BitDigest July 30 · Issue #711
- Crypto prices showing slight pull back after days of upward movement
- North American listed crypto companies show great returns this week
- Bank of Japan wants to ensure digital yen can operate with loss of power
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Marathon Patent Group (NASDAQ: MARA) was the best performer out of the North American crypto and blockchain stocks as its price rose 73% and average volume grew 62%. MARA also announced it purchased 700 ASIC miners from MicroBT with expected delivery in mid-April, and reported that 600 of the 1,660 miners previously ordered from Bitmain would arrive around the same time.
- Both the The Bitcon Fund (TSX: QBTC-U.TO) and (NASDAQ: BLCN) Reality Shares Nasdaq NexGen Economy ETF hit 52-week highs over the past 7-days.
- Canaan (NASDAQ: CAN) showed positive growth in their stock price, up 16.7%, but average volume decreased significantly falling 44% to 2.8 million shares.
- Hive Blockchain (TSX: HIVE.V) announced it was delaying the release of its Q4’20 financial statements due to COVID-19 circumstances, and the company has partnered on an EU funded project to identify key engineering principles in the design of energy-efficient data centers.
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
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 -2.59% falling to $60k and ETH -3.21% 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 -0.55% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.59% climbing back above $61,000 and SOL -3.88% moving above $145, while ETH -3.21% is lagging, trading around $2,400. Among today's outperformers is SUI 2.15% , 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 0.40% and QQQ 0.80% 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 -2.59% briefly dropping below $62k and ETH -3.21% below $2.5k. Among altcoins, SUI 2.15% is showing...
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