Episode Details

This is part 38 of the crypto series. In this episode we provide an update on the stalemate with crypto legislation and how that is affecting the price of Bitcoin and other cryptocurrencies. We also look at Fannie Mae agreeing to accept crypto-backed mortgages in conjunction with Better Home & Finance and Coinbase. Nasdaq is partnering with Kraken to develop a plan for 24/7 tokenized stock trading. The hottest crypto trade right now is 24/7 oil futures, which is being offered by cryptocurrency exchange Hyperliquid. Strategy is now offering preferred issues called ‘stretch’. This new product operates like a hybrid security that has part stock and bond features. This new product does not come without risks. The world’s largest crypto event, Token2049 in Dubai was cancelled due to the conflict between the U.S. and Iran. The Justice Department continues to probe Binance and their role in moving money for potential Iranian terror groups. Finally, JPMorgan is sued over a potential $328 million crypto ‘Ponzi’ scheme involving a Florida-based company named Goliath Ventures. This episode reviewed multiple articles from Investopedia, Banking Dive, and The Wall Street Journal.