Most Important Daily
Data and News for Digital Assets |
 |  | Crypto Daily Report The Most Important Daily
Data for Digital Assets |
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| Daily Updates from FSInsight | June 3, 2022 |
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- The crypto market is down 1.7% over the past 24 hours, shedding $21B in market cap and currently sitting at $1.22T. Over the past five days, BTC has been up about 3%, while it's down 21% over the past month. ETH has noticeably underperformed, being up less than 1% over the past five days while being down nearly 37% over the past month. As mentioned yesterday, this has caused Bitcoin dominance to reach a multi-month high.
- Japan's parliament passed legislation setting a legal framework for administering stablecoins. The legislation states that stablecoins may only be issued by banks and other established financial institutions. Stablecoins also must be redeemable at face value. The legislation follows a similar proposal by the US Federal Reserve to limit stablecoin issuance to federally insured banks.
- The New York State Senate has passed its Bitcoin mining moratorium, which would halt the approval of any new proof-of-work mining operations in the state. It would also stop the renewal of licenses to current mining operations. If approved by the Governor, New York would become the first state to implement a moratorium on crypto mining.
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| Daily Technical Strategy - Mark Newton, CMT | | While most Cryptocurrencies have merely consolidated last week's sharp gains and remain in good technical shape, SOLUSD has pulled back to the lowest closing levels of the year this week. This might be attributed to Solana's multiple outages of late, but it's notable that volume was the highest of the week during a positive session Thursday, and remains far lower than its spike back on May 12 when it bottomed near $35 before pushing back to reverse most of the early losses. This spike low should now translate into an attractive area to consider buying dips as support and at $38, closing near the lows of Friday's session likely leads down to 35 before attempting another bottom. Momentum is nearing oversold levels on daily and weekly charts and technically I expect SOL to try to make a stand in the days ahead and attempt a reversal. | |
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| Daily Important Metrics | | Sentiment 
Crypto Size Bearish Signal Bullish signal is tied to the crypto market growing Market Cap $1.22T $-21.0B (-1.69%) BTC Dominance 46.35% (+0.59%) | Stable Coins Bullish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $73B (+0.00%) In Exchanges $10B (-1.08%) | Stablecoin Supply Ratio Bearish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 3.77 (2.25%) SSR Oscillator -1.20 (-4.67%) | Funding Rate Bearish Signal Positive funding rates indicate traders are Bullish Bitmex -0.0145% (-25%) Binance -0.0033% (-12%) |
| BTC Metrics Bullish Signal A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.5M (-0.45%) | Futures CME Bearish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $29,455 (-2.60%) Spot Basis $-147 (-0.50%) Volume 7,159 (-16%) Open Interest 11,342 (-1.11%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 49.00 (-67%) Open Interest 2,410 (1.35%) Calls CME No Signal Calls Volume 2.00 (-92%) Calls Open Interest 1,106 (0.00%) Puts CME Bearish Signal Puts Volume CME 16.00 (-85%) Puts Open Interest 1,304 (2.52%) |
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| | All metrics as of June 3, 2022 9:10 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| BTC | $564B | $29,602 | -1.27% | -37% | | | ETH | $212B | $1,753 | -3.85% | -53% | -16% | | ADA | $19B | $0.5527 | -3.62% | -58% | -22% | | SOL | $13B | $38.01 | -6.93% | -78% | -41% | | DOGE | $11B | $0.0799 | -2.02% | -53% | -17% | | DOT | $9.2B | $9.27 | -2.99% | -66% | -29% | | MATIC | $4.6B | $0.5822 | -3.86% | -77% | -40% | | LINK | $3.2B | $6.77 | -2.92% | -66% | -29% | | HNT | $987M | $8.30 | -3.41% | -78% | -41% | | FTM | $903M | $0.3550 | -3.54% | -84% | -47% | | Our Deep Research Projects | | AVAX | $6.4B | $22.73 | -4.37% | -79% | -42% | | IOTA | $956M | $0.3441 | 0.91% | -75% | -38% | | ZIL | $630M | $0.0489 | -2.79% | -36% | 1.17% | | AMP | $481M | $0.0114 | -3.51% | -77% | -40% | | VGX | $320M | $1.15 | 23% | -61% | -25% | | ZEN | $246M | $19.74 | -3.60% | -68% | -31% |
All prices as of June 3, 2022 9:10 AM |
| Exchanged Traded Products (ETPs) | |
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| Symbol | Premium to Nav | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| GBTC | -29% | $19.95 | 2.47% | -42% | -4.96% | | BITW | -26% | $15.09 | -0.72% | -60% | -24% | | ETHE | -34% | $12.05 | 0.75% | -63% | -26% | | QBTC | -2.23% | $31.48 | -0.32% | -48% | -12% | | BTCC | -0.02% | $5.64 | 0.53% | -35% | 2.22% |
All prices as of June 3, 2022 8:05 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to date | Relative to BTC YTD |
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| PYPL | $216B | $88.32 | 7.08% | -53% | -16% | | SQ | $76B | $87.44 | 6.75% | -46% | -9.07% | | COIN | $65B | $73.82 | 7.56% | -71% | -34% | | SBNY | $18B | $220 | 3.90% | -32% | 4.83% | | HOOD | $15B | $9.70 | 3.52% | -45% | -8.59% | | MSTR | $6.1B | $244 | 2.65% | -55% | -18% | | SI | $4.2B | $79.64 | 11% | -46% | -9.47% | | MARA | $3.5B | $9.34 | 1.30% | -72% | -35% | | RIOT | $2.7B | $6.87 | 5.37% | -69% | -32% | | VOYG.TO | $1.5B | $3.18 | 3.58% | -80% | -43% | | VYGVF | $1.2B | $9.39 | 0.97% | -25% | 12% | | MOGO | $223M | $1.38 | 11% | -60% | -23% |
All prices as of June 3, 2022 8:01 AM |
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| | | | FTX surpassed coinbase in BTC volume for the first time since May processing a record-high number of transactions as we can see more today In our latest cryptocurrency news. The discrepancy in trading volume versus the number of trades shows that the... |
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| | | | New York Attorney General Letitia James has issued an investor alert against "risky cryptocurrency investments," citing the assets' volatility. |
| | | Calls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. Both government regulators and representatives of the financial sector insist that the industry needs regulation to prevent the use of c... |
| | | Japan passes stablecoin bill for investors’ protection and the legal framework will take effect in a year as we can see more today in our latest cryptocurrency news. Japan’s parliament passed a legal framework around stablecoins and provided a safety... |
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| | | | Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in comp... |
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| | | | On Thursday, Warner Bros. announced it was collaborating with the non-fungible token (NFT) focused social media platform Nifty’s and at the end of June, the two firms will launch a story-driven NFT collection called “Looney Tunes: What’s Up Block?” T... |
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| | | | The country’s main electricity producer has issued a general invite for Bitcoin miners looking to take advantage of its renewable energy facility near the capital, Nairobi. |
| | | Who’s putting his money where his mouth is? Mr. Wonderful AKA Kevin O’Leary is. As one of the main proponents of the industry’s need for green bitcoin mining, Mr. Wonderful invested in Bitzero. And now they’re announcing that Bitzero will build its N... |
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| | | | Binance's VC arm has lost two veteran employees, The Block has learned. The post Binance Labs loses top two executives appeared first on The Block. |
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| | | | Some crypto companies appear unfazed by the bear market and are even expanding, while others face contractions and staff layoffs. |
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