BitDigest July 21 · Issue #704
- Top digital currencies looking for buyers –prices continue to remain in multi-week range
- Central Bank of France announces names of partners working to develop CBDC as Jamaica begin search for its own providers
- UK government proposing to give FCA greater oversight over financial ads and crypto promotions
Crypto Fear and Greed Index
The Crypto Fear & Greed Index is following the path of its largest member ‘boring bitcoin’ and remains in fearful, but neutral territory – basically unchanged again this week – gaining a single point compared to 7-days ago.
The Headlines
Bank of France Announces 8 Companies to Trial CBDC Designs
UK Looking to Give FCA Oversight over Crypto Promotions
Latest Draft of Russian Crypto Bill Lacks Punishment for Use of Crypto
Jamaica Inviting CBDC Providers to Test Proposals in Regulatory Sandbox
Central Bank of Oman Issues Crypto Warning
Scams Already Targeting Release of DCEP
Grayscale to List BCH and LTC Vehicles on OTC
US Exchanges Working on Joint Effort to Meet FATF Requirements
Suit Filed Against Social-Media Giants for Banning Crypto Ads
Standard Chartered Working on Crypto Custody Solution
Decentraland Marketplace Coming to Samsung Smartphones
Nifty Gateway Releases Open Beta for Display Technology
Market Data
Defi Surpasses Activity in Top US Exchanges
Value Locked in DeFi Breaks $3 Billion
Exchange, Custody and Product News
Binance Adds Support for Ukrainian hryvnia (UAH)
Reports you may have missed
Major equity indices are rallying on the back of solid earnings, with both the $SPX and $QQQ up over 1%. Meanwhile, crypto markets are churning lower, which is understandable as we should not expect crypto to rally alongside equities during an earnings-driven market. Crypto remains an apparently undecided market ahead of next week's FOMC meeting and the Quarterly Refunding Announcement (QRA), evidenced by another day of ETF outflows and a...
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 BTC-1.07% (-0.28%) trading at $64k and ETH-0.95% ...
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 BTC-1.07% ...
