Hello and welcome to another crypto news roundup by your favorite portfolio tracking and trading platform, Coinigy.
How do you know we’re in a bull market?… besides new crypto “gurus” dropping hot takes on BTC’s surge to $150,000.
It’s when Coinbase crashes 😆
So, last week, Coinbase experienced a downtime, which, of course, always happens during bull runs.
- Think 2017
- Then 2020
- And again in 2021 as BTC hit $69K 👀
Will history repeat itself again?
Well, we’ll leave it to you to decide.
Anyway, here are the hottest stories from last week:
- Coinbase Crash Could Mean Another Bitcoin Bull Run Is Coming — Here’s Why
- Portal Airdrop Begins as Ethereum Gaming Token Hits $425 Million Market Cap
- Wells Fargo, Merrill to Offer Bitcoin ETFs to Wealth Management Clients: Bloomberg
- Gemini to Return at Least $1.1B to Earn Customers in Settlement With NYDFS
Coinbase Crash Could Mean Another Bitcoin Bull Run Is Coming — Here’s Why
Coinbase’s history of going down during surges in traffic prompted crypto Twitter another opportunity to poke fun at the exchange, designating the familiar technical difficulties as a positive market indicator.
Portal Airdrop Begins as Ethereum Gaming Token Hits $425 Million Market Cap
PORTAL, minted on Ethereum, is currently priced at $2.54 per token according to data from CoinGecko, with just over 167 million tokens currently on the market — nearly 17% of the total supply of 1 billion tokens. That puts the market cap at about $425 million.
Wells Fargo, Merrill to Offer Bitcoin ETFs to Wealth Management Clients: Bloomberg
Bank of America Corp.’s Merrill arm and Wells Fargo & Co.’s brokerage unit are offering access to ETFs that invest directly in Bitcoin, underscoring the increasing acceptance of the products by mainstream firms.
Gemini to Return at Least $1.1B to Earn Customers in Settlement With NYDFS
Cryptocurrency exchange Gemini and New York State Department of Financial Services (NYDFS) have reached a settlement that will see Gemini return at least $1.1 billion to customers of the Gemini Earn Program through the Genesis bankruptcy proceeding.
Other Highlights Worth Mentioning
Novogratz predicts Bitcoin could ‘take off and measure to $150,000’ — AMBCrypto
Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S. … Again — CoinDesk
Bitcoin breaches $60K for the first time…. in over 2 years — Coinlive
SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins — Coindesk
