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POKKET: Crypto Market Update (Oct 25)

POKKET: Crypto Market Update (Oct 25)

24-Hour Crypto Prices: BTC - $62,012.02 +0.8% 📈 ETH - $4,135.02 -0.3% 📉 BNB - $481.47 -1.1% 📉 LINK - $30.19 -1.5% 📉 Fantom surged over 90% in the last 30 days, outperforming the likes of Solana, Avalanche and Polkadot.  A few reasons for all the excitement on Fantom is the upcoming NFT bridge from AnySwap and the consistent support of Yearn Finance founder, Andre Cronje. Cronje's first project deployment off Ethereum was to Fantom.    Worldcoin aims to onboard more people int…
POKKET: Crypto Market Update (Oct 20)

POKKET: Crypto Market Update (Oct 20)

24-Hour Crypto Prices: BTC - $63,841.23 +3.2% 📈  ETH - $3,853.89 +1.6% 📈 LINK - $26.02 +0.2% 📈 BNB - $484.37 -1.5% 📉 BITO, the first U.S. Bitcoin ETF reached $1 Billion trading volume on the first day.  Based on first-day trading volume, this would rank the ETF as one of the highest ever. On the same day as the launch of the first U.S. Bitcoin ETF, Grayscale starts the process for a physical Bitcoin ETF with the NYSE. Polkadot founder Gavin Wood announced a $777 million development fun…
POKKET: Crypto Market Update (Sep 28)

POKKET: Crypto Market Update (Sep 28)

Bitcoin is -4% at $42.5k, ETH is softer -6.4% to just under $3k. Movers are FTM +10%, PNT BZRX +9%, REN -10%, AST ADX -9%. Coinbase is releasing a new feature to allow for millions of US workers to receive BTC directly as compensation, allowing for the first iteration of getting paid in Bitcoin. Emurgo, which is the commercial arm of Cardano, is going to invest $100M in DeFi, NFTs and blockchain education. Facebook announced it will spend $50M over the next two years on metaverse related initiat…
POKKET: Crypto Market Update (Sep 22)

POKKET: Crypto Market Update (Sep 22)

Another day of correction with Bitcoin -6.5% to $41k, ETH is even lower -9% to $2760. Movers are OMG -20%, AUDIO OGN MITH -16%, FTM TRB DEGO -14%, SUSHI POND SRM -13%, rest of the Pokket listed tokens are similar, with no standouts on the upside. SPX ended the day flat, right on the 100DMA. Gary Gensler made another statement on crypto, saying it needs to be regulated in order to protect “the stability of the system,” and added “there’s going to be a problem on lending platforms or trading platf…
POKKET: Crypto Market Update (Sep 21)

POKKET: Crypto Market Update (Sep 21)

Correction in crypto markets started from last night as TradFi markets took a hit from Evergrande contagion. SPX futures are down -1.7% and FAANGs down -2.3%, a good excuse for weaker hands and leverage to evaporate in crypto. Bitcoin is -9.1% to $42.9k, ETH is lower -10.8% to just below $3k. Movers are OMG +11%, INJ -20%, AUDIO POND -19%, FTM -18%, DODO ALICE CRV SRM -17%, PUNDIX BZRX TRU OGN ALPHA -16%, and it continues on. Coinbase caved in to the SEC and has dropped their lending product pla…
POKKET: Crypto Market Update (Sep 14)

POKKET: Crypto Market Update (Sep 14)

Bitcoin is softer -1.7% to $45.3k, ETH is -2.1% to $3320. Movers are POLY +19%, SNX +13%, LIT +12%, POND -15%, CELR -13%, INJ -12%, OCEAN LINA -10%, GRT -9%. Coinbase is going to sell $1.5B of 7yr and 10yr debt in a private offering, with rates and covenants yet to be determined. The legal advisor to President Nayib Bukele of El Salvador has said the country will exempt foreign investors from tax on profits on Bitcoin investments. MicroStrategy has acquired an additional 5,050 BTC, about $250M, …
POKKET: Crypto Market Update (Sep 9)

POKKET: Crypto Market Update (Sep 9)

Bitcoin is a touch softer but basically flat at -1% to $46.3k, ETH is looking better +2.5% to $3510. Movers are IOST +38%, CELR +29%, POLY +12%, FTM +10%, LRC +8%. All the buzz has been around Brian Armstrong’s twitter thread on the SEC threatening to sue Coinbase if they launch their planned lending program, similar to BlockFi — Mark Cuban got vocal and suggested Coinbase sues the SEC for lack of transparency and straight hypocrisy. Alan Howard backed private equity firm 10T Holdings raised $75…
POKKET: Crypto Market Update (Aug 27)

POKKET: Crypto Market Update (Aug 27)

Bitcoin is softer -3.8% to $47.1k, ETH is following -3.2% to $3120. Movers are DENT KNC -12%, AUDIO PNT FTM LINA -11%, INJ CTSI BZRX TRU NKN LIT OCEAN -10%, rest are basically grinding lower with no standouts on the upside. Bitcoin’s mining difficulty went through a +13.2% adjustment overnight. Ethereum Name Service (ENS) is a new domain service allowing one to use a .com domain to send and receive ETH. The Fidenza line, a collection on Art Blocks with a limited run of 999, now has a report…
POKKET: Crypto Market Update (Aug 26)

POKKET: Crypto Market Update (Aug 26)

Bitcoin dipped overnight but has since recovered and look flat over 24hrs, now at $48k, ETH is -1.3% at $3150. Movers are ALICE +32%, SAND +18%, CHR +13%, POND +11%, EVX DEGO +10%. Circle and Coinbase have announced their stablecoin USDC will now be 100% backed by cash and short-term US Treasuries by this September. Bloomberg reports Facebook is looking to get into the NFT space through its crypto wallet Novi, without giving any specifics on how or when. UK’s FCA (financial boomer regulator) say…
POKKET: Crypto Market Update (Aug 14)

POKKET: Crypto Market Update (Aug 14)

Bitcoin is up +7% to $47.7k, ETH is leading +10% to $3300. Movers are GTO +38%, DENT +36%, LINA +21%, LRC +18%, SNX +17%, CRV +16%, AUDIO MATIC +15%, MKR POND +14%, rest follow upward, no standouts on the downside. Positive momentum possibly created by news the Biden administration reportedly has no interest in applying the Senate Infrastructure Bill’s definition of “broker” to miners, validators and devs. Bloomberg news cites an unnamed official saying the Treasury Department, which oversees th…