On June 15, BlackRock announced it had filed an SEC application for a bitcoin spot ETF, which was followed shortly by a filing from Fidelity. Both firms’ submissions include the use of crytpo exchanges for market surveillance. Bloomberg estimates that there have been 30 filings to date for bitcoin spot ETFs, and with Blackrock’s win loss record of 575-1 on ETF submissions, the suspense is killing folks more than a Netflix thriller. EDX Markets, a new crypto exchange which is backed by...

The failure of SVB and Signature bank has put pressure on U.S. banking regulators as concerns mount about short positions and further failures with mid-tier banks. Jamie Dimon, who’s own JP Morgan, is engaged in advising and funding struggling First Republic, has been critical of banking regulators in his annual shareholder letter predicting it is “not over yet” and will be felt for years. The failure of SVB, the flag bearer for America’s “West Coast” tech sector, is like a Greek tragedy -...