BitDigest April 21 · Issue #885
- Crypto prices stabilize as marketcap unchanged over 24-hours
- Ukraine passes draconian law requiring citizens to disclose crypto holdings
- Venmo adds crypto to payments platform
The Headlines
Ukraine Passes Law Against Citizens Hiding Digital Currencies
China Should Not Rush Into Digital Yuan for Cross-Border Payments
Crypto Tax Bill Being Drafted in Senate
Will the World’s First Ether ETF Please Stand Up
HIVE Completes Share Swap with DeFi Technologies
Venmo Adds Crypto Trading Support
WeWork to Accept Crypto Payments
Diem Looking to Launch Pilot in 2021
TradeBlock Rebrands Indexes Under Coindesk Name
Mergers & Acquisitions
Galaxy Rumored to Buy BitGo
Exchange, Custody and Product News
Gemini AUC Reach $25 Billion Level
Thoughts on the Ecosystem
FATF Needs Different Approach to Address Illicit Activity Across DeFi
Digital Yuan Not Ready to Replace USD
Bitcoin Still Has Room to Run
Daily Comic
Reports you may have missed
MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE DXY 0.00% (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with BTC 1.06% rising 2.84% to $67.1k and ETH 2.27% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO 3.42% and PENDLE 8.61% have gained 10.11% and 13.43%, respectively. Similarly, layer-2...
CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC 1.06% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 2.27% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 2.16% works to regain the $160 level....
MARKET COMMENTARYINVESTORS WELCOMED THIS MORNING’S SLIGHTLY SOFTER THAN EXPECTED CPI DATA AND A LARGE DOWNSIDE MISS ON U.S. RETAIL SALES, ALLEVIATING INFLATION CONCERNS AND HELPING TO PROPEL STOCK INDICES TO NEW INTRADAY ALL-TIME HIGHS. The SPY 0.14% and QQQ -0.07% have gained over 1% to surpass $528 and $451, respectively, while US treasury rates have turned significantly lower, with the US10Y dropping below 4.34%. Crypto is responding in similar fashion with BTC 1.06% ...
Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils
CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 0.14% has gained 0.17% and the QQQ -0.07% has gained 0.31%. Crypto assets are...