Defi

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 12)

POKKET: Crypto Market Update (Sep 12)

Bitcoin is flat at $45.3k, ETH is +2.0% at $3325. Movers are DIA +25%, FET +24%, CELR +18%, OMG +9%, POND NMR -12%. Ethereum is getting less expensive to use as the NFT boom takes a slight breather — transaction fees have dropped to end of August levels of ~$12, compared to $59 just days ago. OpenSea’s NFT volumes are 50% lower after its monumental surge last month. Technology from the British Post Office is being used to sell vouchers that can be redeemed on decentralised exchange Swarm Markets…
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 7)

POKKET: Crypto Market Update (Aug 7)

Bitcoin is +7.4% to $43,350, ETH is up +5.2% to $2900. Movers are FIS +34%, AUDIO +21%, HOT +17%, BZRX +15%, DOCK PNT +13%, DENT +12%, TRU -23%. Brian Brooks has resigned as Binance US CEO after only three months, as pressure mounts on the exchange from regulators. In the latest developments around the US Infrastructure Bill, according to the Washington Post Janet Yellen appears to be the reason for an abrupt change in a Senate debate over the definition of 'broker', pushing to keep it vague. Th…
POKKET: Crypto Market Update (Aug 4)

POKKET: Crypto Market Update (Aug 4)

Bitcoin price is softer again -2.4% to $38.4k, ETH is also down -4.2% to $2500. Movers are YFII +26%, LINA +18%, OAX DEGO +15%, RSR +11%, rest are relatively calm. The big headline this morning is from SEC Chairman Gary Gensler's speech at the Aspen Security Forum, saying he believes the vast majority of crypto tokens and ICOs violate US security laws and are all securities. He adds, "I believe we have a crypto market now where many tokens may be unregistered securities, without required disclos…
POKKET: Crypto Market Update (July 30)

POKKET: Crypto Market Update (July 30)

Bitcoin s flat at $40k and ETH is +3% to $2350. Movers are POWR +61%, POLY +25%, BZRX +18%, FET +16% with nothing on the downside standing out. Rep. Ted Budd, a member of the Congressional Blockchain Caucus, was a speaker at the 'Maker Speaker Series' sponsored by MakerDAO, and said Washington is scared of crypto and DeFi with some calling it "basically a financial 9/11". $1.5B in options expires today on Deribit, with the 'max pain price' at $35k and Put/Call ratio at 0.86, with bulls looking t…
POKKET: Crypto Market Update (June 30)

POKKET: Crypto Market Update (June 30)

Bitcoin is up +5% to $36k, ETH was leading the way, now +4% to $2175, just shy of $2200. Movers are STORJ +26%, AXS +18%, BZRX DOCK +16%, DENT +15%, and the rest are generally following in positive territory. CoinMarketCap is going to have token swap capabilities directly on the site through an integration with Uniswap. Coinbase is jumping into 'high-yield' crypto with 4% interest on USDC deposits; at Pokket interest is north of 11%, but who's keeping count. USDC itself is on four blockchains, b…
POKKET: Crypto Market Update (June 16)

POKKET: Crypto Market Update (June 16)

Bitcoin is flat right on $40k and ETH is down -3% to $2500. Movers are OST +15%, CHZ DOCK +12%, OGN +11%, GTO -12% and rest are in between showing less volatility. The boomer Bank of England's Andrew Bailey says Bitcoin is 'not money' and is keeping an eye on stablecoins as such technologies could become 'systemic' in the financial system. Boomer and crypto critic rep. Maxine Waters made an announcement during a hearing that she has formed a working group with Democrats focused on cryptocurrenci…
POKKET: Crypto Market Update (June 10)

POKKET: Crypto Market Update (June 10)

Bitcoin price is +13% to trade $37.4k while ETH is lagging behind +5% to $2600. Movers are MITH +38%, FIS +16%, DOCK +14%, INJ POND +12%, OST -21%, POLY -11%. El Salvador's Bitcoin bill passed yesterday, with supermajority votes. The country now embraces BTC as legal tender - starting with their Development Bank holding $150M worth in BTC, eventually moving towards holding it as reserve currency in the Central Bank while adding to this position. Yesterday 22k people listened in on Twitter Spaces…
POKKET: Crypto Market Update (June 9)

POKKET: Crypto Market Update (June 9)

Bitcoin price is -2.5% to $33000 after recovering from a 10% drop yesterday, while ETH is -5.4% to $2465. Movers are GTO +40%, OST +15%, CRV +10%, and rest are mixed between +/-7%. More Latin American countries are joining the movement created by El Salvador in embracing Bitcoin, with many politicians and influencers from the region changing profiles to laser eyes. Paris Hilton joins an Ethereum NFT project, Origin, as their advisor. Data from Chainalysis shows investors from the US made $4B in …