BitDigest July 24 · Issue #707
- Bitcoin posts 4.5% weekly gain but ether’s 17.6% increase pushes BTC dominance to multi-month lows
- India’s Prime Minister recommends blockchain as an investible frontier technology in his country
- Malta formerly launches its regulatory sandbox
The Headlines
Modi Highlights Investment Opportunity in Blockchain
Malta Launches FinTech Regulatory Sandbox
Kenya to Regulate Digital Loans
Czech Central Banker Criticizes CBDCs as 'Helicopter Money'
AntChain Accepting 100 Million Digital Assets Daily
Avanti Planning to Open in October with New Stablecoin Disruptor
Gemini Offers Custody for .crypto Domains
Voice to Open WaitList on August 15th
World Stablecoin Association Launched
Market Data
Bitcoin Option Activity has Left Bakkt for Deribit
Exchange, Custody and Product News
Liquid Dropping Zcash to Assist with Singaporean Approval
Binance Lists Maker and Dai
BitGo Offers Custody for Tezos
Thoughts on the Ecosystem
RUMOR: US Fed Buying Bitcoin to Back USD
Reports you may have missed
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 0.15% rising 2.84% to $67.1k and ETH 1.06% surging 4.86% to $3,090. Liquid staking tokens are building on Ether's outperformance, as LDO -1.50% and PENDLE 4.31% 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 0.15% is trading just north of $65k, while ETHBTC continues to struggle, with ETH 1.06% 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 0.34% 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 0.14% and QQQ -0.07% 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 0.15% ...
Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils
CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 0.14% has gained 0.17% and the QQQ -0.07% has gained 0.31%. Crypto assets are...