The Crypto Compass Issue #14

Elizabeth Warren building an "anti-crypto army"!? Read it in our weekly newsletter now! Brought to you by BitcoinWalletSG.

Hey There Friends! 

Welcome back to our weekly newsletter! Last week, we covered significant developments like the CFTC suing Binance, Nasdaq entering crypto, and Coinbase's battle with the SEC. This week, we're discussing the implications of a spike in oil prices and Senator Elizabeth Warren's announcement of an "anti-crypto army."

Spike in Oil Prices and Its Impact on Crypto

Oil prices spiked this week due to an unexpected output cut by OPEC and its allies. The rising fuel prices have raised concerns about inflation, which may drive some investors towards cryptocurrencies as a hedge against increasing prices. Keep an eye on how this development impacts the crypto market.

Elizabeth Warren Building an Anti-Crypto Army

Senator Elizabeth Warren announced on Twitter her plans to build an "anti-crypto army" as part of her re-election campaign. This move could result in increased regulatory scrutiny and proposed legislation targeting the crypto industry. It's essential for crypto enthusiasts to stay informed about political developments and engage in constructive dialogue with policymakers.

That's it for this week's newsletter! As the world of cryptocurrencies and blockchain technology continues to evolve, it's crucial to stay updated and informed. Be sure to join us next week for more exciting updates and insights into the ever-changing crypto landscape.

Stay curious and happy investing!

Best, QH

Tweets

Notable News

Welcome to 'hyper-bitcoinization.' Bernstein ponders future of bank runs.

Any further banking mishaps could lead the way to hyper-bitcoinization, Bernstein analysts said.

https://www.theblock.co/post/224344/hyper-bitcoinization

Crypto Hardware Wallet Maker Ledger Raises Most of $109M Round: Bloomberg

The company's valuation remains at about the same $1.4 billion it was valued at in its previous funding round in June 2021.

https://www.coindesk.com/business/2023/03/30/crypto-hardware-wallet-maker-ledger-raises-most-of-109m-round-bloomberg/

Elizabeth Warren says she’s building an anti-crypto army in new campaign

Senator Elizabeth Warren's new re-election campaign post on Twitter says she plans on building an "anti-crypto army."

https://cryptoslate.com/elizabeth-warren-says-shes-building-an-anti-crypto-army-in-new-campaign/

Tech News

Ethereum Bot Gets Attacked for $20M as Validator Strikes Back

The incident raises questions about whether validators can be trusted, one former member of the Ethereum Foundation said.

https://www.coindesk.com/business/2023/04/03/ethereum-mev-bot-gets-attacked-for-20m-as-validator-strikes-back/

Regulatory News

Attorney claims Ripple vs SEC verdict may take 2 more months

Many crypto enthusiasts, developers, and firms eagerly await the Ripple vs. SEC ruling to determine the next direction for the industry. 

https://cryptoslate.com/attorney-claims-ripple-vs-sec-case-verdict-may-take-2-more-months/

Podcast

Moody's Head of DeFi Analytics unpacks the risks of stablecoins and CBDCs

Moody's Head of DeFi Analytics unpacks the risks of stablecoins and CBDCs.

https://www.theblock.co/post/224247/moodys-digital-assets

hardware wallet bitcoinwalletsg