Cryptoverse

Well, despite the turn in the calendar to the back half of 2022, little seems to have changed so far to assuage fears over contagion in the cryptoverse.

Source: wiktionary

James Butterfill, head of research at CoinShares, warned it was also too early to call a major divergence in crypto. Indeed, bitcoin's shadow still looms large over the sector, with its share of the total crypto market capitalization up slightly to 40%, from 38% at the start of the year. ¶ But on the other hand, Butterfill said such departures could be a potential sign of the cryptoverse growing up.

Source: wiktionary

About a dozen firms, including the crypto asset manager Grayscale Investments and fund giants like BlackRock and Fidelity, have applied to the agency in recent months to begin offering customers a so-called spot Bitcoin E.T.F. Bitcoin has climbed more than 170 percent in the past year on hopes the agency will greenlight the E.T.F.s, bringing crypto trading further into the mainstream. ¶ The cryptoverse is confident, despite a decade of denials.

Source: wiktionary