NYDIG stacks sats, Elon buys Twitter By Cointelegraph

For all of the doom and gloom surrounding crypto markets nowadays, there’s loads to be enthusiastic about. Institutional buyers are nonetheless actively shopping for (BTC), enterprise capital continues to be investing closely into blockchain startups and forthcoming regulatory readability is more likely to pave the best way for wider adoption, maybe as early as subsequent 12 months. This week’s Crypto Biz e-newsletter options some thrilling tales about adoption, to not point out Elon Musk’s deal to purchase Twitter (lastly).

Sidebar: I had the chance to attend Circle Web Monetary’s Converge22 convention in San Francisco final week. In a media session on the sidelines of the convention, Circle CEO Jeremy Allaire stated USD Coin’s (USDC) “stablecoin” label is a misnomer and that we must always begin enthusiastic about the asset as a real type of a digital greenback. I additionally had the chance to interview a number of leaders from the blockchain group on matters associated to interoperability, market manipulation, CeFi dangers and crypto’s multichain future.

NYDIG raises $720M as Bitcoin steadiness hits all-time excessive

Bitwise launches Web3 ETF for institutional and retail buyers

Musk’s deal for Twitter appears to be like set to go together with unique $44B price ticket

Basel Committee: Banks worldwide reportedly personal 9.4 billion euros in crypto property

Earlier than you go: Credit score Suisse faces rumors of a Lehman Brothers-style collapse