Weekly Crypto Market News / 14–20 November
Trader Peter Brandt mentions that such statements about the complete collapse of the market are typical for the bottom. Well, or near it, so for now, we are not happy about the panic in the media.
- BTC pressed to $16k on new FUD in connection with Grayscale issues and the uncertain fate of their 633k BTC. It’s time to make a choice: to believe that Grayscale and Coinbase (they should hold these bitcoins) are doing well because they report to the SEC. Or to get ready for BTC for $10k if Grayscale and Coinbase scammed everyone, even the SEC.
- FTX owes $3 billion to its top 50 creditors, but how many are in total? They will be the first in the line to withdraw their money, but in this case, the rest of the shareholders and clients of the exchange will receive… probably nothing.
- The authorities of the Bahamas confiscated the assets of FTX.
- Apple and Circle have become partners, we are waiting for USDC to appear in Apple Pay.
This can be especially powerful for crypto-native businesses since it can help them create stronger connections with customers who want to pay using more traditional methods and even enable them to buy crypto with Apple Pay on their preferred exchange. Apple Pay and Circle’s Payments solution make it possible for crypto-native businesses to accept payments from customers who don’t use crypto at all.
- Trust Wallet has released a browser extension.
Trust Wallet’s browser extension enables users to manage and securely store, send, and receive over 8 million tokens across all EVM chains and Solana. This includes Ethereum, BNB Chain, Polygon, and Avalanche, with the ability to custom-add other EVM chains. More non-EVMs will be added in the upcoming months and will be announced in due course.
- Elon Musk restored Trump’s Twitter account based on user votes. I wonder if Musk, as the sole owner of the social network, can tweak the poll results or even subscribers and views…
- Coinbase Custody has released a statement that the digital assets of each product in Grayscale have a dedicated network address and has provided the exact digital assets stored in each product. Grayscale has previously stated that the cold wallet address is not disclosed for security reasons. Read the full report here.