BitDigest September 17 · Issue #744
- Bitcoin fighting to break $11,000 level
- Australia’s Central Bank says they have no immediate need for a digital dollar
- Kraken receives US banking charter
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Chinese mining stock Ebang International (NASDAQ: EBON) is the top performer of the week generating a 8% increase in its stock price. EBON is the only company to outperform bitcoin (7.2% return) this week.
- Hive Blockchain (TSX: HIVE) reported year end results for fiscal 2020 generating income from digital currency mining – mining bitcoin (BTC), ether (ETH) and Ethereum classic (ETC) – of $29.2 million with adjusted EBITDA of $5 million.
- TAAL Distributed Information Technologies (OTCQX: TAALF) announced the company has entered into an agreement to sell 37,500 non-operational hashing servers for $825,000 – surprising, as the company just purchased these servers in March. TAALF plans to use proceeds from the sale to purchase new state-of-the-art mining rigs.
- Galaxy Digital Holdings (TSX: GLXY.TO) reported assets under management has increased to $404.9 million.
- Grayscale Investment’s Litecoin Trust (OTCQZ: LTCN) was the worst performing stock of the week falling 12%.
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 4.54% falling to $60k and ETH 4.12% approaching the low $2,300s. Aptos (APT -1.11% ) 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 7.28% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 4.54% climbing back above $61,000 and SOL 10.08% moving above $145, while ETH 4.12% is lagging, trading around $2,400. Among today's outperformers is SUI 9.55% , 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 1.88% and QQQ 2.20% 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 4.54% briefly dropping below $62k and ETH 4.12% below $2.5k. Among altcoins, SUI 9.55% is showing...
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In c6d314-801752-276c31-b94c30-7adb1b
Already have an account? Sign In c6d314-801752-276c31-b94c30-7adb1b