RABIT Weekly news (W3 Apr 2022)

  • Hong Kong asset management company My Capital has acquired a cryptocurrency fund management license, is operating a cryptocurrency-themed hedge fund, and plans to expand its operating assets to more than $200 million in the future
  • Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks
  • Regulatory uncertainty exists as to whether to treat crypto as securities, derivatives, or general products
  • Fidelity to Offer Exposure to Metaverse, Digital Payments With New ETFs
  • Third-Largest Bitcoin Whale seems to bought another 555 BTC on April 13th
  • BlockSec, "Elephant Money DeFi was hacked, resulted in a $4 million gain for attackers per cycle”
  • Cryptorank, Ethereum-based USDC's market capitalization exceeds $40 billion, overtaking Ethereum-based USDT
    • BlackRock, Fidelity and others to invest $400M in USDC stablecoin issuer Circle
  • Klaytn launches $20M fund for blockchain research center
  • Amazon CEO says, "I don't have BTC and we won't add cryptocurrency as payment option for our retail business."

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