BitDigest June 29 · Issue #689
- Bitcoin price holds above $9,000 over weekend
- China admits DCEP will help monitor outflow of capital
- South Korea developing its own crypto and blockchain analysis software
Obstacles to Blockchain Adoption
Forbes released a read-worthy article identifying interoperability between blockchains and questions in governance structures as two main obstacles to companies using blockchain for auditing and reporting.
Complete Crypto Startup School Curriculum Now Available
The final two videos have been released in Andreessen Horowitz’s (a16z) Crypto Startup School. The acting Comptroller of the Currency Brian Brooks – this was likely filmed while he was still Chief Legal Officer at Coinbase – speaks about crypto regulation and token securities, and Variant General Partner / former a16z Partner Jesse Walden speaks about fundraising. In total 14 videos and accompanying readings have now been posted by a16z as the leading venture capitalist chose to move from a private class and training structure and share its newly developed course contents with anyone for free in an effort to promote crypto and blockchain education and help develop new talent in the sector.
The Headlines
Exchange, Custody and Product News
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.74% falling to $60k and ETH -0.43% 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 -0.76% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.74% climbing back above $61,000 and SOL -0.28% moving above $145, while ETH -0.43% is lagging, trading around $2,400. Among today's outperformers is SUI -1.04% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...
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 2.07% and QQQ 2.31% 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 -0.74% briefly dropping below $62k and ETH -0.43% below $2.5k. Among altcoins, SUI -1.04% is showing...