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This is an excerpt from the 21st edition of The Funding sent to our subscribers on Feb. 9.The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member.To subscribe to the free newsletter, click here.
Hartmann pointed to extended negative funding rates and widespread bearish sentiment as signs that the market could soon rebound.
Quick Take The discussion draft includes language around federal regulators for stablecoins including the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation. On the other side of the aisle, last week Republicans House Financial Services Committee Chair French Hill alongside Rep. Bryan Steil released draft legislation to regulate stablecoins.