Will Evergrande’s collapse have a silver lining for crypto?

On the most recent episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory towards the USA Securities and Trade Fee. Though there’s nonetheless no resolution relating to the agency’s utility for a spot (BTC) exchange-traded fund, the choice was favorable for Grayscale and its Grayscale Bitcoin Belief, which has over $16 billion in property underneath administration.

Subsequent, Pechman discusses the impression of Chinese language actual property large Evergrande’s chapter and questions why it took virtually two years to announce the corporate’s incapacity to repay its debt. Based on The Kobeissi Letter, it appears associated to China’s latest surprising reduce in rates of interest.

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