Grayscale Gets Sued and Self-Custody Grows

Dec 7, 2022
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportDecember 7, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: ATOM, BTC, ETH, FTM, LINK, QQQ, SOL, SPX Market UpdateDespite the US Dollar and US Treasury yields declining, US equity indices continue their slide this week, with the $SPX and $QQQ down 0.12% and 0.47%, respectively. Crypto markets are also negative today as $BTC (-1.56%) continues to trade in the upper 16,000s and $ETH (-3.27%) in the mid 1,200s. Alt layer-1 tokens are taking a larger hit today, with $ATOM, $FTM, and $SOL down -5.57%, -6.01%, and -4.69%, respectively. Investors may be spooked as crypto cynic Senator Elizabeth Warren is working

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 1.85% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 1.11% is attempting to break through $3k resistance. SOL 4.11% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 1.85% now testing $60k, ETH 1.11% just below $3k, and SOL 4.11% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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