Gemini takes to Twitter (too)
PLUS: 💸 Yearn to release public vaults, 🇭🇰 Hong Kong closes in on becoming Crypto Hub, and 🇸🇻 El Salvador gears up to issue Bitcoin Bonds
Headlining…
Most important news of the past week:
♊️ Gemini Co-founder, Cameron Winklevoss, pens Open Letter calling for removal of DCG CEO in the wake of Gemini Earn freeze.
🔇 Justice Department investigating Solana-based, Saber Labs co-founders, Ian and Dylan Macalinao.
💸 Yearn Finance, Flagship DeFi Protocol, will allow Public to launch Curve Reward Programs.
Social Proof…
Key cases of adoption over the past week:
🇭🇰 Hong Kong proposing Highly-Liquid Crypto Tokens be allowed for Retail Trading.
Why this Matters: If passed, the law would eliminate the restriction passed in 2018 that allowed only institutional investors with $1million under management to trade Crypto. While Hong Kong continues to look like it is positioning itself to become a global crypto hub, “Highly Liquid” has not been explicit defined yet.
🇸🇻 El Salvador edges closer to making bitcoin bonds legal after law passes.
Why this Matters: Recently, El Salvador’s — where Bitcoin is legal tender — Legislative Assembly approved a law on the issuance of digital assets. The law would make it legal to sell bitcoin bonds in the country — a project that has been in the works since at least early 2022.
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