Good morning. Here’s what’s happening:

Markets: Bitcoin started the day promisingly before dropping, but altcoins Terra, Avalanche and Shiba Inu rose.

Insights: Canadian crypto sanctions show how crypto and CBDCs diverge.

Technician's take: Bitcoin tested the $40,000 resistance level on Wednesday before declining.

First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump comes via ChinaTechNews.com.