Latest from James Rubin
Bitcoin Recrosses $26.3K to Hit Highest Level in a Week Amid BlackRock Optimism
Markets surged for a second time in the less than 24 hours following the fund management giant’s announcement that it had filed paperwork for the formation of a spot bitcoin ETF.

GBTC Discount Narrows After BlackRock’s Filing for Spot Bitcoin ETF
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.

Tether’s Banking Relationships, Commercial Paper Exposure Detailed in Newly Released Legal Documents
Obtained by CoinDesk under a Freedom of Information Law request, the documents offer a rare but limited window into the reserves behind USDT, the crypto market’s largest stablecoin.

Avantgarde, Agio Digital Unveil Institutional Onchain Funds Platform
The platform will allow for users to set up fully regulated on-chain funds.

First Mover Asia: Hong Kong as Crypto Hub? The City's Strict Banking Requirements May Be an Obstacle
A Hong Kong-based entrepreneur says that while the digital assets regulation is "overall friendly," banking regulations will make the industry's growth there difficult. ALSO: Bitcoin surges post-BlackRock iShares ETF filing but the rally sputters.

Bitcoin Jumps Past $25.7K After BlackRock iShares ETF Filing
The largest cryptocurrency rose more than 1.3% in the hour after the announcement.

Bitcoin, Ether Move Toward Oversold Territory in Post FOMC Downturn
CoinDesk Indices Trend indicators are signaling a bitcoin and ether downtrend

Bitcoin Regains Ground to Reach $25.2K, but Investors Remain Jittery About U.S. Economy, Monetary Policy
Tether’s USDT stablecoin deviated from its $1 peg, while other major cryptos spend their day in red territory.

First Mover Asia: Large Bitcoin Holders Content to Hold Long Positions Amid Regulatory Turmoil
Balances for whale investors indicate that investors are holding on to their crypto assets, despite recent uncertainty; BTC regains $25K.

Bitcoin Friendly Miami Mayor Francis Suarez Jumps Into Presidential Race
Suarez joins an increasingly crowded field as a longshot candidate for the Republican nomination. The mayor has accepted his salary in bitcoin.
