• Pension Fund manager Fidelity to offer Bitcoin investments
  • Blackrock launches a Blockchain ETF
  • Bitcoin sits at $38.6k and continues to trade in sideway price action
  • Central African Republic makes Bitcoin legal tender
  • State of New York bans new crypto mines that use non-renewable power

Business

Fidelity To Allow Bitcoin Investments In Retirement Plans: Report
Investment giant Fidelity will reportedly enable its 23,000 business clients to offer Bitcoin accounts for their workers’ 401(k)s later this year.
Bitcoin Magazine: Bitcoin News, Articles, Charts, and GuidesNamcios
MicroStrategy to let employees invest in Bitcoin through 401(k) retirement plans
MicroStrategy revealed on Tuesday, April, 26 that it will offer Bitcoin to staff as an option for their 401K retirement savings account.
FinboldJordan Major
BlackRock launches a blockchain ETF that offers a ‘gradual entry point’ into the tech — and the opportunity for exponential growth, says top iShares exec
The ETF tracks US and international companies involved in the “development, innovation, and utilization of blockchain and crypto technologies.”
Markets InsiderPhil Rosen
Goldman Sachs Makes Its First Bitcoin-Backed Loan
The global investment bank allowed a borrower to use the cryptocurrency as collateral for a cash loan.
CoinDeskBrandy Betz
Ethereum burning spikes to new high on Yuga Labs’ NFT hype
70,000 ETH was burned on the day of the Otherdeed NFT sales, more than triple the previous single-day high of 20,000 in mid-January.
CointelegraphBrian Quarmby
Solana suffers 7th outage in 2022 as bots invade the network
The Solana network suffered a seven-hour outage overnight between Saturday and Sunday due to a large number of transactions from the nonfungible token
FXStreetCointelegraph Team
Twitter Accepts Elon Musk’s $54.20-a-Share Buyout Offer
Upon completion of the transaction, Twitter will become a privately held company.
CoinDeskOliver Knight
Dragonfly Capital Raises $650M for Third Crypto Fund
The new fund will allow Dragonfly to lead rounds in later-stage companies, the firm said.
CoinDeskBrandy Betz
Samsung Asset Management Will List Asia’s First Blockchain ETF in Hong Kong
Samsung’s ETF will mimic the Amplifi Transformational Data Sharing ETF, which includes exposure to actual Bitcoin.
CryptoPotatoAndrew Throuvalas
Media Company OneFootball Raises $300M In Series D Funding Round
The football media company says it is using blockchain technology to “release digital assets and fan-centric experiences.”Liberty City Ventures, Animoca Brands and Dapper Labs were among the investors in the round.
CoinshotsKabir V.
Apollo Hires JPMorgan’s Christine Moy to Lead Digital Assets Strategy
The investment giant will be looking for to make investments between $50 million and $250 million in blockchain and Web 3.
MSNEliza Gkritsi
Three Arrows Capital to ditch Singapore for Dubai
Three Arrows Capital, a cryptocurrency trading and hedge fund manager, is moving its headquarters to Dubai from Singapore, becoming the latest among a growing number of firms looking to expand their presence in the Middle East. See related article: Dubai could be crypto’s promised land, Citi says Fa…
Yahoo FinanceTimmy Shen
Grayscale to expand crypto fund offering into Europe
Grayscale is the world’s largest crypto asset manager. Its Bitcoin trust has over $25.7 billion in assets under management.
CointelegraphSam Bourgi
Dubai-based real estate behemoth DAMAC Properties to accept Bitcoin as payment
DAMAC Properties, a real estate developer in Dubai announced it would support the digital economy enabling the conversion of crypto to fiat.
FinboldJordan Major
DeFi Lender Rari Capital/Fei Loses $80M in Hack
Decentralized finance (DeFi) platforms Rari Capital and Fei Protocol suffered a more-than-$80 million hack early Saturday. The hacker exploited a reentrancy vulnerability in Rari’s Fuse lending protocol, according to a tweet by smart contract analysis firm Block Sec. The root cause is due to a typ…
Yahoo NewsKevin Reynolds, Sam Kessler
$2.5M of Bored Ape Yacht Club NFTs Stolen in Instagram Hack
Bored Ape holders clicked a link promising them free land in an upcoming metaverse. Then their NFTs disappeared.
CNETDaniel Van Boom

