POKKET: Today’s Market Commentary (February 6)

Bitcoin up 5% to $39300 while Ethereum look unchanged at $1700. Movers are GLM +23%, AST +15%, NEXO -15%, AKRO -14% in Pokket universe.

Seattle-based Protego Trust Bank is the second crypto firm to receive conditional approval for a trust charter from the OCC to custody digital assets. The Bitfinex/Tether saga continues as Bitfinex now officially claims it has repaid the remaining balance of $550M to Tether in a loan from 2018; NYAG is still probing.

German police have seized $63M worth of Bitcoin from a scammer who hacked into others’ computers with mining malware, but they can’t get the password – this pile may join the ~3M or so lost Bitcoin.

In traditional markets SPX & FAANGs +0.4%, DXY back to 91 as 2yr notes close to the lowest yield in history (somewhere around 10bps, or whatever).

Check out today’s interest rates at POKKET.


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