The Tether situation is stabilizing a bit. Tether exchanges still trade at a markup above Bitstamp and Coinbase, and Tether is still trading at 95 cents to the dollar, but the immediate collapse has been postponed or avoided, depending on your point of view. Today is going to be an exciting day as Bitfinex is going to reopen fiat deposits.

The biggest news of yesterday came from Fidelity. Fidelity is a household name in the States knows for its 401k offerings and retail brokerage. Yesterday they have announced launching their new digital assets business, cryptocurrency custody and brokerage. Custody is launching with Bitcoin and Ether for the time being, but other assets are in the plans. The brokerage service will initially focus on institutional clients and asset managers.

When the announcement live on Medium, Fidelity made a rookie mistake. Right in the first sentence, they referred to the inventor of Bitcoin as Satoshi Minamoto. I am not sure I've ever heard of this guy.

Crypto is just another business, where your success depends on if you can make other people believe in it. No one knows this better than Justin Sun, the CEO of TRON.

Turns out, the partnership with Baidu is nothing more than TRON buying cloud servers. Well done Justin, that was a good one.