BitDigest October 19 · Issue #765
- Bitcoin dominance returning with break above 59%
- Spain identifies digitalization and analysis on digital currency as strategic theme
- Northern European Central Banks see continuation of cash in CBDC environment
No Update from OKEx
OKEx has not provided an update since Friday morning when withdrawals were temporarily suspended. The Chinese operated, Malta-based exchange last said that all user funds and non-withdrawal operations are safe and functioning as usual, after it was reported that an unidentified staffer responsible for users’ private keys has been “out of touch” while cooperating with a police investigation.
The Headlines
Bank of Spain Considering CBDC
Bank of Sweden Calls for e-Krona to be Legal Tender
Bank of Finland Governor Does Not See Digital Euro as Replacement for Cash
Hungarian Politician Caught Mining and Resigns
Bank of Canada Looking to Hire Crypto Economist
Market Data
Coinbase Details Government Requests
MakersPlace Sells Batman Artwork
Exchange, Custody and Product News
Coinbase Adding Wrapped Bitcoin
Bithumb Partnering with Paxful for Fiat Access
Coinbase Custody Exploring New Assets
Reports you may have missed
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-2.16% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC-2.16% continued its upward trend over the weekend, now trading just below $66k. ETH-2.17% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-5.33% , 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. BTC-2.16% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-2.17% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-5.33% has shown remarkable resilience amid the turmoil, now...
