BitDigest May 26 · Issue #665

• Bitcoin failed to build new support at the $9.600 resistance levels and has dropped back below $9,000 over the long weekend
• China says no timetable for DCEP launch
• Switzerland denies COVID-19 assistance package for Crypto Valley

Crypto Fear and Greed Index

The Crypto Fear and Greed Index dropped 11 points this week falling back into a more cautious “fear” range as the sentiment index declined to levels last seen in the days around BTC’s Halving two-weeks ago.

Goldman to Address Economic Outlook and Bitcoin

Goldman Sachs got the cryptoverse excited when they announced the Investment Strategy Group’s next client call on the US economic outlook would discuss “Implications of Current Policies for Inflation, Gold and Bitcoin.” The call is Wednesday and I will report after.

The Story of Coinbase

One of the books I have been excitedly waiting to read is Jeff John Roberts story on Brian Armstrong and creation of Coinbase. “Kings of Crypto: One Startup’s Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street is only being released in January, but its Audiobook is already available for download.

New Videos for Crypto Startup School

Andreessen Horowitz released three new videos as part of the curriculum for their Crypto Startup School. The video are “Building Crypto Companies” by Coinbase CEO Brian Armstrong, “The Future of Apps” by former Andreessen Horowitz General Partner and Coinbase CTO Balaji S. Srinivasan, and “Gaming & Crypto” by Forte CEO Josh Williams.

Giving for Bitcoin Pizza Day

I want to recognize Gemini and bitFlyer. Both companies used the celebration of Bitcoin Pizza Day to help the less fortunate. Gemini donated to organizations supporting New York’s frontline workers, and children in need, and bitFlyer donated to San Francisco based organizations helping the homeless.

The Headlines

Market Data

Exchange, Custody and Product News

Thoughts on the Ecosystem