BitDigest January 25 · Issue #827
- Crypto pricing inching back up as ethereum trades in all-time-high range
- Bank of Singapore sees bitcoin as threat to gold
- Chinese mayors announce support for DCEP trials
The Headlines
Cryptocurrencies Wont Replace Fiat But Could Replace Gold
Leading Mayors Offer Support to DCEP
Panama Reviewing Crypto Regulations
Bahrain Grants CoinMENA Crypto License
DCEP Lottery Expands to Chengdu
Foundry Finances New Equipment Order for Hut 8
SGX and Temasek Form Digital Assets Venture Fund
Coinbase Looking to to Offer Secondary Market for Shares
Valkyrie Files Paperwork for Bitcoin BTC
Galaxy Offering Ethereum Funds
Davos to Discuss Digital Currencies
Market Data
Coinbase Expands to Over 43 million Users
Thoughts on the Ecosystem
Cramer Tells Winning Powerball Ticket Holder to Invest in Bitcoin
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 -2.20% (-0.28%) trading at $64k and ETH -3.96% ...
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 -2.20% ...