BitDigest June 26 · Issue #688
- Bitcoin is flat this morning, but today’s $1 billion in BTC options expiry could lead to a sudden market move
- Once a crypto cynic, the BIS’ Coeure now sees great learnings from China’s experience with digital currencies
- Monaco passes digital currency bill
The Headlines
China Blazing the Trail with DCEP
Monaco Building Defi Focused Framework
Malta Heading to FATF Gray List
Russia's Blockchain Voting System Not Operating as Intended
Venezuela Passport Office Disables Bitcoin Payments
Abramoff Pleads Guilty in Crypto Case
SEC and Telegram Reach Final Settlement
Ebang Prices Stock at $5.23 Ahead of Trading Today
ISIS Moving to Monero
DOE Asked to Block Sales of Energy to Canadian Miner
AMD and ConsenSys Developing GPU Date Centers
Exchange, Custody and Product News
Bitfinex Launches Peer-to-Peer Data Streaming Platform
Thoughs on the Ecosystem
Europe Can Strengthen International Standing with Position on Digital Currencies
Token Issuers Need to Provide Greater Transparency
Reports you may have missed
Major equity indices are rallying on the back of solid earnings, with both the $SPX and $QQQ up over 1%. Meanwhile, crypto markets are churning lower, which is understandable as we should not expect crypto to rally alongside equities during an earnings-driven market. Crypto remains an apparently undecided market ahead of next week's FOMC meeting and the Quarterly Refunding Announcement (QRA), evidenced by another day of ETF outflows and a...
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop in META following its Q1 earnings release. Crypto markets are faring better, with BTC -2.19% (-0.28%) trading at $64k and ETH -0.71% ...
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with $RIOT, CLSK, and $MARA showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC -2.19% ...
