Blockchain Bites: Bitcoin’s Latest Billionaire Bull, Zcash’s Upgrade, Grayscale’s $10B Breakthrough
The New York-based firm, wholly owned by CoinDesk’s parent company DCG, now oversees $10.4 billion in assets including bitcoin, ether and other altcoins held across nine single-asset investment trusts and a diversified fund. (CoinDesk)
THE EDUCATOR: Incoming Wyoming senator Cynthia Lummis said a key item on her agenda will be explaining bitcoin to her new colleagues in Washington, D.C. (CoinDesk)
TWITTER OBLIGES: Bridgewater’s Dalio tweeted, “I’d love to be corrected” on bitcoin, after denouncing it last week.
(CoinDesk)
Market intel
Institutional interest
Open interest for bitcoin futures traded on CME Group’s exchange hit a new high of $976 million Monday. While open interest may be “indicative of institutional investors wanting exposure to bitcoin,” according to Chainalysis Chief Economist Phillip Gradwell, it’s important to note that CME’s recent surge comes as incumbent exchanges BitMEX and Huobi face ongoing regulatory challenges and flat or declining open interest through Q3 and Q4.
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