Crypto Daily Report – July 9
Jul 9, 2021
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Analysis from FSInsightJuly 9, 2021Bitcoin and Ethereum are trading at $33,000 and $2,100, respectively, at the time of writing, as investors appear to be in a relatively neutral position ahead of expected Grayscale unlocks next week. GBTC was trading at a 12% discount to NAV as of market close on Thursday afternoon.Crypto startup Bullish plans to go public via a reverse merger with a SPAC backed by Tom Farley, the former New York Stock Exchange president. Bullish expects to raise $600 million in proceeds from the SPAC, plus an additional $300 million via private investment. Farley will serve as CEO post-transaction.Jack Dorsey confirmed via Twitter that Square will launch a Bitcoin hardware wallet. This carries significance because hardware wallets are non-custodial and enable users to have full ownership over their keys as opposed to allowing an exchange to manage keys for them. Investment in security-focused hardware seems to be increasing among the wider crypto community.We mentioned on Wednesday that total transaction volume via crypt