Join Matt and Nick as they break down the crypto market sell-off, the state of crypto regulations in the U.S., Wells Fargo’s potential Bitcoin ETF push, and more. They also discuss certain altcoin updates including Arbitrum Stylus and Polygon’s token migration.
Key Takeaways
- The crypto market slid amid weakness in stock markets, with ETH temporarily hitting a year-to-date low under $2,200.
- Last week’s Bitcoin ETF flows totalled -$706M. Net outflows have now occurred for eight straight trading days.
- Wells Fargo reportedly plans to start actively pitching the spot Bitcoin ETFs to certain clients as of this month. Access to these ETFs should only keep improving over the coming months and years.
- Qatar announced a comprehensive framework for regulating crypto in a bid to attract global businesses.
- There are seven altcoin-specific conferences in the next seven weeks: Solana Breakpoint, Cardano Summit, Chainlink SmartCon, Ripple Swell, Stellar Meridian 2024, Cosmoverse, and Avalanche Summit LATAM.
- Among the altcoin updates covered: Arbitrum Stylus, MATIC to POL token migration, and Ripple USD (RLUSD).
Important upcoming macro dates:
- Sep. 10: First debate between Kamala Harris and Donald Trump
- Sep. 11: U.S. CPI data
- Sep. 18: U.S. interest-rate decision and Fed Chair Powell’s press conference
00:00 Intro
00:17 Bitcoin ETFs and Crypto Market Slide
02:39 US Crypto Regulations and Wells Fargo’s Optimism
05:36 Qatar’s Regulatory Framework for Digital Assets
09:04 Uniswap Labs Faces CFTC Fine
10:37 Blockchain Association Probes Fed Order Against United Texas Bank
14:09 Japan’s Cross-Border Stablecoin Transfers
16:32 Ripple’s Stablecoin and EVM Smart Contract Sidechain
18:53 Arbitrum’s Stylist for Improved Development Accessibility
20:05 Polygon’s Rebranding and Emission Schedule
24:41 Underappreciated: MicroStrategy and Tether’s BTC Holdings
26:28 Overrated: Cardano’s Main Net Upgrade