As the summer draws to a close, the crypto market is heating up with a flurry of exciting developments. In this comprehensive update, we’ll walk you through the major events and trends from the past two weeks in the crypto market. From government legislation and the evolution of stablecoins to exciting partnerships and groundbreaking milestones, it’s been a dynamic period for crypto enthusiasts.
- Government Impact: The U.S. Senate’s Infrastructure Bill
The recent passage of the U.S. infrastructure bill raises questions about the taxation of cryptocurrency to fund the nation’s infrastructure. We explore the amendments and implications for the crypto community. - The Rise of Stablecoins and Central Bank Digital Currency (CBDC)
The U.S. Central Bank’s pursuit of a central bank digital currency and Circle’s quest to become a Federal bank highlight the growing importance of stablecoins in the digital asset space. - Ethereum’s Deflationary Transformation: The London Hard Fork
The London Hard Fork brings a major change to Ethereum, turning it into a deflationary asset as transaction fees are now burned. We delve into the implications of this historic shift. - Crypto Investment with a Focus on ESG
Sarson Funds introduces the Cryptocurrency ESG Strategy, catering to financial advisors and accredited investors interested in environmentally, socially, and governance-focused cryptocurrencies. - NFTs and Sports: DraftKings’ Collaboration with Autograph.io
Explore the partnership between DraftKings and Tom Brady’s NFT platform, Autograph.io, and the fast-selling sports-focused NFTs. - Big Players in Cryptocurrency: Amazon, Walmart, and Microsoft
Discover the involvement of Amazon and Walmart in the crypto space and Microsoft’s exploration of blockchain technology for combating software piracy. - Ethereum 2.0: Staking Milestone
Ethereum 2.0 reaches a significant staking milestone, with over $21 billion staked in the network. We examine the implications for the Ethereum ecosystem. - Dogecoin Foundation Rebirth and Quantum-Resistant Tokens
The Dogecoin Foundation gets a fresh start with notable advisors, and a quantum-resistant digital asset prepares for listing on Bitcoin.com Exchange. - Institutional Investments in Bitcoin
Wells Fargo’s partnership with NYDIG and FS Investments for a Bitcoin fund signifies the continued influx of institutional investors into the crypto space.
For more on the latest developments in the crypto ecosystem, we encourage you to join our communities. Follow us on Twitter, LinkedIn and Facebook for the latest developments in the crypto space, and subscribe to our newsletter, here.
Disclosures: Not investment advice. It should be assumed that Sarson Funds or its affiliated managers hold positions in all projects that are discussed. It is not possible to invest in any project directly through Sarson Funds, Inc. or its affiliated managers. Any investment product offered by managers affiliated with Sarson Funds should be assumed to be only available to Accredited Investors and subject to the individual terms and conditions of that offering including but not limited to those eligibility requirements associated with U.S. Securities Regulation D, section 506c. Talk with your financial advisor before making any investment decisions or have them contact Sarson Funds directly at info@sarsonfunds.com