The stage is set, institutions are ready to build walls around Bitcoin. Adoption is coming, but at what cost?
BlackRock Bitcoin ETF Prospects Boost Institutional Investor Sentiment - Decrypt
A CoinShares report showed investors pulled millions from crypto funds over the past week, but BlackRock's ETF bid slowed the outflow.
decrypt.co
Charles Schwab, Fidelity, and Citadel have launched an exchange. Is this a good thing for retail or are government proxies moving in to capture the market?
EDX crypto exchange goes live offering bitcoin and ether trading, backed by Schwab and Fidelity
A crypto exchange backed by Schwab, Fidelity and Citadel has officially launched trading in four crypto assets.
cnbc.com
Did the SEC go after Biance.US in order to kill a competitor to Blackrock and Citadel?
Binance US Market Share Evaporates as SEC Case Looms - Decrypt
Binance US market share among other exchanges in the states has shrunk to 1 since the SEC sued the exchange.
decrypt.co
Twitter Spotlight
I'm sorry, but after watching, Blackrock, Fidelity, Citadel, Schwab and now Deutsche Bank, all apply for #Bitcoin ETFs, spot exchanges, etc. only a few days after the SEC drops a TRO on Binance and sues Coinbase... how can't you think this entire past year was a giant inside job… twitter.com/i/web/status/1…— Preston Pysh (@PrestonPysh) 1:50 PM • Jun 20, 2023
1/ Coinbase and Binance lawsuits have now dropped, but they could take years to litigate. The most immediate path for crypto acceptance in the US is through legislation. So, let's run through an overview of the Digital Asset Market Structure Discussion Draft...A TLDR 🧵— Jessica Furr (@JessicaFurr305) 3:37 PM • Jun 20, 2023
The mask is coming off.“Tokenization is the future,” but it will only be allowed at the Wall Street firms that own our financial regulators like Michael Hsu and Gary Gensler, says owned regulator at the American BANKERS Association event. twitter.com/i/web/status/1…— Ryan Selkis 🪳 (@twobitidiot) 7:11 PM • Jun 16, 2023
In The Know
The European Union has suspended the draft law for the production of the Digital Euro, which is expected to be published on 28 June.
📰 Feds quietly drop five charges gainst Sam Bankman-Fried BF.
🤝 The rest will be plea-bargained away.
🚓 SBF is unlikely to serve any jail time.
US national debt reaches an all-time high of $32 trillion.
It took 215 YEARS for US debt to reach $7 trillion.
So far, over $7 trillion has been added SINCE March 2020.
Events
Click here for events & meetups inJune 2023
Crypto News Heard Around the State
Tampa News
The waters are getting choppy and we all see some storms heading our way. Our goal is to build a Bitcoin dome around The Bay, and see if we can help other Bitcoiners do the same in their area. If we and other local groups are successful, we have a good chance of dodging a lot of… twitter.com/i/web/status/1…— Bitcoin Bay (@bitcoinbaytpa) 1:11 AM • Jun 20, 2023
Orlando News
Sights from the Partnership's Investor Update luncheon at the new @GoBrightline station at @MCO. We celebrated the growth in our region & heard from Patrick Goddard w/ Brightline who spoke about how the new station is a transformative milestone for our region.#OnT#OnTrackToOrlandop— Orlando Economic Partnership (@ORLPartnership) 8:47 PM • May 31, 2023
Miami News
Miami's Francis Suarez bucking history as he tries to become first sitting mayor elected president
The 2024 Republican presidential field is full of long-shot candidates. And Miami Mayor Francis Suarez may be the longest long shot of all, on paper anyway. No sitting mayor has ever been elected U.S. president. Presidents have historically comes from the ranks of governors, vice presidents, senators or Cabinet secretaries. That doesn't seem to have deterred Suarez. He got into the race last week by talking up his experience leading the city of about 450,000 people. Suarez says being a two-term mayor of Miami has helped him understand and confront issues facing most Americans, such as crime and homelessness.
apnews.com
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