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POKKET: Crypto Market Update (Oct 5)

POKKET: Crypto Market Update (Oct 5)

Uptober continues with Bitcoin anxious to crawl back to $50k, now at $49.4k +2.6%, and ETH flat at $3390. Movers are EVX +20%, OGN LINA +10%, POLY +8%, ADX -18%, APPC -10%, BRD AST -8%. Dapper Labs has acquired influencer platform Brud to launch a new business called ‘Dapper Collective’ which focuses on helping DAOs. Warsaw-based crypto startup Ramp, which calls itself the ‘PayPal for crypto’, reached a $300M valuation in a series-A funding round closing with $30M led by Balderton Capital. The H…
POKKET: Crypto Market Update (Aug 16)

POKKET: Crypto Market Update (Aug 16)

Bitcoin is +0.8% at $47.6k, ETH is up 1.2% to $3300. Movers are CHR +28%, SRM PNT +13%, DENT -10%. SEC records, revealed on Friday, show smaller wealth managers have been picking up Grayscale’s Bitcoin investment trust, minor examples include Clear Perspective Advisors, Ancora Advisors, Parkwood and other multi-billion dollar funds. Dark web devs have created a tool to let criminals check how clean their own BTC is, called Antinalysis, which helps launder coins and shows how risky it is to hold …
POKKET: Crypto Market Update (Aug 6)

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 th…
POKKET: Crypto Market Update (Aug 2)

POKKET: Crypto Market Update (Aug 2)

Bitcoin corrected -6% to $39,700, ETH is doing better -2.5% to $2550. Movers are ANKR +16%, ALICE -12%, AXS -11%, rest in between. Cryptwit abuzz with more NFT hype as volumes and revenues thus far in 2021 put the space as a contender in the ecommerce space - estimated revenues YTD are some $1.5B, if including CryptoPunks. Speaking of which, the founder of an NFT videogame lost 16 CryptoPunks and a bunch of ETH after falling prey to a scammer. CryptoPunks as a whole have seen prices rise 53% ove…
POKKET: Crypto Market Update (June 24)

POKKET: Crypto Market Update (June 24)

Bitcoin look healthy as it trades $33.5k +3% overnight, and ETH is just shy of $2k +4%. Movers are ANKR +40%, ALICE +21%, GRT +19%, YFII +18%, OST CELR +14%, and rest follow with no standouts on the downside. Lots of WTF headlines this morning, to start - Biden says US citizens have no chance to rebel against the government as he has nukes and F-15s so having the right to hold guns is not meaningful. John McAfee was found dead in his Spanish prison cell after Spain's courts approved his extradit…
POKKET: Crypto Market Update (June 23)

POKKET: Crypto Market Update (June 23)

Lots of emotions flaring as Bitcoin price broke $30k overnight but has rebounded back to $33800, +3% in 24hrs. ETH looks flat at $1950 despite going through the same rollercoaster, though there was a large bid in the late-afternoon. Movers are ADX -21%, ALPHA POLY -18%, BZRX -17%, INJ -16%, STMX TRU FIS -15% with the rest following mostly lower. Best performer on the day is MKR, +7%. DOGE looks flat at 18 pennies. MicroStrategy's most recent bond issue (due 2028) drops 2pts below par, while…
POKKET: Crypto Market Update (June 21)

POKKET: Crypto Market Update (June 21)

Bitcoin is slightly lower -1% to $35.5k while ETH is up +1.8% to $2200. Movers are WABI -16%, rest are within a tighter range as prices slowly grind lower. We can almost hear Will Smith's hit 'Summer Time' as vols compress. Bitcoin ETFs are holding the lowest amount of BTC since Feb25, falling to 782k BTC, a 15k BTC decline over the past three days after the 'hawkish' stance from the Fed last week. The ECB's Fabio Panetta took a neko-punch at Facebook's Diem (formerly Libra) calling it an 'unsta…
POKKET Weekly News: The Week In Crypto (26 Oct-1 Nov)

POKKET Weekly News: The Week In Crypto (26 Oct-1 Nov)

Last Week's Market Summary Bitcoin$13,525.56 (+3.55%)Ethereum$388.62 (-4.28%)Total Market Cap$396.56B (+0.14%) Bitcoin Realised Volatility34.39 (-3.03%)Bitcoin Dominance63.2% (+3.19%)S&P 5003,269.96 (-5.64%) Bitcoin touched $14,000 last week, now residing comfortably at $13,500 levels. BTC volatility has been creeping up since mid October, but down week-over-week. Since breaking $13,000 levels, BTC seem to be intent on leaving ETH in the dust, with BTC dominance now at levels last seen in Ju…