
- Unbound Finance adds financing.
Watch Out For This: In the end, in running a successful company, egos must be removed.
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That’s according to JR Rahn, who said MindMed requires leaders better equipped to pursue late-stage clinical trials and solve regulatory hurdles.
“It’s about removing oneself from necessarily what your ego tells you to do,” he said in a conversation on his commitment to making minds and bodies healthier. “The biggest thing I can do for MindMed, right now, is to realize that it needs a different type of leader, for the long haul. It is really for the best of the mission that is so deeply important to me.”
Source: Benzinga
Interesting Reads:
- Charge is investing in EV charging.
- AMC seeing a new path to stability.
- Fuel Ventures launches a VC fund.
- JPM sees a new BTC bear market.
- SEC freshens up market structure.
- Analysis: Global minimum tax hike.
- JPM: Inflation is not a threat today.
Market Moving Headline: Prices paid by U.S. consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens.
Source: Bloomberg
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.