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I Underestimated Just How Many Subpoenas I Would Get

The number of subpoenas early crypto companies got from misinformed government agencies was "staggering," says Bloq's Steve Beauregard.

Updated Sep 13, 2021, 9:13 a.m. Published May 19, 2019, 11:30 a.m. 1 min read
Steve Beauregard

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ETFs (Markus Winkler/Pixabay, modified by CoinDesk)

The S&P 500 posted its longest weekly winning streak since 2023 and Brent oil stabilized near $92 on US-Iran ceasefire hopes. The biggest cryptocurrencies still drifted lower, with Hyperliquid's HYPE the only major name to rally.

What to know:

  • U.S. stocks and oil rallied, with the S&P 500 logging a ninth straight weekly gain and Brent crude hovering near $92 a barrel on hopes for a U.S.-Iran ceasefire extension.
  • Major cryptocurrencies lagged the macro rally, with bitcoin, ether and other large-cap tokens falling around 2% to 6% amid cooling...