BitDigest May 5 · Issue #895
- Bitcoin dominance drops to 45% as Ether hitting resistance
- South Korea may delay crypto regulations to appease younger voters
- Galaxy to acquire Bitgo for $1.2 billion
The Headlines
South Korea May Soften Crypto Stance to Appease Younger Voters
Spain to Share Crypto Data With Other EU Countries
ECB Decision on CBDC Coming Mid-Year
EU to Promote Green House Gas Emission Support for Blockchain Technology
Fed Wants Banks to Pay More Attention to Crypto
New York State Bill Could Impose Moratorium on Crypto Mining
Standard Custody Receives BitLicense
Dimon Has Personally 'No Interest' in Bitcoin
WallStreetBets to Use Blockchain for New ETPs
Betterment Still in 'Watch-and-Learn' Crypto Mode
Sotheby's to Accept Crypto for Banksy's Artwork
Mergers & Acquisistions
Galaxy to Acquire BitGo
Market Data
Crypto Adoption Growing According to Mastercard
Exchange, Custody and Product News
Coinbase Pro Adding ICP, CTSI, RLC, MIR and TRB
DOGE to Trade on Gemini
Daily Cartoon
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 BTC0.33% (-0.28%) trading at $64k and ETH-0.14% ...
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 BTC0.33% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC0.33% continued its upward trend over the weekend, now trading just below $66k. ETH-0.14% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-1.45% , 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...
