BitDigest May 25 · Issue #909
- Crypto marketcap back above $1.5 trillion
- Fed’s Brainard sees benefits in digital dollar
- Elon speaks with North American bitcoin miners and gets commitment on renewable mining statistics
Crypto Fear & Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies is up 1-point this week after dropping down to 10 during the 7-day period. This recent collapse is the largest drop the index has encountered in over a year and first time the index has fallen below 35 since last year’s March – April selloff. The index is likely to remain in this range until bitcoin can start to retest $40,000.
The Headlines
Digital Dollar Benefits Americans
BoE Head Remains a Crypto-Skeptic
MARA to Help Finance New Site for Thier Rigs
EQOS Reports New Trading Highs
One River Files Prospectus for Carbon-Neutral Bitcoin ETF
HSBC Not Planning Crypto Offering
Elon Meets with Bitcoin Miners
Mergers & Acquisitions
Galaxy Acquires Vision Hill
Market Data
Crypto Hedge Funds Returned 128% in 2020
Wharton Demystifies DeFi
Thoughts on the Ecosystem
Digital Yuan Not a Threat to USD
SEC Should Focus on Providing Regulatory Clarity Over New Enforcement Actions
Bitcoin's Success is Risk
Daily Cartoon
Reports you may have missed
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Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
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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-3.73% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-2.95% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-6.63% has shown remarkable resilience amid the turmoil, now...