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Crypto Princess1
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✍️BitMEX founder Arthur Hayes cautioned that the success of Bitcoin ETFs managed by traditional asset managers could threaten Bitcoin's essence. ☀️He expresses concern that if Bitcoin becomes a state-controlled financial asset, people may opt for ETF derivatives instead of holding actual Bitcoin in self-custodied wallets, risking the decentralization principle. #ETFTrends #ETF

✍️BitMEX founder Arthur Hayes cautioned that the success of Bitcoin ETFs managed by traditional asset managers could threaten Bitcoin's essence.

☀️He expresses concern that if Bitcoin becomes a state-controlled financial asset, people may opt for ETF derivatives instead of holding actual Bitcoin in self-custodied wallets, risking the decentralization principle.

#ETFTrends #ETF

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💼BlockFi has announced the closure of its platform👜 🔒 Cryptocurrency lender BlockFi has announced that it will be shutting down its web platform in May 2024. The exact closure date will be specified later. ✔️In November 2022, the company filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This occurred approximately two weeks after the collapse of FTX and Alameda Research. Previously, BlockFi acknowledged that the exchange and its subsidiary had outstanding obligations to the company.
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🚦Trading rice and a tablet without the Internet: Sam Bankman-Fried on life in prison 👀 In a recent interview from Brooklyn Detention Center, FTX founder Sam Bankman-Fried (SBF), currently serving a 25-year sentence, claims he's adapting well. 🍚 He's trading rice, maintaining his vegan diet, and engaging in prison life while awaiting a July appeal. Despite the significant lifestyle change, SBF, who's lost 11 kg, asserts he's in good spirits, even finding prison offers unique arbitrage opportunities. 🙈FTX founder reflects on the past, suggesting negligence as his downfall, not criminal actions, and still disputes his criminal responsibility for FTX's collapse.
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🔥 BREAKING: Binance💰 and KuCoin💰 have successfully registered with the Indian 🇮🇳 Financial Intelligence Unit, allowing them to continue their operations in India...
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🎛️Binance and KuCoin complete registration with India's Financial Regulator🔥🔥 📝 Both Binance and KuCoin have successfully registered with the Financial Intelligence Unit of India. 😁 Following a $41,000 fine, KuCoin has resumed its activities in the region. Binance's financial penalties are still pending determination.🧐 It is anticipated that Binance will restart its regional operations once the fine is settled.
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Hello, here's the latest for this morning: 📝 The U.S. House of Representatives voted to repeal the SEC ruling that prohibits financial institutions (custodians) from holding BTC for their clients. ✅ Also, a bill has been introduced in the U.S. House of Representatives to ban cryptocurrency mixers for two years. 🤑 Donald Trump stated that he will be accepting cryptocurrency donations for his election campaign. 💰 On May 8th, the net inflow into spot BTC-ETFs amounted to $11.5 million. 💸 Grayscale's CEO announced that the company will focus on ETH spot products. 📈 Cryptocurrency trading on Robinhood surged by 224% in the first quarter, reaching $36 billion. 🚀 #news
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