On The Brink with Castle Island
Weekly Roundup 06/28/24 (Solana ETF, Coinbase sues FDIC, SCOTUS vs SEC) (EP.540)
Jun 28, 2024
Topics discussed include BTC mining FUD turning into AI FUD, Solana ETF filing by Vaneck, Coinbase suing FDIC and SEC, SCOTUS limiting SEC's power, State Street's partnership with Galaxy Digital, US reps visiting imprisoned Binance exec in Nigeria, and Germany selling Bitcoin. Also mentioned are Abra settling with regulators, AI energy consumption, government crackdown on crypto industry, and concerns expressed in industry groups' white paper.
38:55
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Quick takeaways
- Vaneck files for a Solana ETF, expanding investment options in the crypto space.
- Coinbase's legal actions against the FDIC and SEC showcase the regulatory challenges faced by crypto exchanges.
Deep dives
Rescue Efforts Amid Financial Crisis
The federal government intervenes during economic turmoil by liquidating Lehman due to bad mortgage investments. Significant financial assistance is extended to stabilize entities like AIG, Fannie Mae, and Freddie Mac. Amid economic downturns, actions like injecting funds become vital to prevent further crisis.
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