qfx In a filing as dry as a Soviet bread line, Gensler proclaims that sports-related event contracts offered by the likes of Kalshi do not meet the definition of swaps. “Such contracts,” he writes, “are not designed to hedge economic risk but to wager on the whims of athletes and the fickle fortunes of sport.” One can almost hear the ghost of Lenin muttering about the decadence of capitalism.
Coinbase announced a new feature called Coinbase Advisor, which offers personalized financial advice and recommendations directly within the app – no extra setup is needed. Importantly, Coinbase Advisor is officially registered as an investment advisor with the SEC and as a commodity trading advisor with the NFA.
Key Takeaways (or as Gogol might say, “Nuggets of Absurdity”):
As an analyst, I’ve been tracking Michael Saylor and MicroStrategy closely, and a recent shift in his messaging is noteworthy. For five years, Saylor built his public persona around a firm ‘never sell Bitcoin’ stance. However, at the BTC Prague conference, he subtly changed that position. He now frames that commitment as applying only to individual investors, explicitly excluding MicroStrategy from that pledge. Essentially, he’s created a distinction between personal belief and company policy.
According to CryptoQuant’s Axel Adler Jr (yes, that’s his real name, and no, he’s not related to the famous violinist), the Bitcoin Puell Multiple has taken a nosedive. For those not fluent in crypto-speak, the “Puell Multiple” is basically the fancy way of saying, “How much are miners making compared to last year?” Spoiler: Not much.
DOGE recently dropped below key moving averages, which signal short- and medium-term trends. Even more notably, the price fell below a long-standing support line that had been guiding its movement since February. This often suggests that buyers are losing strength and the overall market is weakening.
BlackRock’s iShares Bitcoin Premium Income ETF has officially been registered with the SEC to be listed on the Nasdaq Stock Market, according to a filing made on June 11th. This registration, covered under Section 12(b) of the Securities Exchange Act, comes after several recent updates to the fund’s details.
This marvel operates upon Morpho’s infrastructure, with Steakhouse Financial meticulously curating the vault’s treasures. Lo, a second lending option hath arrived, offering exposure to a menagerie of collateral assets, each more peculiar than the last!
I was recently on Fox Business’ Mornings with Maria, and I discussed how digital assets are rapidly gaining importance in the financial world. I emphasized that the US really has a critical decision to make: we can actively guide the development of this industry, or risk seeing that innovation happen in other countries.
