We are so back! Bitcoin’s 23% rally on US debt policy: Hodler’s Digest
The US may face a debt crisis within three years according to Ray Dalio, and debt-related issues helped fuel a rally in Bitcoin that could mark the beginning of a new cycle.
Fed study finds crypto investors driven by beliefs, easily swayed by returns
A Federal Reserve Bank of Cleveland study finds crypto investors hold sharply different views on returns and risk, while information about Bitcoin’s past gains can increase both desired allocations and actual crypto purchases.
MiCA is coming for DeFi vaults, but regulation will be difficult
Brussels is reviewing whether crypto lending should fall under MiCA, but DeFi lending vaults are making it harder to determine who, exactly, should be regulated.
Bitget CEO sees Bitcoin near current levels at year-end, doubts US will buy BTC
Gracy Chen says macroeconomic uncertainty could keep Bitcoin within $10,000 to $20,000 of current levels, while US government purchases remain unlikely within the next two years.
Onchain, in court: What happened in crypto legal news this week
The CFTC ordered a trading ban for former Alameda and FTX executives, and US prosecutors opposed a motion from a US soldier accused of profiting from the removal of Nicolas Maduro.
Bitcoin rallied as Treasury bond buybacks fueled the “not-QE” trade, while Metaplanet expanded to the US and Cypherpunk made a $33 million Zcash mining bet.