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  • 11/20/23: Argentina Is Ours ✊⏳🗞️

11/20/23: Argentina Is Ours ✊⏳🗞️

Author

Valko
November 20, 2023

Top News

  • ✊ Javier Milei wins Argentinian Presidency and he’s pro-bitcoin

  • ⏳ SEC delays spot Bitcoin ETF decisions as approval window closes

  • 🗞️ Crypto exchange Bullish completes purchase of CoinDesk

Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3%

The self-described anarcho-capitalist has been supportive of bitcoin, calling it "the return of money to its original creator, the private sector."

⌐◪-◪ → Javier Milei’s win may go down in history as the moment the tides turned in favor of crypto. The US is about to hold it’s 2024 Presidential Election with several pro-crypto candiates, namely RFK and Vivek. One wants to back the dollar with BTC, the other already proposed crypto regs.

Wen Bitcoin ETF? SEC Delays Roll In as Approval Window Closes - Decrypt

An eight-day window to approve a Bitcoin ETF opened last week for the SEC. But the regulator appears posed to again punt on applications.

⌐◪-◪ → The SEC delaying ETF decisions is the new China bans Bitcoin. Seriously though, it feels like this saga will never end - especially after the window to approve all 12 pending applications closed on Friday 11/17. Many believe the approvals are a given, but BitGo’s CEO believes otherwise, citing market structure issues.

Crypto Exchange Bullish Completes Purchase of CoinDesk: WSJ

Bullish, which is run by former NYSE President Tom Farley, bought 100% of CoinDesk from crypto-focused investor DCG in an all-cash deal

⌐◪-◪ → As somebody who uses CoinDesk every day, this feels like a major win for Bullish, who purchased the company in an all-cash deal. The acquisition reminds me of Jeff Bezos purchasing The Wall Street Journal back in 2013. The strategy is pretty simple, theyr’re effectively buying a big ass billboard, which can be used to promote their core-business or simply sell sell the new digital oil, attention. Don’t sleep on media.

Peripheral Vision

⛓️ Crypto & DeFi

  • Bitcoin options open Interest climbs to record $15B on Deribit

  • Bitcoin held in CEX wallets rising at a pace of $1.16B a month

  • Ethereum whales start accumulating again, first time in 2 months

  • Worldcoin plummets as OpenAI ousts founder Sam Altman

  • Mastercard wants to detect crypto fraud using AI

  • Republic to launch revenue-sharing security token on Avalanche

  • Neon EVM (on Solana) to support gas fee payments in several tokens

  • Jump Trading and Wormhole part ways, reason remains unclear

🏦 Wallstreet & VC

  • Saga raises $5M to help game developers launch blockchains

  • Panoptic raises $7M to build perpetual options DeFi platform

  • Santander introduces Bitcoin and Ethereum trading for Swiss clients

  • Fidelity wants to create a spot Ethereum ETF, joining BlackRock

  • Bernstein says crypto fundamentals have never looked better

🏛️ Legal & Regulatory

  • BIS discovers that privacy is a key component for CBDC design

  • Former Bithumb chair faces 8-year imprisonment

  • Breakdown of Vivek Ramaswamy’s proposed crypto policy

  • BitGo CEO says SEC is likely to reject current spot BTC ETF applicants

🌎 Rest of the World

🖼️ NFTs & Metaverse