BitDigest April 5 · Issue #873
- Bitcoin dominance falls to lowest level in months as ethereum contracts from new all-time-high
- Japan begins digital yen experiments and Thailand announces plan to start tests of retail CBDC next year
- Coinbase to direct list on Nasdaq on April 14th
The Headlines
Thai Central Bank to Test Digital Baht Next Year
Japan Begins Phase One of CBDC Experiments
Russian Planning Dual Tier Digital Ruble System
Bitcoin's Price Could be Driving Interest in DCEP
Abkhazia Plans to Criminalize Crypto Mining
Crypto Scams Increasing Across UK
Chinese Province Unveils Blockchain Development Program
Former Chainalysis Executive Named Acting Director of FinCEN
Court Authorizes John Doe Summons on Circle and Poloniex
DOJ Files to Serve John Doe Summons on Kraken
Coinbase to Begin Trading April 14th
Future Fintech Acquire Chinese Mining Farm
Morgan Stanley Providing Institutional Funds with Bitcoin Exposure
Market Data
Bitcoin Difficulty Hits New High
Q1 Crypto M&A Exceeds Total Activity in 2020
Thoughts on the Ecosystem
Bitcoin's Regulatory Environment will Evolve
Declining BTC Volatility Seen as Market Driver
Reports you may have missed
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 BTC0.55% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC0.55% continued its upward trend over the weekend, now trading just below $66k. ETH2.60% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL2.58% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC0.55% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH2.60% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL2.58% has shown remarkable resilience amid the turmoil, now...
Tether Outlines New Organizational Structure, Aptos Partners with Microsoft, Brevan Howard, and SK Telecom
Traditional markets are finding some relief in Thursdayâs trading after four consecutive sessions of losses. The SPY and QQQ have gained approximately 0.30%, while the IWM (+0.99%) is showing outsized gains. Crypto markets are finding larger relief, with $BTC rising 3.92% to $63.7k, and $ETH gaining 2.71% to exceed $3,050. Injective ($INJ) is one of the leading tokens today, gaining 9.37% following news of a partnership with JamboPhone to bring blockchain-powered financial solutions to emerging markets. JamboPhone...
