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.