BitDigest September 16 · Issue #743
- Bitcoin dominance increases to several week high as leading digital currency is only top coin by marketcap posting a positive return over 24-hours
- Bahamas will release the Western Hemisphere first digital currency across its 700 islands next month
- India’s forthcoming crypto laws expected to ban digital currency trading
The Headlines
Bahamas Rolling Out Sand Dollars in October
India's Crypto Laws May Ban Trading
EU Draft Proposes Laws for Crypto Assets
China’s Blockchain Service Network Adding More Blockchains
MSBs to Have Single Set of State Licensing Regulations
Bank of France to Test Interbank CBDC Settlement on Tezos
MSTR Buys Additional $175 Million in Bitcoin
You Can Now Pay for CryptoKitties with USDC
BitPay Moves to Permanent Virtual Office
Market Data
Bakkt Trades New High in Bitcoin Futures
Exchange, Custody and Product News
Binance.US Opens Trading in Georgia
Kraken Adding More Assets to Exchange
Thoughts on the Ecosystem
Crypto Moms Argues Against Conclusion in Unikrn Settlement
Privacy Coins Can Comply with AML Obligations
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 -0.68% rising 2.84% to $67.1k and ETH -1.11% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO -2.40% and PENDLE -2.61% 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 -0.68% is trading just north of $65k, while ETHBTC continues to struggle, with ETH -1.11% 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 -1.56% 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 -0.68% ...
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...
