BitDigest May 26 · Issue #910

• Bitcoin re-breaks $40,000 as ether eyes $2,900 to lead second day of market recovery
• The White House has been meeting with top officials to discuss regulatory ‘gaps’ and potential risks associated with digital currencies
• The central banks of Indonesia and South Africa announced further efforts to formulate plans to issue CBDCs

A Win for Readers of BitDigest

Friday is the last day I will be sharing BitDigest with many of you. I occasionally like to change what I am doing with this daily letter and together with Fundstrat have decided to no longer circulate BitDigest to Fundstrat’s clients. 

This is bittersweet as I have enjoyed being a contributor to their team. I have been a Fundstrat client for several years and have no plans to change this relationship, but after nearly a year-and-a-half, it’s time to take BitDigest in another direction. 

The good news is that Fundstrat is planning to return to publishing their own Daily Crypto Report, and for the first time, I will be opening up BitDigest to allow current readers who do not receive BitDigest directly from me to be added to my daily distribution at 7AM every weekday morning.

So if you would like to be added please sign up to continue receiving your morning update of government and corporate crypto news. If not, thank you for sharing your mornings with me, I hope these updates brought you some new insight into the evolving world of digital currencies and blockchain technology. The best is yet to come!

“Long the Metaverse,” a NFT Gallery

As part of this year’s virtual New York Crypto Week, Consensus developed an exhibition of leading crypto artists. This is a great experience for anyone interested in NFTs – digital art and for a first-time visitor to the Metaverse.

If you want to attend, simply select your gallery: Room 1, Room 2, or Room 3, choose your avatar, decide if you wish to use your microphone to communicate with other visitors (not surprising, there were none at 4:40 this morning), and enter the gallery. 

For the gaming inept viewer, use the W-A-S-D keys to go forward, left, back and right and use the Q and E keys to rotate left and right. You can also visit on a mobile phone using your fingers to help traverse the gallery. If you still cannot figure out how to access the site or move around the room, ask the youngest person in your office. I am sure they will be able to assist.

The Headlines

Exchange, Custody and Product News

Thoughts on the Ecosystem

🅱️I typically summarize tweets and commentary, but the following chain by global macro investor and Real Vision Group founder Raoul Pal on the latest crypto sell-off deserve to be shared as tweeted:

Daily Cartoon