BitDigest May 11 · Issue #655

• Ahead of the halving, bitcoin suffered a flash crash sliding 15% over a 10 minute period this weekend. The leading digital currency has stabilized and recovered slightly since Friday. It is now only down 11% since my last report. As I warned last week, the hodlers have gained more power and the downward move was reported to be driven by large hodlers liquidating BTC positions.
• Gibraltar believes all tokens are securities by design
• Bitcoin in Craig Wright’s Tulip Trust has moved

Countdown to the Halving

Today is the big day!Over the weekend Bitcoin’s blocktimes ran below the 10 minute average and therefore block 630,000 is expected to be mined much earlier than expected. Bitcoin’s third halving is currently expected to occur around 3:32 EST this afternoon.

The Headlines

Market Data

Exchange, Custody and Product News

Thoughts on the Ecosystem