BitDigest June 4 · Issue #672
- Crypto markets remain flat overnight
- The Trump administration has renominated Crypto Mom for a second term as an SEC Commissioner
- France has approved a regulated initial coin offering
Weekly Stock Review
Key highlights from North American listed crypto, blockchain and mining stocks:
- Average daily volume for Canaan (Nasdaq: CAN) jumped 77% on the week as the Chinese mining equipment supplier is the only company to report negative weekly returns.
- Galaxy Digital (TSX: GLXY.V) announced a Q1’20 loss of C$ 27.7 million. Pricing has increased by 23.7% this week, taking the stock price more incline with the company’s net book value of C$1.64.
- The premium to NAV of Grayscale’s Ethereum Trust (OTCX: ETHE) increased 68% this week to 788%.
Note: Marathon Patent Group (NASDAQ: MARA), a crypto mining company, has been added to the weekly tracking list.
The Headlines
Market Data
Exchange, Custody and Product News
Thoughts on the Ecosystem
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.45% falling to $60k and ETH 1.37% approaching the low $2,300s. Aptos (APT N/A% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -3.92% is also showing slight gains following...
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MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY -1.12% and QQQ -1.25% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC -1.45% briefly dropping below $62k and ETH 1.37% below $2.5k. Among altcoins, SUI -3.03% is showing...
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