Coinbase just won final OCC clearance for its federal trust company, while the US seized 1.2 billion dollars from a hack. 📰
01 Capital reports Coinbase received final OCC clearance for its US trust company, completing a process that had conditional approval since April, while US authorities obtained court authority to seize 1.2 billion dollars tied to a North Korea linked Binance hack, after freezing more than 2.7 billion dollars in associated proceeds. ⚠️ My reading is that these two stories are the two faces of the same market, real institutions getting federal custody stamps while law enforcement cleans up the criminal side, and the long term direction is clear even if the short term price is still falling.
Does the Coinbase trust win matter more for crypto, or the 1.2 billion dollar seizure? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Coinbase
01 Capital reports Coinbase received final OCC clearance for its US trust company, completing a process that had conditional approval since April, while US authorities obtained court authority to seize 1.2 billion dollars tied to a North Korea linked Binance hack, after freezing more than 2.7 billion dollars in associated proceeds. ⚠️ My reading is that these two stories are the two faces of the same market, real institutions getting federal custody stamps while law enforcement cleans up the criminal side, and the long term direction is clear even if the short term price is still falling.
Does the Coinbase trust win matter more for crypto, or the 1.2 billion dollar seizure? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Coinbase
