👨💼$4.5 Trillion Fidelity Considers Offering BTC to Retail - TWJ #228
Institutional adoption doesn't stop.
In today’s issue:
The crypto market is up with its total market cap above ~$1 trillion. Ravencoin (RVN) has been the worst performer in the top 100 in the past 24-h. US inflation in August is likely to slow down to 8.1%, according to median economists’ forecast.
In other news, Fidelity considers offering Bitcoin to retail investors, EthereumPoW fork date announced, and the Y Combinator batch focuses on web3 infrastructure.
We’re continually improving our content, please reach out if you have ideas or want us to recap another market segment.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆Fidelity Considers Offering Bitcoin to Retail Investors
The Boston-based investment giant with more than $4.5 trillion in AUM is considering a move that will directly officer Bitcoin via the company’s brokerage platform to more than 34 million retail investors that are using Fidelity’s platform.
⎆EthereumPoW Fork Date Announced
As the Ethereum merge is approaching completion, the PoW fork of the chain has announced a deployment date within 24 hours of the merge.
⎆Y Combinator Batch Focuses on WEB3 Infrastructure
Y Combinator, one of the most prestigious start-up accelerators has been focusing on web3 infrastructure projects in its latest cohort. A record of 30 crypto companies was invited to take part in its latest cohort.
👨🏻💻Decentralized Finance (DeFi)
CME Group Launches Ethereum Options
64% of Staked ETH Controlled by Five Entities — Nansen
Ravencoin (Ethereum Mining Alternative) Jumps 85% Ahead of the Merge
Dogechain Native Bridge Exploit
Rainbow Bridge is Paused
Tron Taps Crypto Market Maker Wintermute to Become Official Partner
EthereumPoW Announces Post-Merge Launch Plans
MetaMask Allows Crypto Purchases With Brazilian Reals
Algorand Boosters Push Back on Helium’s Proposed Move to Solana
🏛Governance - Active Proposals
Gitcoin - Gitcoin // Radicle Public Goods Alliance
PoolTogether - PTIP 81 - Extend ETH/POOL LP on Uniswap V2
Yam Finance - Contributors comps for August
🦮NFT & Metaverse
Starbucks Taps Ethereum Scaling Network Polygon for NFT Rewards
Bored Ape NFT Metaverse Band Taps Beyoncé, Bruno Mars Producers
GameFi Fundraising Jumps 135% in August, but is still Down from June: Report
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
⚖️Regulatory Update
Ex-Coinbase Employee’s Brother Pleads Guilty in Crypto Insider Trading Case
Blockchain Association Sets Up New Crypto Industry PAC
Argentina’s Tax Authority Conducts First-Ever Raids on Secret Crypto Miners
El Salvador Launches 2 Debt Repurchase Offers Amid Uncertainty Over Its Bitcoin Bond
Abra 'in Process' of Forming US Bank
📚Noteworthy Reads
Light’s Thread on Some Thoughts on the LUNC Burn Catalyst
Cygaar’s Thread on GOO Tokenomic by Paradigm
Thor Hartvigsen’s Thread on Comparisons Between GAINS, GMX, MYS
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.