With bitcoin’s silver lining and Ribbit’s $350 million “Blank Check,” CoinDesk’s Markets Daily is back for your latest crypto news roundup!
This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.
Today’s stories:
Bitcoin Drop Squeezes Out Weak Derivatives Positions – And That May Be a Good Thing
Bitcoin’s latest price drop may have a silver lining.
Crypto and Fintech VC Ribbit Capital Seeks $350M in ‘Blank Check’ IPO
While it’s unclear how much Ribbit Leap will focus on crypto or blockchain acquisitions, it comes at a time of renewed exuberance in the sector.
FTX Exchange’s $150M Deal for Mobile-First Blockfolio Is a Retail Trading Play
The deal is a strategic play for FTX, whose clientele consists largely of quants and professional traders, to attract more retail customers.
Brazilian Lawmaker Proposes Crypto Regulations for a Country Devoid of Any
Brazil’s crypto scene has been unbanked, unregulated and awash in legal uncertain for its entire history.
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