#7 Crypto Crib Newsletter

NEW ATH WEEK

Welcome once again fellow Cribbers, we bring you special highlights of the preceding week. And you guessed it right, this week, we broke and made a new ATH for Bitcoin, first time before halving. Which brings us to an interesting turn of event. Is this time actually different?

Arizona considering adding Bitcoin spot ETFs to the State’s retirement portfolio

The state of Arizona may soon have Bitcoin exposure in their retirement portfolio if a proposal passes that will allow them to add Bitcoin spot ETF to their portfolio. This comes in as another bullish news signalling things will only get better from here.

USDT supply close to 100B; WIF reaches TV

Tether truthers continue to bite dust as USDT supply grows closer to 100B signalling significant new money infusion in the space at a rapid pace. But that’s not all as Dogwifhat ticker $WIF was recently seen featured on TV amidst the memecoins recordbreaking performance, which also broke the Binance listing curse as it reached a new ATH post listing.

Blackrock & Fidelity now holds more than $17bn worth of Bitcoin; Exchanges see 6yr low in Bitcoin balances

The institutional fomo continues throughout the week as Blackrock and Fidelity, two of the major ETF providers, now hold more than $17bn worth of Bitcoin. Meanwhile exchanges saw a new low in Bitcoin balances as they approach a 6yr record lowest point. Supply shock may just be real.

Do Kwon to be extradited to South Korea, US extradition rejected

Infamous founder of the collapsed Luna, Do Kwon, was facing pronouncement of extradition to two countries, South Korea and USA, in which the court favoured for South Korea. This will mean he gets to dodge US prosecution, but will be facing charges in the courts of South Korea.

And with that we wrap up this week’s newsletter. We hope to see you next week with much more craziness and entertainment.