With bitcoin dropping as traders turn bearish, CoinDesk’s Market’s Daily is back with the latest news roundup.
There are many long-term bulls in the bitcoin market. But in the short term?
Proposed FinCEN crypto wallet rulemaking among those affected by U.S. President Joe Biden’s first-day order to freeze all rulemaking. (CoinDesk)
Individuals starting to feel the bitcoin FOMO; “You never know until you play with it and figure it out” (Bloomberg)
Former U.S. Treasury official (and Ripple board member) Michael Barr will reportedly replace Brian Brooks as head of OCC. (CoinDesk)
Bond market signals suggest investors increasingly expect higher inflation with no commensurate response from the Federal Reserve to increase interest rates. (WSJ)
Some McDonald’s restaurant owners attribute recent sales bump to recent distribution of stimulus checks. (WSJ)
China’s three largest telecommunications operators ask New York Stock Exchange to reverse recent decision to delist them. (Nikkei Asia Review)
Alibaba shares rise 10% higher after popular billionaire and CEO Jack Ma resurfaces in video. (Asia Times Financial)
“This bubble will burst in due time, no matter how hard the Fed tries to support it,” asset-allocation guru Jeremy Grantham of GMO writes in web post. (GMO)
“Decades of constant stimulus have left capitalism weaker, less dynamic and less fair, fueling populism,” Morgan Stanley Investment Management Chief Global Strategist Ruchir Sharma writes in op-ed. (FT)