The #1 asset manager wants Bitcoin

Hey – this is Big Joe Crypto.

I'm here to bring you the latest crypto scoop, so you can make informed decisions and stack up more coins than a Vegas slot machine!

Here's what's happening today:

• 🤑 The biggest asset manager on the planet wants Bitcoin

• 🤝 Binance and the SEC come to an agreement

• 🏢 Disgraced co-founder of Terra LUNA, Do Kwon, goes to jail

Got any big questions for me?

BIG MOVERS: THE CHARTS

TODAY’S BIG STORY

BlackRock wants Bitcoin

BlackRock, the world's largest asset manager, has set its sights on Bitcoin! They submitted an application to launch the first spot-Bitcoin exchange-traded fund (ETF) in the US. If approved, this ETF will trade on Nasdaq, with Coinbase Global Inc., the US's biggest crypto exchange, serving as the custodian.

This is like watching a Wall Street giant going all in on a poker hand. If BlackRock's bet pays off, it could be a jackpot moment for the entire crypto industry, mainstreaming Bitcoin in a way we've not seen before. Get your popcorn ready, this is about to get interesting!

Why you should care:

If BlackRock succeeds, this ETF could be a game-changer! I actually talk about BlackRock and other large corporations that are getting in on crypto behind the scenes in my beginner’s guide to crypto investing.

BlackRock officially getting into crypto means opening the doors of the crypto market to traditional investors who've been on the sidelines. More importantly, BlackRock's move signals a strong vote of confidence in Bitcoin, which could further legitimize cryptocurrency in the eyes of the mainstream financial world. Hold on to your hats, folks, this could be a wild ride!

More News…

Binance – still boxing with the U.S. SEC

Binance, one of the largest cryptocurrency exchanges, continues to face legal scrutiny from the The U.S. Securities and Exchange Commission (SEC). The SEC recently accused Binance of operating as an unregistered securities exchange.

The SEC also alleges that Binance has been involved in diverting customer funds and mixing billions of dollars in investor assets, which were then sent to a third party that Binance founder, CZ, also owned.

All in all, let’s just say it’s been a rough last couple weeks for Binance.

Despite these charges, Binance and the SEC came to a court agreement, where Binance can continue to operate in the U.S. as it fights these SEC fraud charges. That’s a nice little win for US Binance users who were on edge when the charges came to light, but Binance still has a ton of work to do.

Why you should care:

This legal drama isn't just a Binance issue - it's sending shockwaves through the entire crypto sphere. Investors are getting nervous, especially after the abrupt downfall of other exchanges like Celsius Network and FTX.

The Binance case highlights the growing regulatory scrutiny in the industry, pushing investors to seek out exchanges with better asset protection. It's a stark reminder that in the wild west of crypto, and it’s why I always suggest you keep you crypto in a wallet you control, and not stored long-term on an exchange.

TODAY'S BIG CRYPTO TIP

Take Control with Self-Custody

In light of the recent Binance debacle, remember the importance of self-custody.

Don't leave your crypto on exchanges longer than necessary. Secure it in a private wallet. After all, if you don't own your keys, you don't own your crypto. Stay safe!

MORE BIG HEADLINES

A Montenegro court sentences co-founder of cryptocurrency firm Terraform Labs (Terra LUNA) to 4 months in prison. The disgraced co-founder came under fire when the LUNA coin crashed in 2021 losing investors billions.

Crypto Exchange Listing and Delisting Announcements: Read More​​.

UK Crypto, Stablecoin Laws Approved by Parliament's Upper House Read More​.

Bitmanu Review Reveals the Benefits of its Crypto Miners Read More​​.

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