BitDigest February 18 · Issue #844
- Bitcoin and ether continue to lead crypt market cap over $1.5 trillion market cap
- Users of the Bahamiandigital Sand Dollar can now transact the digital currency on the Mastercard network
- Sweden continues to pilot new solutions for the e-krona as a companion to cash
Weekly Stock Review
The Headlines
Mastercard Partners with Sand Dollar
Riksbank Piloting Solution for e-Krona
Dubai Allows Trade Licenses and Visas to be Paid in Crypto
Ebang Launching Mining Business
Bitwise Introduces DeFi Trust
Coinbase Being Valued at $77 Billion Ahead of Public Listing
MicroStrategy Upsizes Round and Eliminates Coupon
Another Tea Company Getting into Blockchain
Robinhood Will Allow Crypto Deposits and Withdrawals
Motley Fool Adding Bitcoin to Balance Sheet
BlackRock Dabble in Bitcoin
Coinbase Behind Tesla’s Bitcoin Purchases
Thoughts on the Ecosystem
Yabada-Bitcoin
Dave Portnoy No Longer a Bitcoin Fan
Reports you may have missed
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop in META following its Q1 earnings release. Crypto markets are faring better, with BTC0.59% (-0.28%) trading at $64k and ETH0.22% ...
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins on Solana, are showing resilience, up 12% and 6%, respectively. Additionally, $HBAR initially doubled in price following reports that Blackrock...
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 BTC0.59% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC0.59% continued its upward trend over the weekend, now trading just below $66k. ETH0.22% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-1.72% , 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...
