
Legal Scorecard: Coinbase Up Good; Terraform Down Bad
The Breakdown
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Bitcoin Distribution, ETF Market Makers, and Premium Valuations
Exploring the distribution of Bitcoin to Genesis creditors post-bankruptcy plans approval, along with insights on high GBTC outflows and new participants in BlackRock's Bitcoin ETF. Market makers like Citadel, Citigroup, Goldman Sachs, and UBS are delved into, with discussions on the premium on micro-strategy stock, short selling, and potential Bitcoin price surge to $177,000.
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