G20 Crypto Standards, DATs' Future, and More — Week in Review

G20 Crypto Standards, DATs’ Future, BNB ETF Advance, China Mining Resurgence, and more in this Week in Review.

Week in Review

The G20 pushed unified crypto oversight with new stablecoin and DeFi standards, experts debated whether DATs (crypto-holding firms) are fading amid the market downturn, Vaneck advanced a BNB ETF toward a Nasdaq listing with an updated SEC filing, China’s bitcoin mining industry showed signs of resurgence four years after its ban, and Andrew Tate was liquidated on Hyperliquid after a $794,000 BTC leveraged bet failed.

G20 Leaders’ Declaration Drives Unified Crypto Oversight With Stablecoin and DeFi Standards

Global crypto regulation is set to accelerate as the G20 rallies behind sweeping oversight, unified standards… read more.

Editor’s comment: It’s good that the G20 is taking stablecoins and defi seriously, but they are incredibly late to the party!

Are DATs Over? Experts Weigh in on the Trend’s Future

The recent market downturn has brought the issue of DATs, companies that hold bitcoin and other cryptocurrencies… read more.

Editor’s comment: There was a lot of great commentary about DATs this week as the market wrestles with this once dominant force/narrative.

BNB ETF Advances Toward Nasdaq Listing With Vaneck’s Updated SEC Filing

Vaneck’s bold push toward a groundbreaking BNB ETF signals a powerful new wave of institutional momentum… read more.

Editor’s comment: I am interested to see the appetite for these altcoins from tradfi. I think Hunter Horsley’s metric will be roughly correct: altcoin ETFs interest will be less than or equal to the percentage of the digital asset’s FDV to Bitcoin.

China Reemerges as Global Bitcoin Mining Power

China’s bitcoin mining industry is staging an unexpected resurgence four years after a sweeping ban forced… read more.

Editor’s comment: If China were to ever legalize bitcoin mining, overnight it would be vying for a top spot.

Andrew Tate’s $794,000 BTC Bet Fails: Influencer Liquidated for 84th Time on Hyperliquid

Andrew Tate’s Hyperliquid account was fully liquidated after leveraged bitcoin bets collapsed, wiping out… read more.

Editor’s comment: One must always be mindful to guard against schadenfreude, but this situation tickles my funny bone.