BitDigest April 9 · Issue #877
- Crypto prices retesting recent highs
- The G7 plans to establish a set of common rules and platforms for CBDCs
- Riot spending $651 million to acquire Whinstone US
The Headlines
BOJ Working with G7 on Common Rules for CBDCs
Digital Ruble Expected by 2023
Sri Lanka Warns Potential Crypto Investors
National Intelligence Reports Highlights Threat of Digital Currencies to Dollar
Riot Acquiring Whinstone Creating New Leader in US Bitcoin Mining
Ebang to Respond to Short Seller Report
Meitu Completes Crypto Purchases of $100 Million
500.com Buys Mining Equipment Manufacturer and Could be Changing Name
CoinShares and 3iQ Launching Bitcoin ETF on TSX
Kraken Could Be Publicly Traded in 2022
Robinhood Sees Crypto Trading Jumps in Q1
Citi and IDB Send Cross-Border Payment Using Blockchain
Ledger Sued Over Data Leak
Market Data
9% of Teens Have Traded Digital Assets
Exchange, Custody and Product News
Revolut Adding Cryptocurrencies to Platform
Thoughts on the Ecosystem
Bitcoin will Outpace Government Efforts to Limit the Technology
Reports you may have missed
CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC -0.84% is trading just north of $65k, while ETHBTC continues to struggle, with ETH -2.87% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL 1.04% works to regain the $160 level....
MARKET COMMENTARYINVESTORS WELCOMED THIS MORNING’S SLIGHTLY SOFTER THAN EXPECTED CPI DATA AND A LARGE DOWNSIDE MISS ON U.S. RETAIL SALES, ALLEVIATING INFLATION CONCERNS AND HELPING TO PROPEL STOCK INDICES TO NEW INTRADAY ALL-TIME HIGHS. The SPY -0.24% and QQQ -0.25% have gained over 1% to surpass $528 and $451, respectively, while US treasury rates have turned significantly lower, with the US10Y dropping below 4.34%. Crypto is responding in similar fashion with BTC -0.84% ...
Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils
CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY -0.24% has gained 0.17% and the QQQ -0.25% has gained 0.31%. Crypto assets are...
CRYPTO MARKET COMMENTARYBITCOIN REBOUNDED OVER THE WEEKEND, WITH PRICES FULLY RECOVERING FROM FRIDAY'S DRAWDOWN BY MONDAY MORNINg. BTC -0.84% is now trading just below $63k. Meanwhile, both ETH -2.87% and SOL 1.04% have lagged, trading at $3950 and $146, respectively. Altcoin flows seem to have shifted towards memecoins, which are outpacing the rest of the market today, with gains exceeding 5% from BONK -3.11% , DOGE -21.93% , and PEPE. This interest in memecoins likely stems from...