Blockworks: News and insights about digital assets.

Bankman-Fried Says FTX No Longer Calls Hong Kong ‘Home’. Here’s Why

By Sam Reynolds / September 23, 2021

The digital assets industry in Hong Kong is faced with an increasingly hostile regulator, and strict quarantine laws make the City uncompetitive for international business.

Regulation

Biden’s Bank Regulator Pick is Critic of Big Banks and Crypto

By Casey Wagner / September 24, 2021

Biden’s head of the Office of the Comptroller of the Currency pick wants to “end banking as we know it,” but it may not be good news for the crypto industry.

Regulation

Coinbase CEO: 50% of the People He Spoke to in DC Think Crypto is a Risk

By Jacquelyn Melinek / September 23, 2021

While half of the lawmakers in DC have misconceptions about crypto, the other half have realized that the crypto industry is a huge opportunity, Coinbase CEO and Co-founder Brian Armstrong said during a podcast interview today.

Education

The Investor’s Guide to the Metaverse

By Morgan Chittum / September 24, 2021

The top articles on the metaverse curated by Blockwork’s NFT and metaverse reporter

Headlines

Cryptos Decline as China Doubles Down on Regulations: Markets Wrap

By Morgan Chittum / September 24, 2021

Cryptocurrency markets fall on news that the People’s Bank of China would restrict access to international crypto exchanges.

Asset Management

Kraken is Building out Staking, Consumer Capabilities and Monitoring NFT Space

By Ben Strack / September 24, 2021

Chief product officer: crypto exchange also looking to expand in areas “that are probably going to be surprising”

Featured

A Futures-based Bitcoin ETF Could Be Suboptimal. Here’s Why

By Ben Strack and Casey Wagner / September 24, 2021

The SEC has hinted that a futures-based cryptocurrency ETF will likely be the first to be approved, but the structure has its flaws.

Key Metrics

Bitcoin 1 Month Implied Volatility

93.6%

Vision Hill Fundamental Index Performance

453.5

Federal Reserve Balance Sheet

$8.49 Trillion

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Latest News

Blockstream’s Mow Thinks Solana is a Distraction, Here’s Why

By Sam Reynolds / September 24, 2021

Blockstream’s CSO is a bitcoin maximalist to the core, and doesn’t think that Ethereum really is the future rails of finance. After closing a round that values the company at $3.2 billion, what does Blockstream plan to build?

Markets

$50M in BTC Liquidated Following China Regulatory News

By Macauley Peterson / September 24, 2021

Markets reacting to news of a decision of the Chinese Central Bank restricting access to international crypto exchanges.

Financial Services

Arca Labs and Securitize Partner on Tokenized US Treasury Fund

By Casey Wagner / September 23, 2021

Arca Labs teamed up with Securitize to launch a regulated, ‘40 Act, tokenized US Treasury fund to provide a stable way for investors to gain exposure to crypto.