A Tale of Two Titans
GM, crypto fam ☕️
It’s Monday, a brand new week, and we’re ready to dive into the crypto ocean.
So, grab your coffee mugs, HODL them tight, and get ready to DCA into today’s crypto news.
Coming up: We’ve got some juicy goatish news today, from a major move by a European asset giant to a surprising statement from BlackRock’s CEO.
So, let’s dive right in!
CACEIS Bank: A New Player in Crypto Custody
What’s the deal with CACEIS Bank? Well, it’s been a wild ride, to say the least. The saga started when CACEIS Bank, one of Europe’s largest asset-servicing groups, was granted a license by the financial market regulator Autorité des Marchés Financiers (AMF) to provide crypto custody services in France.
So, what’s the big picture? CACEIS Bank, owned by banking giants Credit Agricole and Santander, is the only French custody specialist to be granted PSAN status. This means they can now operate as a crypto asset custodian authorized to store users’ private keys.
But here’s the twist: Despite the growing demand from investment management companies and institutional investors, the digital assets ecosystem is built with reliability at its core.
In practical terms, CACEIS Bank will provide secure storage for their clients’ private digital keys by leveraging state-of-the-art technology.
BlackRock’s CEO: A Change of Heart
BlackRock CEO Larry Fink is making headlines, but not for the reasons you might think. Fink recently announced that he’s no longer using the term “ESG” (environment, social and governance) because it is being politically “weaponized” and he’s “ashamed” to be part of the debate on the issue.
But what does this mean for BlackRock? Well, it’s a shift, but the company is still in a bitter battle with regulators over crypto regulation in the country. Fink has been a major proponent of factoring in climate change risks to investing strategies and corporate leadership.
What’s new: Fink acknowledged that Florida Gov. Ron DeSantis’ decision to pull $2 billion in assets hurt his firm in 2022, but made clear last year was his company’s best with net flows of $200 billion from U.S. clients.
Crypto Quickbites
- HSBC Takes the Plunge: HSBC Hong Kong now lets customers trade bitcoin and ether ETFs
- DeFi Coins on the Rise: A number of OG defi coins pumped yesterday, generating a lot of discussion.
-ETH Staking Surges: % of $ETH staked now at 19.52%
Grand Finale
As we wrap up today’s edition, remember this pearl of wisdom from author Neil Gaiman:
“The old rules are crumbling, and nobody knows what the new rules are. So make up your own rules.”
In the crypto world, where innovation moves at lightning speed, being a rule-maker not just a rule-follower can make all the difference.
Stay curious, crypto fam, and let’s keep pushing boundaries together.
Cheers to being a part of the next financial revolution with Goat News!
And with that, we close another edition of Goat News!
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GOAT out ✌️
