BitDigest May 19 · Issue #661
- Bitcoin holding in $9,600 – 9,800 range
- The Consumer Financial Protection Bureau believes using Ripple could benefit consumers by allowing them to see the actual amount of a transfer / remittance before the transaction has been completed
- ISIS may have transferred $300 war chest into cryptocurrencies to hide it from authorities
Crypto Fear and Greed Index
The Crypto F&G Index has recovered from March and April’s weakness and is now at 50 signifying a neutral sentiment. The index is up 11 points since last week.
She-Who-Must-Not-Be-Named
Harry Potter author JK Rowling admits that asking for an explanation on bitcoin is something her young wizards may not have event been prepared for. Responding to all the posts and media attention she has received since asking for an explanation of bitcoin she tweeted, “This is getting silly. I’m not joining the Bitcoin community. It should be perfectly obvious by now that I’ve been trolling Bitcoin in the hope of boosting my significant ethereum holdings.”
Moments later she tweeted that the ethereum comment was meant as “a joke.”
The Headlines
CFPB Likes Transparency of Ripple
Missing ISIS War Chest May be Hidden in Crypto
Suzhou Creating Blockchain Development District
Raiffeisen Bank Piloting Digitized National Currency
European COVID-19 Supercomputers are Suddenly Mining Monero
Visa Leadership Supporting Crypto
Class Action Lawsuit Claims EOS Offering was an Unregistered Security
Bakkt Provides Update on Custody Services
Celo Releases Mainnet
McAfee Accused of Plagiarizing Ghost Whitepaper
Market Data
Bitcoin's Hashrate Returning to 100 Ehash/s
Bitcoin Exchange Balances Continue to Decline
Exchange, Custody and Product News
Cash App Adding Bitcoin – Dollar Cost Averaging Feature
Binance Suspends Use of South African Rand
Huobi Rebrands Derivatives Exchange
Reports you may have missed
CRYPTO MARKET UPDATEDESPITE YIELDS MOVING HIGHER, RISK ASSETS ARE GENERALLY FARING WELL TODAY. BTC 6.27% BRIEFLY MOVED ABOVE $67,000 AGAIN IN THE MORNING HOURS AND IS NOW HOVERING JUST ABOVE THAT LEVEL. ETH 18.75% remains in a holding pattern, trading around $3,000 as it awaits a likely denial from the SEC this week on spot ETFs. The ETHE 0.00% discount did compress slightly last week, possibly driven by longshot bets that the SEC...
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 6.27% rising 2.84% to $67.1k and ETH 18.75% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO 20.54% and PENDLE 24.25% 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 6.27% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 18.75% 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 8.20% 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 0.12% and QQQ 0.60% 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 6.27% ...