BitDigest March 11 · Issue #612
- Bitcoin in new trading range showing support at $7,730 but unable to break above $8,000
- Japanese regulator creating blockchain network to promote multi-party dialogue
- Privacy coins may be behind BNP Paribas’s decision to block transactions with Coinbase
The Headlines
Japanese Financial Watchdog Introduces Global Platform to Promote Blockchain Technology
BNP Paribas Blocks Crypto Transactions with Coinbase
Eastern Caribbean Stock Exchange to Test Tokenized Offerings
Crypto Debit Card Finally Available on Mastercard Platform
FastCompany Highlights Rippleworks Efforts
Market Data
Daily Bitcoin Volume Hits ≈ $200 Million
Exchange, Custody and Product News
Brave Tokens Can be Used for Real World Rewards
Blockchain.com Starts Retail Lending Program
Cirlce Offers Business and Developers USDC Support
Huobi Launches Trading App
BitFlyer to Charge for Crypto Trading
Thoughts on the Ecosystem
Can Bitcoin Still be Uncorrelated During a Market Selloff?
'Safe-haven-ness is a Matter of Perception'
Reports you may have missed
MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE DXY 0.00% (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with BTC 1.53% rising 2.84% to $67.1k and ETH 3.56% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO 0.93% and PENDLE 6.55% have gained 10.11% and 13.43%, respectively. Similarly, layer-2...
CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC 1.53% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 3.56% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 3.81% works to regain the $160 level....
MARKET COMMENTARYINVESTORS WELCOMED THIS MORNING’S SLIGHTLY SOFTER THAN EXPECTED CPI DATA AND A LARGE DOWNSIDE MISS ON U.S. RETAIL SALES, ALLEVIATING INFLATION CONCERNS AND HELPING TO PROPEL STOCK INDICES TO NEW INTRADAY ALL-TIME HIGHS. The SPY 0.14% and QQQ -0.07% have gained over 1% to surpass $528 and $451, respectively, while US treasury rates have turned significantly lower, with the US10Y dropping below 4.34%. Crypto is responding in similar fashion with BTC 1.53% ...
Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils
CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 0.14% has gained 0.17% and the QQQ -0.07% has gained 0.31%. Crypto assets are...