'Looksmaxxing' Trend Spawns $100M Gray Market Fueled By Bitcoin, Stablecoins: Chainalysis
Hex37's read
- A $100M gray market for peptides has emerged.
- The trend is driven by "looksmaxxing" online.
- Crypto, mainly Bitcoin and stablecoins, fuels this market.
What it means for traders
- Increased crypto usage in gray markets highlights adoption beyond traditional finance.
- Observe potential regulatory scrutiny on crypto transactions linked to unregulated goods.
Affected markets
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