Yesterday's broad-based crypto rally was the first significant injection of volatility since March. While there has been margin and leverage demand, we’re far from levels we would consider, “speculative frenzy.”
DeFi continues to draw attention from crypto traders and mainstream media. We continue to view the biggest issues as inflated token valuations and a lack of understanding among participants of their risks.
FINRA has approved crypto-trust company Grayscale Investments to list its BCHG and LTCG products on the U.S. OTC market. The announcement is an incremental development for Crypto infrastructure but the products aren’t without their faults.
Binance appears to have become the first of several dozen high profile twitter accounts to become compromised and tweet one of several scams attempting to deceive users to send BTC to a provided wallet.