🪙 Coins… Bitcoin's price climbed past $30K as four institutional investors including BlackRock filed applications with the SEC to launch bitcoin ETFs. If approved, the spot ETFs would give investors crypto exposure without having to own coins.
📜 Policy… Fed Chair Powell said stablecoins (picture: USDC, tether) are a "form of money" and that the central bank should have a role in regulating them. A House committee is set to vote on a bill detailing stablecoin regs next month.
🤹♀️ Quirky… An NYC crypto miner's in hot water and loving it. Bathhouse, a Brooklyn spa, said it's using heat generated by its bitcoin mining rigs to warm its pools, and cooler water from tubs to chill its mining setup. Talk about a crypto dip.
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