BitDigest November 23 · Issue #790
- Crypto prices weather weekend trading and closing in on $550 billion marketcap
- Xi wants G20 to remain ‘open and accommodating’ to CBDCs
- The Office of the Comptroller is looking to ensure all financial entities are offered equal access to banking services
The Headlines
Xi Asks G20 to be Open to CBDCs
OCC Calls for Equal Service for All Financial Entities
PBoC Sees Yuan Strengthening Across Markets
South Africa Publishes Draft of Crypto Regulations
Regulators in Israel and Abu Dhabi Highlight Crypto Development
German Finance Minister Does Not Support Private Currencies
IMF Questions Legal Status of CBDCs
Saskatchewan Identifies Unregistered Mining Investment Operations
Suzhou Selected for Next DCEP Giveaway Trial
Amazon Pilots Cloud-based Stock Trading
Market Data
Bitcoin Hashrate Nearing All-Time-High
Thoughts on the Ecosystem
Bitcoin Will Take the Place of Gold
Many S&P500 Stocks More Volatile than Bitcoin
Reports you may have missed
Court Partially Dismisses SEC's Lawsuit Against Coinbase, Kucoin Charged by DOJ and CFTC for AML Violations
Crypto markets are declining following news that most of the SECâs lawsuit against Coinbase will proceed (more below). BTC (-1.27%) reached intraday highs of $71.8k before declining to $69k after the news. Rumors have circulated that Morgan Stanley and PNC will soon approve access to Bitcoin ETFs on their wealth management platforms. Together, Morgan Stanley and PNC hold over $1.5 trillion in client assets and likely will provide a tailwind...
FTX Selling Two-Thirds of Anthropic Stake for $884 Million, SWIFT Announces Phase 2 Results of Tokenization Experiments
U.S. equities are rising in Tuesday trading, with the SPY and QQQ both gaining approximately 0.21%. U.S. durable goods orders rose 1.4% in February, bouncing back after dropping 6.1% in January. The DXY (+0.04%) is flat on the day but remains above $104, while rates are showing modest gains across the curve. Crypto markets are showing slight declines, with BTC (-0.22%) trading at $69.7k and ETH (-0.72%) holding above $3,550. It...
Core Scientific Looking for Expansion Opportunities, Philippines to Block Access to Binance
Following the worst week of ETF flows since inception, BTC (+3.89%) is rebounding, rising to $69.6k, and ETH (+4.09%) has reclaimed the $3,500 mark. Last weekâs outflows totaled $888 million, representing about a fifth of the inflows seen in the previous two weeks. ONDO, an institutional RWA protocol, is one of the top performers today, rising 7.61% as investors remain optimistic about the future of tokenized assets and their ability...
Four Consecutive Days of Bitcoin ETF Outflows, WisdomTree Receives NY Trust Charter
Equity indices are showing muted declines today, but the SPY (-0.13%) and QQQ (-0.02%) are still on pace for respective 18th and 17th positive weeks out of the last 21. Crypto markets are showing more pronounced losses, with total market capitalization falling by 3%. BTC (-2.89%) has fallen to $63.6k while ETH (-4.53%) has dropped to $3,340. Bitcoin ETFs have seen four consecutive days of outflows totaling $836 million, representing...