BlackRock's filing today for a spot Bitcoin ETF is clearly one of the most important events in the space in quite a while. BTC holders should read the whole thing especially the lengthy detail on Coinbase custody etc:
@MacroScope17
How about Ethereum 2.0+ Shanghai could easily be brought in house to Black rock, running all the Validator‘s. Black rock will then slowly siphon value out of all ERC 20s to acquire more bitcoin or they will just work on buying up all the wbtc. Just a thought.
@MacroScope17
This is smart on $BLK part, though bad for crypto, IMO. People will want a better custody option than $COIN but if $BLK accumulates too much in the way of Bitcoin this way, it undoes the idea of crypto.