BitDigest November 13 · Issue #784
- Bitcoin dominance breaks 65% as BTC jumps above $16,000; REBEL coins show mixed return over 7-days
- ECB President Lagarde expects it will take Eurozone at least two years to develop CBDC
- The Fed has not made any decision on the future of a digital dollar
The Headlines
Lagarde Has ‘Hunch’ ECB Will Issue CBDC
Fed Still Investigating CBDC
Russia Increasing Crypto Tax Threshold
PayPal Offers Crypto to All US Accounts
Marathon Reports 160% Y-o-Y Revenue Increase
Hut 8 Reports Q3 Results
BitPay Introduces Mass Payments Platform
Chainalysis Launches Asset Monitoring Platform
Exchange, Custody and Product News
Withdrawals Still Suspended at OKEx
BitMEX Increases AML Platform Surveillance
Binance.US Expands to North Carolina
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-0.89% (-0.28%) trading at $64k and ETH-0.52% ...
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-0.89% ...
