Bitcoin, Nvidia and Coinbase: The Biggest Crypto Stories This Week

By Beth Canova

As I sat down to write this weekly recap of your crypto highlights, something unbelievable happened. 

I received a call to my private cell phone. On the other line, a stranger asked if I had messaged them on Telegram about joining a group on that platform for crypto insight. 

They said the message looked legitimate, and it even had the Weiss Ratings name and logo included, as well.

I’m glad they called. Because that message did not come from me or Weiss Ratings! 

It’s one thing to know that bad actors, especially in the crypto realm, are getting smarter. And thanks to bots, hacks are becoming easier and cheaper to initiate. 

Still, it’s an entirely different level of understanding when your phone rings and a random stranger tells you someone is using your name as part of a nefarious plot.

If you’re reading this, kind stranger, thank you for calling to verify! That’s exactly the sort of smart response that helps keep you — and your crypto — safe. 

For everyone else, let this be your official warning: No one from Weiss Ratings — including your crypto experts — will ever text or message you directly on Telegram, WhatsApp or any similar platform.

All our communication will come from our official email and our website. You can also now download the official Weiss Ratings Mobile App in the Apple or Google Play store and set up notifications.

And, if you’re ever in doubt, please review the Online Fraud page on our website for what steps to take if you suspect you’ve been the target of a scam.

You may also want to review the safety tips your crypto experts have gathered for you right here in our Weiss Crypto Daily updates. 

Mark Gough, for example, revealed the ways you can spot the latest AI-assisted scams. Marija Matić even sat down with a blockchain security expert so you can hear the latest straight safety updates from the horses’ mouth.  

Even self-custody wallets aren’t foolproof with their security. That’s why, this week, Marija showed you One Step to Keep Your Crypto Wallet Safe That Most People Miss.

Once you’ve reviewed those, be sure to check out the rest of the updates your team had for you this week …

Bitcoin Is Near a Key Turning Point. Here's What Comes Next

The question on just about everyone's mind this week is simple: Have we finally confirmed Bitcoin's (BTC, “B+”) 4-year-cycle low? The short answer is not yet. But according to Juan Villaverde, it is very close. 

In his weekly market update, he reveals just how close, and what you should watch for confirmation.

Why Nvidia Is Becoming the Bank Behind the AI Boom

The term shadow bank normally describes a nonbank that performs credit intermediation outside the regulated system. 

That is increasingly a reasonable analogy for part of what Nvidia now does: It lends its investment-grade credit to sub-investment-grade borrowers, guarantees their leases, backstops their capacity and holds equity in many of the entities it finances.

And that means its investment thesis — and the risk involved — has changed. Tech expert Jurica Dujmovic reveals what this means for current holders and future investors. 

3 Tests to Separate Crypto’s Winners from the Rest

Pick any week in this market and you'll see the same thing: A handful of coins double. Others, with louder stories and bigger followings, quietly bleed out.

It feels random. But it isn't. And these three questions can help you understand the method behind the market’s madness … and use it to your benefit.

The Tokenization Race Has a Clear Leader

The Depository Trust & Clearing Corporation (DTCC) handles well over $100 trillion worth of securities each year. Which makes it one of the most important pieces of financial infrastructure in the world.

So, when the DTCC announces a new blockchain pilot, it’s worth paying attention. Earlier this month, the DTCC announced the next phase of its tokenization initiative.

And according to altcoin expert Mark Gough, the crypto that stands to benefit the most is the one currently leading the tokenization race.

A Weaker Dollar Could Send Bitcoin Higher

As a cycles analyst, Juan Villaverde knows the underlying rhythm of the markets trumps any single macro liquidity indicator.  Every movement in every market is governed by its own primal heartbeat. 

But to refine his understanding of that heartbeat, Juan relies on macro indicators. Because there is a lot of noise and nuance when it comes to analyzing cycles. And one macro indicator has a target for when we can expect Bitcoin to begin its next bull run for real.

Coinbase Could Be Among the CLARITY Act’s Biggest Winners

For most of the last decade, the most lucrative corner of crypto stayed off-limits to Americans.

The big trades happened on exchanges in Dubai, Malta and the Seychelles. Meanwhile, U.S. investors watched from the sidelines. Blocked by a regulatory standoff in Washington nobody could resolve.

That standoff is finally starting to break. And Coinbase (COIN) could be one of the biggest beneficiaries once the regulatory battle is done. 

But that’s all for this week! Be sure to look for your next Weiss Crypto Daily update tomorrow afternoon.

Best,

Beth Canova

Crypto Managing Editor