Crypto Update 7/21/21 | Blockchain or Blockbuster? The Choice Facing Financial Incumbents

With the crypto markets rebounding into the green and a look at the existential challenges blockchain technology presents to traditional finance, CoinDesk’s Markets Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by Kava and Nexo.io. Today's Stories: Stock Futures Point to Dow Extending Rebound Oil Rises With Strength in Equities Countering Higher Stockpiles European stocks jump as investors brace themselves for further European Central Bank stimulus US housing inflation: the sleeping giant that might tip the Fed’s hand Central banks and wealth funds going greener and more activist Bitstamp Adds Support for Tether’s Euro-Backed Stablecoin Amid Increasing Demand Bank of America Is Clearing Crypto exchange-traded products (ETPs) for Hedge Funds in Europe Digital Yuan Insurance Policies Land in Shenzhen Canada CBDC 'Probably Necessary' for Competition, Central Bank Says in a new Paper EU Policymakers Propose Tighter Regulation of Crypto Transfers Institutional Demand for Bitcoin Remains Weak BNY Mellon Follows State Street in Backing Soon-to-Launch Crypto Trading Platform FTX Crypto Exchange Valued at $18B in $900M Funding Round US Patent Granted to Stablecoin Concept Backed by Government Debt Viridi Funds Launches ETF Focused on Cleaner Energy Crypto Miners MakerDAO Moves to Full Decentralization; Maker Foundation to Close in 'Months' Georgia to Put Its Wine on the Blockchain Featured Story: Blockchain or Blockbuster? The Choice | Jerald David - Kava lets you mint stablecoins, lend, borrow, earn and swap safely across the world’s biggest crypto assets. Connect to the world's largest cryptocurrencies, ecosystems and financial applications on DeFi’s most trusted, scalable and secure earning platform with kava.io. - Nexo.io lets you borrow against your crypto at 6.9% APR, earn up to 12% on your idle assets, and exchange instantly between 100+ market pairs with the tap of a button. Get started at nexo.io.