We find the most important headlines in digital assets for the week and give you our take. This week’s themes were institutional adoption and regulation, here are your headlines for July 12th, 2021:

Elizabeth Warren Prods SEC To Regulate Crypto Exchanges

Synopsis: The Massachusetts Democrat says in a letter to the Chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, that cryptocurrency exchanges should be regulated similarly to securities exchanges.

Theme: Regulation

Our Take: Regulation needs to happen, but it needs to take into account the unique aspects of crypto markets.


82% of Institutional Crypto Investors Expect to Increase Market Exposure

Synopsis :Approximately 8 out of 10 wealth managers and institutional investors from the US, France, Germany, the UAE, and the UK said they would enhance their crypto exposure between now and 2023. 40% of them plan to “dramatically increase their holdings.”

Theme: Institutional Adoption

Our take: While institutions have increased their cryptocurrency holdings over the past few years, their crypto asset allocation is still a small proportion. We believe it is only natural for the allocation to increase as the space matures.


Bank of America Establishes Crypto Research Team

Synopsis : A new team at the second-largest bank in the United States will reportedly be devoted entirely to researching cryptocurrencies. Alkesh Shah from Bank of America’s data and innovation strategy group will lead a digital assets group. He along with Mamta Jain and Andrew Moss of Bank of America Merrill Lynch’s digital innovation group will be reporting to Michael Maras, who reportedly oversees global currencies and commodities research.

Theme: Institutional Adoption

Our take: While some banks have jumped into the water by offering exposure via futures, other banks are being more conservative and looking at the broader space.


Crypto Exchange Bullish to go public in SPAC deal

Synopsis : Bullish, a cryptocurrency exchange backed by Peter Thiel, announced it’s going public in a merger with  Far Peak Acquisition in a deal valued at $9 billion.

Theme: Mergers and Acquisitions

Our take: While this isn’t the first time that an exchange has gone public through a reverse merger, anything with Peter Thiel attached generally increases the exposure.


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