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The Crypto Catch-Up…

Snacks / Friday, July 07, 2023

😰 Stressin’… A new report suggested that crypto-related job openings in major US cities were down as much as 80% from their highs in 2021 and ’22, when hotspots including Miami and NYC sought to become crypto hubs as bitcoin prices soared.

🌶️ Spicy… Taylor Swift had reportedly agreed to a $100M promo deal with FTX before the crypto exchange backed out. Investors are suing celebs including Tom Brady and Larry David over their roles in promoting the now failed company.

🪙 Coins… The price of bitcoin no longer seems so tightly correlated with US stocks. For some of last year, the OG crypto traded in parallel with tech stocks as investors and pundits declared the "digital gold" narrative dead.

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