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| By Beth Canova |
At the start of June, the Securities and Exchange Commission escalated its war against crypto by suing centralized exchange giants Coinbase (COIN) and Binance.
However, there was a spark of light in these seemingly dark times: Namely, the prospect of institutional capital from financial giants like BlackRock (BLK).
So, let’s take today to get our ducks in a row and recap all the drama that unfolded in June … and learn a few ways you can protect yourself from this regulatory whiplash.
1. Take a look at the big picture in U.S. regulators’ war on crypto.
Although the recent collapses of Silvergate, Signature and Silicon Valley Bank seem to be a traditional finance issue on the surface, if you dig deeper, there is an interesting recurring theme. Specifically, the U.S. government seems to be placing severe restrictions on crypto-related banking.
In this article, Juan Villaverde and Alex Benfield cover the lesser-known, crypto-related aspects of the 2023 banking crisis and how the crypto industry might respond to this regulatory onslaught.
2. Crypto catches the eye of TradFi superstars.
After a long break, crypto has caught the interest of institutional giants once again. This could be the push crypto needs to achieve wider adoption, greater liquidity and price appreciation.
Read on to find out which companies have crypto in their sights and how this could greatly transform the crypto space in the future.
3. Here are three sectors that are poised to do well over the coming months.
Instead of getting caught up in the fear, uncertainty and doubt over the SEC’s war on crypto, it’s much more beneficial to identify which narratives demonstrated the most resilience in these volatile times.
A few weeks ago, Bruce Ng provided an overview of three sectors that he believes will do well over the next six months. These sectors have great investment potential and are definitely worth a read.
4. Earn up to 17% yield with incredibly little risk using DeFi.
The world of decentralized finance is constantly innovating, and Chris Coney has a keen eye for identifying promising new prospects as they pop up.
This time around, he explored a specific opportunity that allows you to earn close to 17% on your USD Coin (USDC, Stablecoin) … without taking on much risk.
That’s all for today.
Make sure to come back tomorrow for Alex Benfield’s usual coverage of the crypto market.
Best,
Beth Canova
Managing Editor
