BitDigest October 1 · Issue #754

• Crypto marketcap trading back over $350 billion on another ‘green’ morning
• Venezuela’s President is looking at use other digital assets, besides Petro, to evade global sanctions
• SEC announces victories against Kik and Salt Lending

Weekly Stock Review

Highlights from the North American listed crypto, blockchain and mining stocks:

• A week after announcing plans to increase its PR efforts, Marathon Patent Group (NASDAQ: MARA) posted the top return this week with a 19.5% price jump
• Hive Blockchain (TSXV:HIVE) announced record production for ethereum and ethereum classic mining (32,000 ETH and 121,000 ETC) during the quarter at an approximate cost of $150 per each ETH
• Ebang International Holdings (NASDAQ: EBON) was approved by Canadian regulators to establish a digital asset exchange
• Galaxy Digital (TSX: GLXY) announced a minority investment in Parafi Capital, a DeFi-focused asset manager
• 3iQ’s Bitcoin Fund (TSX: QBTC-U.TO) received its second exchange listing and will be added to the Gibraltar Stock Exchange (see below)
• The premium to NAV for Grayscale’s Ethereum Trust (OTCQX: ETHE) and Ethereum Classic Trust (OTCQX: ETCG) both fell 59% this week.
• Grayscale’s Digital Large Cap Fund (OTCQX: GDLC) had the largest price decline sliding 41.2%; it’s premium to NAV dropped 65%.
• Bitcoin’s 7-day return was 5.5%.

The Headlines

Exchange, Custody and Product News

Thoughts on the Ecosystem