BitDigest September 21 · Issue #746
- Crypto pricing in the red as bitcoin unable to hold above $11,000
- China looking to take first mover advantage in possible Crypto Wars
- The EU expects to take four years to introduce a comprehensive framework for blockchain and crypto across the financial sector
The Headlines
China Sees Digital Currencies as Next Battlefield
EU to Introduce Crypto-assets Regime by 2024
Philippine Central Bank Turning Positive on Crypto
German Lawmakers Decide Against Using Blockchain to Track Spending on Major Infrastructure Projects
Indian State Highlights Use of Blockchain
Figure Launches Blockchain-based Digital Fund Services Offering
NFT Sells for Record $101,000
Market Data
Norwegian Oil Fund, BlackRock and Vanguard Are Indirect Holders of Bitcoin Now
Bitcoin is in Internet 1995 Days
Crypto Traders Are Hodlers
Bitcoin Forks are Not Profitable Over Time
Exchange, Custody and Product News
bitFlyer Europe Users Can Deposit Funds from PayPal Accounts
Thoughts on the Ecosystem
Use of Digital Assets Can Drive Economic Growth
Microstrategy's Crypto Purchase is Just the Beginning
Reports you may have missed
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC1.38% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH1.11% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL3.63% 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...
Equities and crypto assets are selling off in tandem today as inflation and geopolitical fears have spooked risk assets. The SPY and QQQ have decreased by 0.46% and 0.92%, respectively, while crypto is selling off more aggressively. $BTC (-5.49%) has tested the high $59,000s and $ETH (-4.42%) is trading below $3,000. Among a sea of red, $SUI is showing relative strength, gaining 6.44% on the back of a partnership announcement with...
Risk assets remain under pressure as the DXY's relentless rally has continued, now approaching its 2023 highs, currently at 106.5. Rates continue to move higher, with the 10Y now reaching a new year-to-date high of 4.7%. Gold continues its upward march amid persistent geopolitical tensions. Crypto remains weak in the face of rising rates, geopolitical risks, and tax season. $BTC continues to range between $61K and $63K following yesterday's afternoon...
