Catching Up on a Lot of Stuff

I poked my head out of the Sam Bankman-Fried trial just long enough for my entire panel of House lawmakers at CoinDesk’s policy event in Washington, D.C. to cancel, leading to a very impromptu session instead. Unfortunately that’s not enough time to really dig into any of the things that’s happened over the past month so here’s a brief list of things I missed instead.Source

Lesser-known Johnson Wins Speaker Job as Crypto-focused Lawmakers Return to Old Roles

After several failed attempts, Republicans in the U.S. House of Representatives dug deep into their roster to elevate a less prominent and less controversial lawmaker, Rep. Mike Johnson (R-La.), as the new Speaker of the House.Source

Hobbled Crypto Exchange’s Creditors Are Suing Its CEO and Want to Claw Back Money From ‘Bitcoin Jesus’

CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.Source

Bitcoin Dominance Hits Fresh 30-Month High as Ether, Altcoins Lag in Rally

Bitcoin’s [BTC] market share of all cryptocurrencies rose to a fresh 30-month high Wednesday as BTC continues to beat most altcoins or alternative cryptocurrencies.Source

How Japan Is Leading the Race to Regulate Stablecoins

Japan’s stablecoin regulations attempt to address some of the biggest fears about major stablecoins: Do issuers really have the assets to back them?Source

Mastercard Teams Up With MoonPay for Web3 Push

MoonPay will incorporate compliance-friendly Mastercard’s Crypto Credential system and integrate payments tech like Mastercard Send and Click to Pay, according to a blog post.Source

Sam Bankman-Fried’s Desperate Last Stand

If his trial were going better, the fallen crypto king wouldn’t be testifying in his own defense.Source

Bitcoin’s Rise Fuelled by U.S. Investors Buying Ahead of Potential Spot ETF Approval: Matrixport

While most cryptocurrency owners are based in Asia, the buying power of U.S. traders is much bigger, the report said.Source

Bitcoin Spot ETFs Could See Inflows of $14.4B in First Year, Galaxy Says

An ETF could be a better investment vehicle for investors compared to currently offered products, such as trusts and futures, which hold over $21 billion in value, the fund said.Source

Trader Who Called Last Year’s Crypto Crash Covers Bearish Altcoin Bets

I am not buying yet, just closing loss-making short positions in AAVE, SOL, CRO and TRX, Capo said, having predicted last year’s market meltdown.Source