BitDigest June 11 · Issue #677
- Bitcoin failed another attempt to break $10,000 last night and has fallen back to $9,800 levels
- The Bank of Korea identified blockchain and the development of a CBDC as a top priority in its new 10-year plan
- Russia’ Minister of Economic Development believes a regulated and controlled crypto market would operate better than a straight out ban
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Interest in Canaan (NASDAQ: CAN) has jumped 47% this week, with the average volume braking 1 million shares.
- The premium to NAV on the Grayscale Bitcoin Trust (OTCX: GBTC) increased 28% while the premium on the Grayscale Ethereum Trust (OTCX: ETHE) is nearing 850% after gaining 7% this week.
- Hut 8 Mining (TSX: HUT.TO) filed a preliminary prospectus last night in connection with an overnight marketed public offering to raise $7.5 million at a price of $1.45 per Unit
A Very Expensive Mistake?
The crypto market was surprised yesterday when a seemly small ether transaction of $130 suddenly had a transaction fee of $2.6 million. Everyone started providing their thoughts on the transaction. Was it a mistake: confusing the transaction amount and fee, a fat finger error, maybe even an attempt to launder the crypto in partnership with a miner? Fortunately in this case, the mining pool associated with the specific block froze the transaction so it was not processed.
The Headlines
Exchange, Custody and Product News
Reports you may have missed
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