Three noteworthy items this month:
1. A prominent institutional study revealed:
• 58% of global institutional investors have invested in digital assets
• Price volatility is the primary barrier to investor interest among 50% of those surveyed
• Most of these investors consider digital assets as an independent asset class.
2. A new digital asset classification system
• Coin Metrics, MSCI and Goldman Sachs designed an institutional standard classifying digital assets by: Class/Sector/Sub-sector similar to how S&P classifies stocks.
3. FTX exchange turmoil sends shockwaves
• FTX, one of the largest crypto exchanges by volume, is the focus of an SEC and Department of Justice investigation.
• Its overlapping business and ownership interests with Almeda Research present potential implications of fraud.
• This story is rapidly developing and will be covered in a separate publication soon.
- Google is launching cloud-based blockchain software to store and validate Ethereum transactions enabling enhanced security for Web 3 developers. They also will partner with Coinbase for custody.
- Meta’s (Facebook) metaverse, Horizon Worlds, lowered expectations for user growth after its initial user base decline.
- The Texas State Securities Board has alleged that crypto exchange FTX is offering unregistered securities
- Regulators CFTC and SEC are examining Three Arrows Capital, the bankrupt crypto hedge fund, for misleading investors with misrepresented financials.
To read the publication in its entirety, select "Download PDF," below.
Request Accessible PDF
An accessible PDF allows users of adaptive technology to navigate and access PDF content. All fields are required unless otherwise noted.