GM Brew Crew, we are like Messi on a free kick with the game on the line. We just don’t miss. Top corner where your mommy keeps the chocolate chip cookies. Let’s dive in ⬇️

On the menu today:

• 😬 PRIME TRUST FILES FOR BANKRUPTCY

• 🚨 GRAYSCALE BITCOIN ETF COULD HAPPEN SOON

• 🐝 WEB3 GAMING IS BUZZING

Today’s Charts:

😬 PRIME TRUST FILES FOR BANKRUPTCY

Prime Trust, a financial technology company headquartered in Las Vegas and focused on crypto custody, filed for Chapter 11 bankruptcy protection on Monday.

Prime Trust has stated it is collaborating with a range of 25,000 to 50,000 creditors and dealing with liabilities that could amount to as much as $500 million.

In June, Nevada had issued a cease and desist to Prime Trust after it became apparent that the crypto custodian company could not fulfill customers’ withdrawals.

There is some debate within the community as to whether this was a case outright corruption (Ponzi-style 💇‍♂️) or a poorly run business.

Either way, something caused BitGo to flee and shred its preliminary agreement to acquire the Prime Trust company back in June.

If only someone could’ve warned us a year ago the direction Prime Trust was headed…⬇️😬

🚨 GRAYSCALE BITCOIN ETF COULD HAPPEN SOON