Bitcoin (and the rest of the markets) absolutely cratered yesterday, with BTC dropping from nearly $10k to under $8k before resetting a bit. Is it Bakkt backlash? Bitmex margin calls? Or a fat load of who the hell knows? Speaking of crashes, Adam Neumann is out as CEO of WeWork, the fall guy in what appears to be the beginning of a larger market reset on technology company valuations. Does that reset have implications for the crypto markets? Finally, a number of new financings including for Fold, a cashback-in-bitcoin app that keeps your data private.
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The Breakdown