Coinbase Trades at a $77B Valuation as BTC Heads Towards a $1T Market Cap

An define of key news, from a new DeFi Index fund for authorized traders to bitcoin shrugging off increasing Treasury yields.

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This present day’s episode of “The Breakdown” analyzes a chain of issues at some point of the bitcoin and crypto enterprise, collectively with:

  • Bitcoin reclaims $50,000 and appears to be like in direction of a $1 trillion market cap
  • Treasury yields upward push, hammering gold but up to now having no impact on BTC
  • Bitwise launches a new DeFi index fund for authorized and institutional traders
  • Christie’s is auctioning off NFTs
  • Coinbase is trading at a $77 billion valuation on the non-public markets

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