"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto headlines today, including a report finding crypto funds could have assets of as much as $650 billion within five years.
Heads to Spain and a crypto influencer spends a few hours in jail. You're watching coin desk daily. I'm your host, Jenna. All right, let's take a look at the markets. The coin desk, Bitcoin price XX index is currently trading just above $26,000. Meanwhile, broker Bernstein has released a new report breaking down the impact of spot based Bitcoin TFS are launched in the United States. It says the crypto fund management business could have assets of as much as $650 billion within five years. It comes months after powerhouses like Blackrock filed for a spot based ETF with the SEC early this month, the regulator delayed making a decision on all applications until October Coinbase has registered with the Central bank of Spain. It is a mandatory step that now allows Coinbase to offer crypto related services in the country. Registered firms have to comply with the country's anti money laundering standards. The US based exchange says the move represents another chapter in its international expansion journey. And crypto influencer Ben Armstrong has been released on bail. Ben Tokens floated by Armstrong earlier this year dropped 30% earlier today as reports of the arrest leaked. He was arrested Monday after an apparent confrontation with his former business partner, part of which was live streamed on X Armstrong posted about the incident stating in part quote, my name is Ben and I'm a lawyer. I did eight whole hours in the slammer another day. Another attempt from SBF to get out of jail. Sam Bank been freed has renewed a request for temporary release during his trial. According to a letter from his lawyers to the judge overseeing the case, the FX founder has been pushing for release since his bond was back in August. An appeals court rejected an attempt to overturn the ruling just last week. His criminal trial is set to begin next week. That's a wrap for Coindesk daily. Get more updates on coindesk dot com and we'll see you next time.