On the most recent episode of The Market Report, Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory towards the US Securities and Trade Fee. Although there’s nonetheless no choice concerning the agency’s utility for a spot Bitcoin (BTC) exchange-traded fund, the choice was favorable for Grayscale and its Grayscale Bitcoin Belief, which has over $16 billion in belongings underneath administration.

Subsequent, Pechman discusses the affect of Chinese language actual property big Evergrande’s chapter and questions why it took nearly two years to announce the corporate’s incapability to repay its debt. In line with The Kobeissi Letter, it appears associated to China’s latest sudden reduce in rates of interest.

Pechman reminds viewers that China not too long ago introduced a number of measures to stimulate the inventory market. In the end, he agrees that an eventual collapse of the Chinese language markets can be unfavourable for risk-on belongings, together with shares, cryptocurrencies and commodities.

Nonetheless, Pechman argues that in a separate motion, perhaps one to 10 months later, there could possibly be a shift towards Bitcoin as buyers notice they’re being diluted by the federal government’s incapability to maintain itself with out injecting liquidity, which may gain advantage cryptocurrencies.

Lastly, Pechman explains what occurred to the 16 trillion Pepecoin (PEPE) tokens reportedly stolen and provides recommendation on how one can keep away from getting rug-pulled on altcoins. For additional insights into all of those issues, tune in to the most recent episode of The Market Report, solely obtainable on the newly launched Cointelegraph Markets & Analysis YouTube channel.