BitDigest September 3 · Issue #735

• Crypto prices slide yesterday in late morning trading
• Senate Banking Committee wants clearer regulations for national banks to use digital currencies and blockchain for payments
• Congressional leaders ask Trump Administration to use blockchain technology to support COVID-19 assistance programs

Weekly Stock Review

Highlights from the North American listed crypto, blockchain and mining stocks:

• Hive Blockchain Technologies (TSX: HIVE.V) is the top performing stock this week posting a 9.4% return.
• Canaan (NASDAQ: CAN) reported Q2 revenue of $25 million, down 26% year-over-year.
• Hut 8 Mining Corp (TSX: HUT) announced that it has formally taken over site management at its Drumheller, AB operation from the Bitfury Group.
• The premium to NAV for the Grayscale Ethereum Trust (OTCQX: ETHE)  has continued to decline and is now just under 33%, falling 59% compared to last week.
• Although the Grayscale Litecoin Trust (OTCQX: LTCN) posted the same price as last week, its net asset value  declined slightly boosting its premium to NAV to 674%
• The Grayscale Bitcoin Cash Trust (OTCQX: BCHG) is the worst performer falling 26%.

The Headlines

Market Data

Exchange, Custody and Product News

Thoughts on the Ecosystem