BitDigest May 24 · Issue #908
- Crypto prices recovering after latest Chinese driven collapse
- China announces efforts to prohibit crypto mining (again)
- South Korea is looking to identify a CBDC technology partner
Tezos and Red Bull Winners in Monaco
On Friday F1 Group announced that Tezos would become the NFT partner for Red Bull Racing. Yesterday, Red Bull’s Max Verstappen won his second race of the season by taking the title at the Monaco Gran Prix. This is Verstappen’s first win on this famed course and as the camera’s focused on Verstappen driving his celebratory lap, Tezos’s logo was clearly visible across the Red Bull’s halo / roll bar.
The Headlines
Vice Premier Liu Vows to Crack Down on Bitcoin Mining and Trading Activities
South Korea Selecting Tech Partner for CBDC
Crypto Payments Possible Under Contractual Law
Kuwait Says Crypto Assets Have 'Negative Consequences'
Iran Using Spies to Target Crypto Miners
MP Asks Treasury for Development of Crypto "Safe Space"
Teucrium Files Bitcoin Futures ETF
Elon's Supports Crypto
Market Data
Iran Using Bitcoin Mining to Evade Sanctions
Exchange, Custody and Product News
Huobi Acting on Chinese Crackdown
Coinbase Pro Add s(and Delays) SOL
FTX and BitMEX to Become Carbon Neutral
Thoughts on the Ecosystem
Musk Tweets Will Likely Lead to SEC Activity
Crypto is a 'Very Psychological Market'
Diller Not on Crypto Bandwagon
Technician Bollinger Sees Good Trade Opportunity in Bitcoin (Just Not for Him)
Crypto Becoming ‘Digital Gold’
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-4.69% ...
After significantly outperforming equities leading up to its halving event on Friday, BTC-4.69% continued its upward trend over the weekend, now trading just below $66k. ETH-4.97% has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL-9.27% , 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-4.69% briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH-4.97% followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL-9.27% has shown remarkable resilience amid the turmoil, now...
