The institutional crypto news of the week was Goldman Sachs and Mike Novogratz both being investors in the $58.5M dollars Series B funding round of BigGo. BitGo is a fully-regulated cryptocurrency custodian holding $2B in cryptocurrencies for institutional investors and transacting 15 billion dollars a month. Goldman Sachs is the most emblematic firm of Wall Street, so people have been speculating for months when the company will finally enter crypto. And while this is not the crypto trading desk we are all waiting for, it shows Goldman is indeed taking crypto seriously.

The anonymous person (or group) behind the Twitter handle Bitfinexed gave a long interview to Modern Consensus. In my opinion, Bitfinexed did a great service to the crypto industry with his with work around Tether, but I also think recently he's becoming a victim of his own tunnel vision.

And Tether might not be around for too long anyway. Hasu, an independent blockchain researcher just published an article about how Tether is exiting the market, and while I don't agree with everything he says, I find his scenario plausible or even likely. It's not that difficult to grasp and it makes a lot of sense.

You can, if you coordinate between all the big actors, let Tether gracefully retire. Tether is a device of mutually assured destruction, and we better pray the big actors succeed.