BitDigest November 5 · Issue #778

• Bitcoin (BTC) breaks $14,500 and ether (ETH) jumps back above $400 as the crypto marketcap hits $414 billion
• Ethereum’s move to Proof-of-Stake is planning to begin in December
• US Prosecutors looking to make an example out of celebrity promoted ICO founder

Weekly Stock Review

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

• The Grayscale Litecoin Trust (OTCQX: LTCN) was the best performing tracked asset returning 31% this week as its Premium to NAV jumped to reach a new high over 1600%
• Mining operation Hut 8 Mining (TSX: HUT.TO) appointed Jaime Leverton as new CEO, effective December 1st
• Galaxy Digital Holdings (TSX: GLXY.TO) announced a PIPE (private investment in public equity financing) of $50M at a price per share of C$3.50 for up to 19.1M ordinary shares plus a warrant to purchase 0.25 of an ordinary share an exercise price of C$8.25
• Digital exchange Digix (NASDAQ: EQOS) will host will hold an inaugural investor Strategy Day on Thursday, November 12th to discuss the Company’s growth strategy, product development, and outlook
• Canada’s largest digital asset fund manager 3iQ (TSX: QBTC-U.TO) received a receipt for its amended and restated preliminary prospectus for the initial public offering of its Ether Fund
• Ebang International Holdings (NASDAQ: EBON) was the worst performer over the past 7-day returning a loss of 11%
• Bitcoin outperformed most stocks this week returning 6.5% compared to a mean return of the above equities of 5.3% and median of 2.9%

The Headlines

Market Data

Thoughts on the Ecosystem