POKKET: Crypto Market Update (May 25)
Bitcoin price is +11% today while Ethereum is outperforming, +24% as alts bounce higher. Movers are AST +57%, MKR MATIC +51%, OMG +47%, YFI UNI +45%, MITH ALPHA +37%, and rest follow suit, with no alt down.
Michael Saylor led a meeting yesterday with Musk and Bitcoin mining companies, saying they “have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide”. This is a vastly different approach to building consensus from developers, as all dev meetings and work are done out in the public.
Ray Dalio has finally said the words, “I have some Bitcoin”.
Jay Clayton, former chairman of the SEC, is advising the latest Bitcoin ETF contender One River.
South Korean central bank is going to kick off its first CBDC trial this summer.
Galaxy has acquired Vision Hill, a market intelligence buy-side database for institutional clients, which follows recent acquisitions of BitGo, DrawBridge Lending and Blue Fire Capital.
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