With a look at BTC’s consolidation phase, traditional markets and a different perspective on dogecoin, CoinDesk’s Market Daily is back with the latest news roundup.

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This episode is sponsored by bybit.com and unfederalreserve.

Today's stories:

JPMorgan Warns of Bitcoin Weakness as Futures Get Liquidated (Bloomberg)

South Korea Kicks Off New Crackdown on Illicit Crypto Activities

Mike Novogratz’s Galaxy Digital Said to Be in Talks to Buy Crypto Custodian BitGo

Ark Investment Management Ups Holdings in Coinbase

Anonymous Dogecoin Donor Pays Adoption Fees at Florida Dog Shelter

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

UK Asset Manager Baillie Gifford Invests $100M in Blockchain.com

The Reality of ‘Rayonism,’ a New Plan to Merge Ethereum and Eth 2.0

Louis Vuitton, Cartier and Prada plan to Use a Bespoke Blockchain to Tackle Counterfeit Goods

Firms Like Ripple May Put ‘Competitive Pressure’ on Traditional Indian Banks: according to a new report by EY 

The Node: Dogecoin Is a Joke, Get Over It