Hyperlink Nº1
This is the first issue of Hyperlink, one of the first series concepts for The Vault. The idea is simple—Hyperlink will round up the best crypto and market news of the day, and deliver it to your inbox first thing in the morning.
I’m aiming for five days a week (M-F), Saturday off, and a larger issue on Sunday.
This one is being published in the early afternoon. Had to take some extra time this morning to put it together. But in the future, the idea is to have it sent by 6-7am so it’s in your inbox when you wake up.
Betting on the collapse of Tether
Bloomberg article for background.
There has been some controversy around Tether’s supposed 1:1 backing of all its coins in circulation. Some have speculated that Tether doesn’t have the USD to back it’s coins, and is thus a fraud.
IMO, this has gone under the radar because billion-dollar potential fraud seems tame compared to some of the wild west style insanity going on in the space nowadays. With massive scams left and right, and billion-dollar dog coins—Tether’s potential insolvency takes a back seat. For now.
The Specter of WWIII
Bitcoin Jumps to $40K as Putin Sees Positive Shift in Ukraine Talks
The markets have been choppy over the past week or so on speculation over how the war in Ukraine develops. BTC briefly jumped up to ~$42K, before pulling back to the $38K range (where it is currently).
The only thing certain is that no one know what will happen next. The best geopolitical experts in the world are adjusting their outlooks in real time. If there was ever a time to sit on the sidelines of the market and observe, that time is now.
More Bitcoin ETF Rejections
SEC shoots down spot bitcoin ETF proposals from NYDIG, Global X
The SEC approved the listing of Bitcoin futures ETFs last fall, but so far we have yet to see a Bitcoin spot ETF.
More: Will Biden’s Executive Order Speed Up Spot Bitcoin ETF Approval?