Founders from a16z, Solana and more back new billion-dollar crypto fund
Quick TakeYet another billion-dollar plus crypto fund has entered the market. Joe McCann — previously of Passport and Microsoft — has secured commitments from the likes of Marc Andreessen
Scaramucci’s SkyBridge Pivoting to Crypto; Files for Mining Fund
SkyBridge Capital founder Anthony Scaramucci said the investment firm is pivoting its focus towards digital assets.
BeInCryptoNicholas Pongratz
Bitcoin Miner Riot Blockchain Announces 1 Gigawatt Facility in Navarro County, Texas
Riot Blockchain will begin developing a 1 GW facility in Navarro County, Texas expected to create 270 jobs and drive economic growth during its first phase.
Bitcoin Magazine: Bitcoin News, Articles, Charts, and GuidesShawn Amick

Markets

Crypto Charts 64
BTC We expect price to grind further down from $38.7k before looking to buy back on a break above $40.8k. ETH Expect prices to drop further if we remain under $3′025, and would look to buy at $2′480. We expect the next leg higher if $3′180 is broken
The AssetsMatthew Clark
Market Intelligence 22
BTC price declines in 7 days and continues to trade within YTD range Low implied volatility and yields in derivatives markets NVT price model signals potential price bottom and reversal BTC-NASDAQ correlation remains very high Weekly Price Action Price: $38.7k Week Open: $41.4k Week High: $42.8k…
The AssetsRayan Khan
Crypto Market’s Direction During a Recession Might Depend on Nasdaq
Because of bitcoin’s strong correlation to the tech-heavy Nasdaq 100 index in recent months, the cryptocurrency’s performance during a recession might depend on the direction of broader markets.
MSNHelene Braun
Sustainable energy usage for BTC mining grows nearly 60% in a year
The latest Bitcoin Mining Council report suggests that the mining industry is rapidly adopting sustainable energy sources to secure the largest crypto blockchain.
CointelegraphJesse Coghlan

Regulations

Central African Republic officially adopts Bitcoin as legal tender | Finbold
The Central African Republic has officially adopted Bitcoin as legal tender, according to the president’s office.
FinboldJordan Major
New York State Assembly Passes Bill Blocking New Crypto Mines That Use Non-Renewable Power
The bill will impose a two-year moratorium on new crypto mining firms that use a carbon-based energy source. Existing facilities aren’t affected, nor are any that tap renewable resources.
CoinDeskNikhilesh De
New York state lawmakers propose bill to criminalize rug pulls
Senate Bill S8839 and Assembly Bill A8820 both call for the defining, criminalizing, and penalizing digital currency projects designed to fleece investors.
CoinGeekWahid Pessarlay
Panama passes bill to permit use of crypto assets
Lawmakers in Panama’s National Assembly on Thursday approved a bill to regulate the use and commercialization of crypto assets in the Central American country renowned as a hub of offshore financial services.
ReutersValentine Hilaire
Fort Worth is the first city in the U.S. to mine bitcoin, and will run mining rigs out of city hall
Three Bitmain Antminer S9 mining rigs will run 24 hours a day, seven days a week, in the climate-controlled information technology wing of Fort Worth City Hall.
MSNMacKenzie Sigalos
Grayscale makes fresh push for SEC approval to become bitcoin ETF
Crypto asset manager has focused on key legal detail in letter to regulator ahead of July deadline
Financial TimesStefania Palma
Binance Bans Accounts Tied To Russian Gov’t Officials’ Relatives - Will It Hurt Them? | Bitcoinist.com
Crypto asset exchange of digital assets Binance has suspended accounts with ties to Russian government officials’ relatives.
Bitcoinist.comJet Encila

Opinions

Willy Woo: Bitcoin (BTC) ‘Seems a Bit Undervalued’ - BeInCrypto
Willy Woo is one of the pioneers of on-chain analysis and creating Bitcoin indicators based on direct data from the blockchain. In a recent tweet, while analyzing the BTC supply shock indicator, he stated that “the orange coin seems a bit undervalued.”
BeInCryptoJakub Dziadkowiec
Buffett back bashing Bitcoin, claims it ‘doesn’t produce anything’
Buffett argued that he would happily write “a check this afternoon” worth $25 billion for 1% of all the farmland or “apartment houses” in the U.S. as they both produce real-world utility.
CointelegraphBrian Quarmby
In the Long Run, We Are All Dead: The Fate of Passive Retail Liquidity Provision in Uniswap v3
Uniswap’s shift from v2 to v3 was an epochal moment in DeFi, with consequences that the crypto world hasn’t yet fully grasped. That update brought markedly greater capital efficiency for buyers, but the brave new world it ushered in has had negative consequences for many liquidity providers. In part…
Semaji's Weekly Pulpitsemaji.eth

Podcasts / Readings