• Crypto Sell-Off; Bitcoin ETF Pain & Altcoin Conferences To Watch

  • Sep 10 2024
  • Length: 30 mins
  • Podcast

Crypto Sell-Off; Bitcoin ETF Pain & Altcoin Conferences To Watch

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  • Summary

  • 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).
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