DL News

Donald Trump’s policies will be inflationary and that could be good for Bitcoin, writes @Wolfgang Munchau for DL News. "The two most consequential changes I would expect him to pursue are not trade tariffs but a devaluation of the dollar and the exertion of political control over the Federal Reserve," he says. However, that may not be bad for Bitcoin. "If people start to fear about the future of the dollar itself, the combination of soft regulation and dollar debasement could drive up the price of Bitcoin beyond anything we have seen so far," he says. https://lnkd.in/e_BxDxWj

Why are the two biggest cryptocurrencies down? Nine spot Ethereum exchange-traded funds launched on Tuesday after months of waiting. Many industry watchers expected it to trigger a new crypto rally. However, Bitcoin has drifted almost 1.1% while Ether has plunged 8.2% over the past week, according to CoinGecko data. “If this trend continues, crypto will need more help to rally,” 10x Research said in an investor note on Thursday. https://lnkd.in/gPxnzFXV

“Something about tech, and especially crypto and blockchain, doesn’t surface the women in the industry as much as the men,” Amanda Wick told Joanna Wright and Benjamin Weiss for DL News. She has a point. The richest people in the industry are men, most people on the different projects' boards are men, and if a woman in the industry dares to speak up, then you can expect all hell to rain down on her — or at least have her face a shitstorm on Twitter fuelled by toxic masculinity. This is an important piece of journalism, and I encourage you to read every word of it.

Crypto bros have been unchecked for too long in the burgeoning blockchain industry. Now with Wall Street embracing the new asset class and crypto emerging as a surprise issue in the 2024 presidential election some women, such as Amanda Wick, are pressing for equality, inclusion, and fairness... Benjamin Weiss & Joanna Wright deliver an important and urgent story for DL News. Delighted to have edited this one with indomitable Trista Kelley... https://lnkd.in/dPiBJ-Xg

Wall Street had its boiler room culture, Silicon Valley its tech bro culture... Now crypto is dealing with its own sexism problems just as it goes mainstream and gender equality moves to the forefront of the 2024 election. Outstanding and important reporting from Benjamin Weiss and Joanna Wright on this urgent issue for DL News: https://lnkd.in/euCUN-Eb

Crypto is funding a flood of election disinformation online, Chainalysis warns. “Crypto is a tool like any other that’s utilised to support these influence operations globally,” Valerie Kennedy, director of investigations at the crypto data firm, told DL News' Benjamin Weiss. Bot farms, web hosters, and virtual number services accept crypto. One operation alone funnelled $7.7 million in Bitcoin through its operations, researchers warn. https://lnkd.in/epRqZDph

What are the biggest crypto job moves right now? DL News pulled together the past month’s major crypto hires and reveals the top job the industry is hiring for. They include massive hires by the White House, Coinbase, the Stellar Development Foundation, Tether.io, and Coinme to mention a few. These hires come as crypto hiring is proving to be a minefield. Not only is it tough to find and manage the right talent, but a recent DL News investigation found that fake applicants are flooding job boards with doctored CVs. Some of these bogus applicants appear to be North Korean nationals trying to infiltrate crypto projects for nefarious purposes. But let's focus on the real hires that will likely influence the industry for a long time to come. Check out the link for the full story! https://lnkd.in/gMwydQvy Paul Brigner Carole House Philip Gradwell

Spot Ethereum ETFs are here. Nine different ETFs — issued by BlackRock, Fidelity Investments, Grayscale Investments, VanEck, Invesco US and Galaxy Digital, 21Shares, Hashdex, Franklin Templeton, and Bitwise Inc — have now hit the market. Combined, these issuers have more than $15 trillion in assets under management, according to Bloomberg Intelligence ETF analyst Eric Balchunas. Trading kicked off Tuesday morning in pre-market trading in New York. Volume is “significantly lighter than pre-market trading of Bitcoin ETFs on launch day,” said Matthew Hougan, chief investment officer at crypto index fund manager Bitwise, posted on X. “Still, good to see trading activity in the biggest expected players pre-market.” Tom Carreras reports. https://lnkd.in/gahX9ene

Short selling 'inverse' ETFs have been around a long time in the stock market... now they are catching on in the crypto & Bitcoin market, and, of course, digital assets are way more volatile than equities... Callan Quinn reports on the new inverse Bitcoin ETF in Hong Kong... Retail investors can now play like the pro bears... For DL News: https://lnkd.in/eG8iqUwx

Will Ethereum ETF demand disappoint crypto investors? That’s the question the crypto industry is asking as US Ethereum ETFs will likely launch on Tuesday — potentially opening the floodgates to a new round of crypto ETF craze. Crypto market maker Wintermute wrote Monday that it expects Ethereum ETFs to garner somewhere between $3.2 billion and $4 billion in assets within their first year. With the firm expecting Bitcoin ETFs to amass roughly $32 billion before the end of the year, that means Ethereum ETFs would get only about 10% to 12.5% of the amount of assets that Bitcoin ETFs are projected to receive. Tom Carreras reports. https://lnkd.in/eYRrXbdt