The Five Most Important Stories in Crypto This Week
The Breakdown
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Crypto's Role in Mortgage Financing
This chapter explores significant market developments, including historic highs for the Nasdaq 100 and S&P, alongside Coinbase's first all-time high. It discusses the implications of Fannie Mae and Freddie Mac's directive to consider cryptocurrency as an asset in mortgage applications, while addressing regulatory and valuation complexities. Additionally, the chapter critiques the stability of stablecoins and examines the preference for central bank digital currencies in the evolving financial landscape.
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