Pokket Media

POKKET: Crypto Market Update (July 27)

POKKET: Crypto Market Update (July 27)

Bitcoin is up +8.5% to $37.6k while ETH is +3.5% to $2250. Movers are DENT ANKR +18%, HOT +16%, SNX +15%, LIT +14%, MATIC +13%, CHR -18%, DEGO -17%, ALICE -15%. About $1B in shorts were liquidated yesterday and volumes picked up as BTC quickly ramped to $40k but failed to hold. Many point to the Amazon payment in Bitcoin 'news', which naturally they denied, or Tesla's earnings call but data shows a potential rotation from USDT to other stablecoins which ended up seeing, for example, BUSD print $…
POKKET: Crypto Market Update (July 26)

POKKET: Crypto Market Update (July 26)

Bitcoin price is +1.7% to $34.5k, ETH is flat at $2150. Movers are DEGO +43%, LINA +25%, FET +23%, RSR +15%, CHR +13%, none on the downside. FTX has cut out the options for higher leverage, leaving on 20x as the highest amount for traders - this move was made after SBF made a statement to media about how crypto gets a bad rap for volatility and the industry should move towards allowing say 10x max. Robinhood eyes crypto lending and staking services as its next growth strategy according to their …
POKKET: Crypto Market Update (July 25)

POKKET: Crypto Market Update (July 25)

Bitcoin is +1.9% to $34k, ETH is +2.9% to $2175. Movers are ALICE +33%, ADX +23%, AKRO +14%, IOST +13%. A Gallup poll showed 6% of American investors own Bitcoin, compared to 2% back in 2018. Vermont has now joined the list of states probing into BlockFi, over the legality of its interest account product - this is the fourth state, including Alabama, Texas and New Jersey. A New York town wants to ban ugly Bitcoin miners, literally because they are an eyesore and local residents are complaining i…
POKKET: Crypto Market Update (July 24)

POKKET: Crypto Market Update (July 24)

Bitcoin is +3% to $33.3k, ETH is +4.2% to $2100. Movers are AXS +74%, SAND +33%, ALICE +31%, LIT +27%, CHR +22%, DEGO +17%. Amazon says it is exploring cryptocurrency payments, as it lists a job posting for a 'Digital Currency and Blockchain Product Lead' to create a vision and roadmap for new payment products. Binance's CZ said Binance US aims to copy Coinbase's playbook and go public, in an online conference yesterday. Uniswap is blocking multiple tokens on their front end in an attempt to app…
POKKET: Crypto Market Update (July 23)

POKKET: Crypto Market Update (July 23)

Bitcoin is flat at $32.1k, ETH is +1% to $2k. Movers are OXT +20%, DLT ADX +18%, AXS +15%, nothing stands out on downside. Its a busy week for securities laws in the US - the SEC has said stock tokens on both CeFi and DeFi platforms are securities and have suggested stablecoins backed by securities are indeed securities. Also, Texas, along with a few other states, say BlockFi's interest account violates security laws - the Alabama Securities Commission issued BlockFi with a show-cause notice, de…
POKKET: Crypto Market Update (July 22)

POKKET: Crypto Market Update (July 22)

Bitcoin rebounds to $32k +8.3%, ETH is +12.7% to just shy of $2k. Movers are AXS +43%, MATIC +31%, SAND +20%, ZRX ALICE +17%, BZRX LINA AAVE +15%, nothing stands out on the downside. The entire crypto market rebounds after a two day slump being interrupted by "The B Word" conference hosted by @jack. Elon went on the live conference to discuss his stance on Bitcoin, along with sharing Space X is a hodler and he personally owns ETH. Whether this rebound is sustainable remains to be seen, but the e…
POKKET: Crypto Market Update (July 21)

POKKET: Crypto Market Update (July 21)

Bitcoin is softer -4% to just below $30k, while ETH is doing better, -2.5% to $1775. Movers are FET +18%, POLY +15%, LIT -17%, LINA -15%, rest in between. FTX has just closed a $900M funding round with investors Sequioa and Coinbase Ventures, at a valuation of $18B. The EU wants to ban anonymous crypto wallets by 2024, which has people scratching their heads as this may extend to cash as well (logically speaking). Circle reveals the backing behind USDC in a new blog post, saying it will provide …
POKKET: Crypto Market Update (July 20)

POKKET: Crypto Market Update (July 20)

Bitcoin grinds lower to $30.7k, down -3.5% while ETH goes down -5.2% to $1800. Movers are AUDIO -17%, CELR ALICE -15%, FIS -14%, no standouts on the upside. Crypto seems to have moved lower along with broader markets, as the S&P traded -1.4% on the day, a -3.7% move from 14 July; a rare dip in the perpetual up-only machine. US Treasuries have dipped below 1.2%, with many asking who besides the Fed is buying? Elon Musk is finally going to talk to Jack at the 'The B Word' conference, where man…
POKKET: Crypto Market Update (July 19)

POKKET: Crypto Market Update (July 19)

Bitcoin is down -1% at $31.6k, ETH is lower -4% to below $1900. Movers are CHR +28%, AUDIO +17%, OAX CELR +11%, PUNDIX -10%, rest are in between. Aave is looking to release an Ethereum-based Twitter alternative this year, set to run on DeFi. DOGE is up +10% since the Elon Musk updated his twitter profile pic with Doge in his sunglasses. According to John McAfee's biographer, the tech entrepreneur was broke when he passed away due to the amount of money blown on properties around the world (doesn…
POKKET: Crypto Market Update (July 18)

POKKET: Crypto Market Update (July 18)

Bitcoin is up 2% at $32100, while ETH is higher +5% to trade at $1975. Movers are PUNDIX +31%, SUSHI +17%, YFII +10%, AXS -9%, and rest are in between. In a 'wtf?' headline, El Salvador is looking to potentially launch a national stablecoin; this follows after their decision to make vaccines mandatory in the country, which many in the cryptosphere criticised. Dolce & Gabbana has partnered with the digital marketplace UNXD to launch a collection of NFT wearables called 'Collezione Genesi'. Ot…