This editorial is from last week’s edition of the newsletter Week In Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story.
Key Takeaways:
Bitcoin risks dip below $59K as PlanB flags 200-week MA; institutions dominate flows. Google white paper claims 20x quantum gain, raising risks for Bitcoin and Ethereum cryptography. $260M-$285M Drift Protocol exploit signals rising DeFi hacks as Circle response questioned. Markets Wobble as Oil Shock Looms, Institutions Tighten Grip on Crypto, and Quantum Risks Enter the FrameOf course, we’ve already seen some governments preparing for the incoming shock. Mr. Johnston said this was happening mostly from Asian countries, which, as soon as the Strait was closed, began immediately curtailing energy usage.
“For a BIP to go through, one of about 5 people have to champion it. We both know who they are. No BIP has gone through without them in the last decade.”
-David Sencil
