Spring?
We’re making today’s post free for all readers on Substack, to give you an idea of what you’re missing through the week… happy reading!
The crypto kiddies reckon there are angles to harm the SEC as Forbes notes: Ripple Effects From SEC Suit Could Strengthen Coinbase Litigation. “In the SEC v. Ripple case, the Hinman documents could vindicate Ripple and XRP, in addition to boosting Coinbase's own litigation.”
Another nation looks at BTC et al: Bhutan Turns To Crypto In Search Of Fast Growth notes the FT as “the Himalayan kingdom teams up with Singapore's Bitdeer as it seeks to raise cash to mine digital currency.”
BitMEX Launches Dedicated App For Hong Kong Users (Coingape) as it seeks to adhere to the HK Virtual Asset Service Provider (VASP) regime.
On the other hand, it’s not all growth shoots and end of winter talk but then to be fair the end of recessions are always thus:
Hotbit Exchange Halts Operations, Urges Users To Withdraw Funds
Cointelegraph
Malaysia Says Crypto Exchange Huobi Global Isn't Registered, Must Cease Operations
CoinDesk
Crypto Lender BlockFi Ordered To Withdraw Unapproved Reorganization Plan Shared 'Prematurely'
CoinDesk
Gemini Says Genesis Parent DCG Missed $630 Million Payment
CoinDesk
Genesis Seeks 100-Day Extension For Recovery Plan As DCG Misses $630M Payment
Cryptoslate
“Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.”
President Biden Refuses Debt Deal Friendly To Crypto Traders
Crypto Potato
President Biden Takes Strong Stance: No Debt Deal Protecting Crypto Traders
BSC
Perhaps the good news is just waiting to emerge after the Bank Holiday heavy weekend?
From our sister publication, EI Weekend:
In response to reader’s queries , we’re adding a book column to the weekend edition - We’ll be choosing some interesting books pertaining to exchanges and markets, investment et al going forward. Firsts here’s one from a very recent IPO-VID guest:
Our IPO-VID guest 105 Philip Roscoe creates a cautionary tale about the drive of financial markets towards expropriation, capture and exclusion. A must read book from University of St Andrews Reader in Management, Philip Roscoe, even if it’s much more about socioeconomics than anything remotely like a build manual for a marketplace (if you need one of those DM me…).
Get the book here.
Suggestions welcome if you would like to nominate a book for us to cover!