Significant Victory For Voyager & Binance

GM Readers!📪 It's BitDegree Insider, and let's see what's good.

⭐️Today's selection:

• 🗞Voyager's Good News For Binance
• 💸Amazon Enters NFT Game
• 🧋Wednesday Bubbles
• 👌Selected Meme of The Day
• 📰Bite-Sized News

VOYAGER DIGITAL'S GOOD NEWS FOR BINANCE

Voyager Digital, the bankrupt crypto lender, has just scored a major win in its ongoing battle for financial stability… it is also a win for US department of Binance!

A federal judge has granted the bankrupt cryptocurrency lender approval to sell over $1 billion of its assets to Binance.US.

This ruling comes after a grueling four-day legal battle between Voyager and the United States Securities Exchange Commission (SEC), and it's sure to turn the heads of crypto enthusiasts around the world.

The SEC had argued that the transaction between Voyager and Binance.US would violate U.S. securities laws…

However, Judge Michael Wiles rejected these claims, stating that he could not put the entire case on hold while regulators figured out whether there were any problems with the deal.

While the Interagency Committee on Foreign Investment in the United States could still potentially derail Voyager's restructuring plan, the judge's ruling is a significant step forward for the company as it strives to leave its financial troubles behind.

The judge's decision, while not a complete victory, is a significant win for the company and its customers, as well as for Binance.

Binance CEO CZ must be feeling powerful right now, after being accused just two days ago by an ex-SEC lawyer of being a "shadow bank that issues its own fake currency" and by the WSJ of cheating US regulators for years.

But now, the FUD has been eradicated, at least for the time being, until new accusations come along.

TL;DR: A federal judge has granted the bankrupt cryptocurrency lender approval to sell over $1 billion of its assets to Binance.US.

AMAZON IS ABOUT TO LAUNCH NFT MARKETPLACE

Amazon, the e-commerce giant, is set to launch its own NFT marketplace on April 24th.

The marketplace will be accessible through the Amazon Digital Marketplace tab on the company's website, which will initially only be available in the United States before opening up to the rest of the world.

The platform will offer 15 NFT collections, with a focus on blockchain-based games that reward NFT players.

The announcement of the Amazon NFT marketplace has generated excitement and speculation about the potential growth of the NFT market.

With more than 310 million active customers worldwide, even a small percentage of Amazon's user base showing interest in NFTs could significantly boost the industry's growth.

However, some are skeptical about the success of the marketplace.

The public's attitude towards NFTs has not changed much in recent months, and many doubt that Amazon's daily users will be interested in buying JPEGs for thousands of dollars.

Additionally, previous onboarding events, such as Coinbase NFT, have failed to live up to expectations and have not significantly impacted the NFT space.

Despite the skepticism, the launch of the Amazon NFT marketplace is still viewed as a positive development for the industry.

Amazon is a trusted retailer with a reputation for making the buying process intuitive and prioritizing customer service.

By offering NFTs on a platform that customers trust and are familiar with, NFTs may gain a new layer of legitimacy, becoming a more mainstream part of people's lives.

In a recent statement, Amazon CEO Andy Jassy expressed his confidence in the growth of NFTs, saying, "I expect NFTs to continue to grow significantly. It's possible that Amazon integrates crypto payments."

While the launch of the Amazon NFT marketplace may not 10x anyone's NFT bags overnight, it could be a significant step towards the mainstream adoption and acceptance of NFTs.

TL;DR: E-Commerce giant Amazon is about to launch their own NFT marketplace next month.

WEDNESDAY BUBBLES

Well, well, well... Today we enter the RED ZONE.

What's up?

During a recent speech, Federal Reserve Chairman Jerome Powell indicated that the Fed may accelerate rate hikes and raise the peak rate higher than previously expected.

This news caused concern in the market, with Goldman Sachs increasing their peak rate forecast to 5.75%, and Blackrock suggesting that the Fed could raise rates up to 6%.

The current downturn in the market due to concerns about potential rate hikes may already be priced into the market.

This could mean that the actual reaction to the rate hike may not be as severe as initially anticipated. Additionally, if the expectations of a rate hike are not justified, the impact on the market could be positive, with investors willing to buy assets previously sold.

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

• Social Media Network and Payment App WeChat Now Supports Digital Yuan Payments. It's taking over.
• Despite Crypto Winter, 89% of American Investors Trust Crypto Custodians. Well, let's hope we ain't approaching any more ice bergs like the FTX one.
• Crypto Exchange Binance Expands the Token List on its Proof of Reserve System. The A-listers, assemble!