The Digital Assets Report 10

The Digital Assets Report 10

What happened last week ?

  • Morgan Stanley becomes the first US big bank to offer Bitcoin to wealthy clients
  • Asset management giant Fidelity files for a bitcoin ETF
  • Brazil has approved the region's first bitcoin exchange-traded fund (ETF)
  • Coinbase direct listing is pushed to April
  • Crypto asset manager CoinShares begins trading on Nasdaq in Sweden
  • Blockchain.com raises $300 million Series C, now valued at $5.2 billion$
  • Tesla enable Bitcoin payments and has a broader use plan of Bitcoin protocol

BUSINESS

Morgan Stanley becomes the first big U.S. bank to offer its wealthy clients access to bitcoin funds
The move, a significant step for the acceptance of bitcoin as an asset class, was made by Morgan Stanley after clients demanded exposure to the cryptocurrency.
Asset management giant Fidelity files for a bitcoin ETF
A new filing with the U.S. Securities and Exchange Commission indicates that asset management giant Fidelity is seeking to create a bitcoin exchange-traded fund (ETF).
First Approved Brazilian Bitcoin ETF Seeks To Raise 500 Million BRL ($90,000,000 USD)
Last week, Brazilian-based QR Capital received approval from the Brazilian Securities and Exchange Commiss The U. S. still does not allow crypto ETFs to trade on national stock exchanges.
Crypto asset manager CoinShares begins trading on Nasdaq in Sweden
CoinShares, Europe’s largest crypto asset manager, has officially gone public through a listing on the Nasdaq First North Growth Market.
Blockchain.com raises $300 million Series C, now valued at $5.2 billion
Crypto firm Blockchain.com has raised $300 million in Series C funding at a post-money valuation of $5.2 billion.
Coinbase Delays Highly Anticipated Direct Listing to April: Report - CoinDesk
Cryptocurrency exchange Coinbase’s highly anticipated public offering has been shifted to April after its plan for a March listing “slipped.”
Ethereum’s high gas fee crisis won’t be solved by EIP-1559: Coin Metrics report
Ethereum blocks are consistently 95% full, with fees above $10. But a much touted solution is unlikely to solve the issue on its own according to Coin Metrics.

MARKETS

Crypto Charts 10
Bitcoin short term chartLast time we said > A push back above 57300 should confirm that wave iv has ended with the 61.8%retracement level at 52250 another level we would buy placing stops below 50000.At the moment the divergence calls for a low in place soon and in the longerterm charts a daily …
Bulls favored ahead of record $6.1B Bitcoin options expiry on March 26
Up to $6.1 billion worth of Bitcoin options are set to expire on March 26 but derivatives data suggests that the expiry favors bullish traders.

OPINIONS

Bitcoin made me a ‘ton of money’ unlike stocks and gold — Jim Cramer
Jim Cramer has won big on Bitcoin after Anthony Pompliano persuaded him to buy BTC.
The COO of Goldman Sachs says client demand for bitcoin is rising as the cryptocurrency flirts with record highs
John Waldron, the chief operating officer at Goldman Sachs, said on Wednesday that he’s seen an increase in client interest relating to bitcoin...

REGULATIONS

Regulatory Compliance in Full Focus as Digital Assets Reach Mainstream Adoption Globally | Bitcoinist.com
By Elaine Sun, Compliance Director of Huobi Technology The traditional financial infrastructure and the very idea of money are changing before our eyes.

READINGS

“Liquidity Targeting”: Toward More Efficient Liquidity Mining Programs