BitDigest October 8 · Issue #759

• Crypto prices flat over 24-hours with the median price slipping 0.21%
• The Bank of Korea intends to begin distributing its digital currency as the final step of its pilot program by next year
• The US Treasury is studying the digital dollar and expects to make a final decision based on input from the Fed

Weekly Stock Review

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

• Grayscale Digital Large Cap Fund (OTCQX: GDLC)  gained 21% posting the highest return of the North American publicly traded firms driving its premium to NAV by 57%
• Canaan (NASDAQ: CAN) announced a new share repurchase program committing up to buy back up to $10 million shares
• Riot Blockchain (NASDAQ: RIOT) has purchased an additional 2,500 next generation Antminers from Bitmain for $6.1 million
• Hong Kong based digital currency exchange Diginex (NASDAQ: EQOS) began trading on NASDAQ following its successful combination transaction through a special purpose acquisition company; it was added to the weekly update (above)
• Reality Shares Nasdaq NexGen Economy ETF (NASDAQ: BLCN) announced the passive fund may be acquired by SRN Advisors
• Grayscale’s Litecoin Trust (OTCQX: LTCN) fell 16% for the largest decline of the week
• The price of bitcoin (BTC) declined 1% over the 7-day period

🍿a16z Premiering Documentary About Crypto Startup School

Andreessen Horowitz is releasing a behind the scenes documentary (here is the trailer) to its 14-part Crypto Startup School series that that follows several students as they develop their projects and face challenges that are familiar to every founder against the backdrop of the COVID-19 pandemic. The documentary premieres tonight at 8 pm eastern and can be viewed on a16z’s Twitter and Youtube channels or by following this link.

The Headlines

Exchange, Custody and Product News

Thoughts on the Ecosystem