BitDigest May 4 · Issue #894
- Another day, another new ETH high
- DCG commits to buy more GBTC
- PayPal and eBay considering crypto efforts
Crypto Fear & Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies rebounded from last weeks collapse to post a 68 ‘greed’ rating on the strength of ether and bitcoin. Since last week, the index has risen to a band between 61 – 68 waiting to see if bitcoin can retest $60,000.
The Headlines
DCG to Buy More Shares of GBTC
MARA Provides Production Update
Mogo Adds Eth to Balance Sheet
INX Raises $125 Million Through Equity and Token Offerings
S&P Launches Cryptocurrency Indicies
Digital Dollar Project to Launch 5 Pilots
PayPal Discussing Possible Stablecoin Launch
Crypto and NFTs Are Possibly New Categories for eBay
Mergers & Acquisitions
Iris Energy Weighing Australia’s First SPAC Deal
Market Data
Bitwise Adjusts Allocations for 10 Large Cap Crypto Index
Exchange, Custody and Product News
USDT Arrives on Coinbase
eToro Adds Doge
Daily Cartoon
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 BTC0.85% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC0.85% continued its upward trend over the weekend, now trading just below $66k. ETH2.49% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL1.74% , 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. BTC0.85% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH2.49% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL1.74% 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...
