Two crypto blockchains shut down. Coinbase just won.
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摘要
Two Ethereum layer twos announced shutdowns inside a single week. Abstract had Disney and Red Bull Racing partnerships and 400,000 users, and it still could not make money.
The exchanges spent the same week getting bigger. Coinbase finished its Deribit integration and is bringing Coinbase Pro back. Standard Chartered, Circle, and Ripple bought into OKX at a $25 billion valuation. Robinhood put Bitcoin on its own balance sheet.
Scott Melker's point is that the exchanges never needed to buy the independent chains. They built their own and kept the customers.
He also covers the crypto super PAC backing 13 Democrats, and the Winklevoss twins undercutting Grayscale's Zcash fee by ten times.
Timestamps
0:00 Bitcoin shrugs off a 19-year high in yields
3:14 Coinbase finishes Deribit and brings Pro back
5:23 Standard Chartered, Circle, and Ripple back OKX at $25 billion
7:53 Robinhood buys Bitcoin for its own balance sheet
9:38 Two Ethereum layer twos shut down in one week
11:36 The crypto super PAC is backing 13 Democrats
13:22 The Winklevoss twins undercut Grayscale ten times over
#Bitcoin #Coinbase #Robinhood #OKX #Crypto #DailyWolf #YahooFinance
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