FTX

POKKET: Crypto Market Update (Oct 22)

POKKET: Crypto Market Update (Oct 22)

24-Hour Crypto Prices: BTC - $62,899.81 -3.1% 📉 ETH - $4,124.86 -2.0% 📉 BNB - $477.86 -4.5% 📉 LINK - $29.53 +7.4% 📈 As Bitcoin and Ethereum reached all-time highs this week, the crypto market cap has pushed to a new record of $2.7T.  The total crypto market cap has more than tripled since the beginning of 2021.   Polygon has paid out a record $2 million bounty to a white hat hacker after he discovered a critical vulnerability in the protocol. Polygon dodges a potential $850M hack,…
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 8)

POKKET: Crypto Market Update (Sep 8)

Crypto is correcting as a whole, BTC is -10% to $47k, ETH is -12% to $3440. Movers are SXP -29%, DODO -28%, AKRO BZRX OGN ALICE -25%, LIT ALICE POND GTO DENT LINA REEF TRU CHR -24%, and rest of the list continues much the same, only ones up are AST +30%, FET +15%. The week looks to have played out with ