POKKET: Crypto Market Update (Aug 6)
Bitcoin is +1.8% to $40.2k, ETH +3.6% to $2800 after the London hard-fork. Movers are TRU +240%, FIS +117%, INJ +19%, DLT +18%, AST +17%, POND +14%.
Ethereum’s London hard-fork initiated without any large disruptions and services are starting to implement the upgrades — uptake of the new chain is ~1%, which is anticipated to slowly ramp up to eventual full adoption.
Ethan Allen, the furniture maker, is dropping their stock ticker $ETH after lots of confusion and pamping of their stock, some 50% during the frenzy early this year.
Christie’s is going to auction more NFTs, feeding on the trend, with Bored Apes, Meebits and yes, CryptoPunks.
After launching the Petro back in 2018, Venezuela is now ramping up towards issuing a CBDC in October and dropping six zeros off its ridiculously high currency notional in the process.
Lastly, the $1.3T asset manager Invesco has filed a third crypto ETF with Bitcoin exposure via CME listed futures and other global Bitcoin ETNs.
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