BitDigest May 7 · Issue #897

• Crypto prices post strong weekly returns but weaken on Gensler comments
• SEC Chairman calls for greater regulatory oversight for crypto markets
• Square doubles traditional revenue with bitcoin sales in first quarter

Two quick highlights on public crypto proxies:

• The premium to NAV on the Bitwise 10 Crypto Index Fund (OTCQX: BITQ) has been weakening and dropped below 20% for the first time
• The Grayscale Ethereum Classic Trust has increased 200% over the past 5 trading sessions

Live, From New York…

Just a reminder that on Saturday, the self-proclaimed ‘Dogefather,’ Elon Musk is hosting Saturday Night Live. I have to assume that cryptocurrencies will play a major theme in his monologue and skits.

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