BitDigest October 8 · Issue #759
- Crypto prices flat over 24-hours with the median price slipping 0.21%
- The Bank of Korea intends to begin distributing its digital currency as the final step of its pilot program by next year
- The US Treasury is studying the digital dollar and expects to make a final decision based on input from the Fed
Weekly Stock Review
Highlights from the North American listed crypto, blockchain and mining stocks:
- Grayscale Digital Large Cap Fund (OTCQX: GDLC) gained 21% posting the highest return of the North American publicly traded firms driving its premium to NAV by 57%
- Canaan (NASDAQ: CAN) announced a new share repurchase program committing up to buy back up to $10 million shares
- Riot Blockchain (NASDAQ: RIOT) has purchased an additional 2,500 next generation Antminers from Bitmain for $6.1 million
- Hong Kong based digital currency exchange Diginex (NASDAQ: EQOS) began trading on NASDAQ following its successful combination transaction through a special purpose acquisition company; it was added to the weekly update (above)
- Reality Shares Nasdaq NexGen Economy ETF (NASDAQ: BLCN) announced the passive fund may be acquired by SRN Advisors
- Grayscale’s Litecoin Trust (OTCQX: LTCN) fell 16% for the largest decline of the week
- The price of bitcoin (BTC) declined 1% over the 7-day period
🍿a16z Premiering Documentary About Crypto Startup School
Andreessen Horowitz is releasing a behind the scenes documentary (here is the trailer) to its 14-part Crypto Startup School series that that follows several students as they develop their projects and face challenges that are familiar to every founder against the backdrop of the COVID-19 pandemic. The documentary premieres tonight at 8 pm eastern and can be viewed on a16z’s Twitter and Youtube channels or by following this link.
The Headlines
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
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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 -1.54% and QQQ -0.38% 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 -2.97% briefly dropping below $62k and ETH -2.32% below $2.5k. Among altcoins, SUI -4.53% is showing...
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