With bitcoin hovering around $32K for a fourth straight day and top Ivy League universities said to be accumulating crypto, CoinDesk’s Market’s Daily is back with the latest news roundup.
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This episode is sponsored by Nexo.io.
Smart Money Buying Crypto as Harvard Said to Be Holding
The brain trust has blessed cryptocurrencies, with endowments for Harvard and other universities reportedly lapping up digital assets. For bitcoin marketeers, it’s a new $600B money pot.
Small-investor stock-trading activity on Robinhood, Charles Schwab and Morgan Stanley’s online brokerage shows no sign of slowing (WSJ)
GameStop short-sellers reload bets after $6B loss (Bloomberg)
“With the U.S. increasingly reliant on foreign capital to compensate for its growing shortfall of domestic saving and with the [Federal Reserve’s] open-ended quantitative easing measures creating a massive overhang of excess liquidity, the case for a sharp further weakening of the dollar looks more compelling than ever,” former Morgan Stanley Chief Economist Stephen Roach writes in op-ed. (Bloomberg Opinion)
Collateralized debt obligations make their way onto DeFi lending (CoinDesk)
It’s ‘frothy squared’ as crypto firms line up for IPOs to tap market mania (Bloomberg)
Mike Novogratz’s Galaxy Digital plans to launch Ethereum funds, from (Decrypt)
The market value of DeFi tokens surged to $45B, triple the amount at end of October, reported by (Decrypt, using CoinGecko data)