Mr. Wonderful Kevin O’Leary reveals his top crypto picks

Recent rumors suggesting the insolvency of crypto exchange Bybit have sent shockwaves through the crypto community, escalating panic and speculation. A significant error on Arkham’s on-chain analysis platform mistakenly showed a drastic drop in Bybit’s assets, triggering anxiety. Bybit Gives Clarification Regarding the Insolvency Rumors Initially fueled by the alarming graphical... source: https://beincrypto.com/bybit-insolvency-rumors-spark-panic/

O Fed sinalizou ontem que uma política monetária muito mais fácil está reservada para 2024. source: https://www.coindesk.com/pt-br/markets/2023/12/14/tradfi-goes-all-in-on-fed-rate-cuts-what-it-means-for-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Kevin O'Leary, a Shark Tank investor and chairman of O'Leary Ventures, said that it may take another year and a half (18 months) for a Bitcoin spot ETF to be approved. O'Leary believes that increasing regulatory transparency is necessary for the US SEC to approve a Bitcoin spot ETF. He explained that a spot Bitcoin ETF requires a transparent and compliant cryptocurrency exchange to confirm spot market pricing on a daily basis, stressing that the U.S. SEC will not approve a Bitcoin spot ETF until an exchange that meets SEC requirements emerges. Kevin O'Leary highlighted two barriers to institutional investment in Bitcoin: SEC compliance and 24/7 trading. He explained that BTC’s 24/7 trading creates challenges for institutional investors, as they typically limit their exposure to each asset class to 5%. He pointed out that in the case of stocks, it is easy for institutional investors to rebalance their portfolios on a daily basis because the stock market closes at 16:00 Eastern Time every trading day. (Bitcoin.com)

Bitcoin's dominance rate neared the 50% mark early Saturday as altcoin crash triggered a flight to safety.

a16z released the 2023 Crypto State Report and launched the Cryptocurrency State Index, which aims to track the health of the crypto industry from a technical rather than financial perspective. The index represents the weighted average monthly growth of 14 industry metrics — from the number of verified smart contracts to the number of transaction wallets and more. the

OP Crypto, a venture capital firm in the blockchain space, has raised $28 million for its Fund of Funds (FoF), Trustnodes reported. David Gan, director of the fund, said 22 people had invested since April last year. Foresight News previously reported that on July 1, 2022, according to TechCrunch, OP Crypto is launching a $100 million Fund of Funds to deploy funds to emerging fund managers focused on early-stage crypto investments, Such as infrastructure, DeFi, NFT, Metaverse, games and other fields. At present, the fund has received commitments of US$50 million from LedgerPrime and FJ Labs, etc., with a target and hard cap of US$100 million.

Canadian entrepreneur Kevin O'Leary told a Senate Banking, Housing and Urban Affairs Committee hearing that Binance deliberately caused FTX to collapse and is now a "large, unregulated monopoly." He also advocated for greater regulation, noting that FTX-owned derivatives trading platform LedgerX was “the only entity that didn’t go to zero” after the crash because it is regulated by the U.S. Commodity Futures Trading Commission (CFTC).

According to CNBC, Canadian businessman and TV personality Kevin O'Leary said that FTX paid him $15 million in endorsement fees last year, and he has now lost this fee. Kevin O'Leary explained that after deducting taxes and agency fees, he has invested approximately $9.7 million in the crypto space and owns more than $1 million in FTX equity, which is currently worthless. In mid-November, NFL player Tom Brady, NBA star Steph Curry, Gisele Bundchen, Larry David and others were filed a class action lawsuit, the lawsuit documents allege that they "actively participated" in unregistered securities offered or sold by FTX in the form of income accounts.

Payment giant Visa and Crypto.com launched the World Cup-themed "Visa Masters of Movement" series of NFTs, aiming to provide fans with NFTs and immersive experiences before the FIFA World Cup in Qatar in 2022. Visa Masters of Movement Inspired by Iconic Goal Moments of 5 Players - Jared Borgetti, Tim Cahill, Carli Lloyd, Michael Owen and Maxi Rodriguez - Will Be Auctioned on Crypto.com with Proceeds Going to UK Charity Street Child United.