BitDigest May 17 · Issue #903
- Bitcoin falls to 3-month low on one word tweet from Elon Musk; BTC dominance breaks below 40%
- Argentina looking for monthly trading records from digital currency exchanges
- Iran continues to issue regulations driving mining capacity into the government’s control
Invitation to NFT Art Gallery
I have been writing about NFTs and my interest in digital art for the past few years, but many people are still having trouble understanding this new trend. My friends at Signum Growth Capital and ARK Invest are hosting a digital art gallery event looking at NFT’s and speaking to artist, developers and investors on digital platforms including Decentraland, Cryptovoxels, and Spatial Web.
Everyone is welcome. The event is this Wednesday, May 19th, starting at 4:30 PM EST and will be live streamed on YouTube and Discord for people who are unfamiliar with navigating these virtual platforms. Please RSVP if you are interested so the live stream details can be forwarded.
The Headlines
Argentina Requiring Crypto Exchanges to Disclose Customer Data
Unauthorized Iranian Household-Miners to be Fined
Russia Will Not Provide Open Access to Blockchain Voting Records
Musk 'Indeed' Tweet Starts Weekend Sell Off
Square Remains 'Forever' Committed to Bitcoin
BME to Pilot SME Financing on Blockchain
Greenidge Mining Operations to Become Carbon Neutral
DarkSide Operations Shuttered
Dapper Labs Accused of Breaking US Security Laws
Market Data
Size of Average Ransom Payment Request Increased Over Past Year
US' Largest Mining Operation Already Carbon Neutral
Exchange, Custody and Product News
Anchorage Adds AAVE, BAL, NXM, UNI and YFI
Thoughts on the Ecosystem
Tether Reserve Report Caused Market Sell Off
Daily Cartoon
Reports you may have missed
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...
Equities and crypto assets are selling off in tandem today as inflation and geopolitical fears have spooked risk assets. The SPY and QQQ have decreased by 0.46% and 0.92%, respectively, while crypto is selling off more aggressively. $BTC (-5.49%) has tested the high $59,000s and $ETH (-4.42%) is trading below $3,000. Among a sea of red, $SUI is showing relative strength, gaining 6.44% on the back of a partnership announcement with...
Risk assets remain under pressure as the DXY's relentless rally has continued, now approaching its 2023 highs, currently at 106.5. Rates continue to move higher, with the 10Y now reaching a new year-to-date high of 4.7%. Gold continues its upward march amid persistent geopolitical tensions. Crypto remains weak in the face of rising rates, geopolitical risks, and tax season. $BTC continues to range between $61K and $63K following yesterday's afternoon...
Crypto prices suffered steep declines over the weekend following news of Iran launching drone strikes at Israel. Bitcoin and Ethereum reached respective lows of $60.8k and $2.85k, while many altcoins saw drops of over 20%. Open interest (OI) across all coins on Friday was $48 billion, and after the rapid price declines, approximately 25% of that was wiped, with total OI of about $36 billion at the time of writing. $BTC...