POKKET: Crypto Market Update (May 6)
Bitcoin price is +4.3% to $57000 while ETH continues to outperform at +5.2% to $3480. Movers are PNT +69%, MATIC 1INCH +14%, SUSHI +13%, LRC +12%, YFII ZRX TRU +11%, and the rest follow mostly up in Pokket listed tokens.
Dogecoin continues to rip up, and now has a higher market cap than SpaceX at $80B, DOGE +23% to 66 pennies. Fun fact: if you had put all US stimmies fully into DOGE you would have close to $500k. Cryptik-tok influencers are now targeting ETC as it pumps +35% to trade $94.
Goldman Sachs leads a series-B $15M round for crypto startup Coin Metrics.
NYDIG is ‘making it simple’ to buy Bitcoin from US banks as it partners with Fidelity to enable functionality.
PayPal posted record profits of $6B in Q1 as crypto volumes pick up.
Last headline is negative – the DOJ says a federal court has authorized the IRS to serve a John Doe summons on Kraken, seeking info about US taxpayers who conducted at $20k of transaction in crypto from 2016-2020.
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