Blockchain Bites: JPMorgan’s $146K BTC Target, Crypto Responds to US Treasury’s Proposed Wallet Rule
PLUS: The OCC's green light for banks to use stablecoins, Brazil's booming crypto sector and the bitcoin mining machine supply crunch.
A correction in bitcoin's price (from all-time highs) led to $1 billion in liquidated options positions. Ukraine announced a Stellar-based CBDC experiment and a much-awaited Ethereum layer 2 set a tentative launch date.
Singapore is funding blockchain R&D. Germany's second-largest stock exchange's crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of "Ethereum-first" institutional buyers.