Happy Tuesday!

Wealthy people are getting increasingly interested in cryptocurrencies and are looking for crypto advice — but why are they unhappy with their advisors?

‘Big Short’ investor Steve Eisman warned that JP Morgan and Wells Fargo are dominating the US banking landscape and squeezing regional banks: why is that dangerous?

Plus, geopolitical tensions, energy disruptions and inflation are creating new market dynamics. Join Matt Maley this Wednesday at 6 p.m. ET to learn how he’s positioning for these forces as we head into July.

Reserve your spot now.

TOP STORY

Wealthy Investors Want Crypto Advice But Doubt Their Advisors’ Experience: Report

A growing number of affluent investors are turning to financial advisors for digital asset guidance, but many are skeptical about whether their advisors have sufficient crypto expertise, according to a new study by CoinShares.

The survey, which polled 500 wealthy U.S. investors, reveals a clear appetite for digital assets across wealth tiers, but also a persistent credibility gap.

While 82% of respondents said they would be more inclined to work with a financial advisor who offers crypto-related investment advice, nearly a third flagged major concerns about the depth of advisors’ personal experience and risk transparency when it comes to digital assets.

What else did the report uncover?

Read the full scoop here.

SPECIAL OFFER

How Matt Maley Is Trading The Market’s Shifting Forces—Live Wednesday At 6 PM ET

Geopolitical tensions, energy disruptions and inflation are creating new market dynamics. Join Matt Maley this Wednesday at 6 PM ET to learn how he’s positioning for these forces as we head into July. Matt will share how he’s trading the current volatility, which sectors he’s focused on and the real trade setups he’s targeting to capitalize on this evolving macro environment.

Reserve your spot now—this is your chance to trade with a Wall Street veteran.

QUICK N DIRTY

Bitcoin, Ethereum, XRP and Dogecoin are consolidating after a strong rebound following the Iran-Israel ceasefire. Where’s the market headed next?

Goldman Sachs is getting its beak wet in the crypto game with a $135 million raise. Who and what is the firm funding?

Shiba Inu is reporting surging burn rates of over 500% again — what’s going on?

FINTECH FOCUS

'Big Short' Investor Eisman Warns JPMorgan, Wells Fargo Domination Squeezes Regional Banks

Steve Eisman, the investor widely known for his role in shorting the subprime mortgage market before the 2008 financial crisis, says the U.S. banking landscape is increasingly consolidating into the hands of a few large banks.

Speaking on a financial podcast on Monday, Eisman highlighted the growing concentration of deposits among major institutions like JPMorgan and Wells Fargo, which he said are steadily dominating the American banking sector.

Why is that?

Read the full scoop here.

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