MARKETS DAILY: Crypto Update | The Influential Force of Stablecoins Are Shaping Crypto’s Road to Recovery

Bitcoin drifts around 27k awaiting Jerome Powell’s expected speech later today and what are markets saying about crypto’s path to a sustainable recovery;  CoinDesk’s “Markets Daily” is back with the latest news roundup.

Today’s Stories: 

BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management

DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says

Lightning Labs Releases ‘Better’ Version of Token Minting on Bitcoin After BRC-20s Clog System

Market Watch Links: 

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch 

Bitcoin in Stasis Below $27K Ahead of Powell Speech

Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan

BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management

DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says

Lightning Labs Releases ‘Better’ Version of Token Minting on Bitcoin After BRC-20s Clog System

Coinbase Officially Opens Subscription Service; Expands Reach Outside U.S.

This episode was edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.

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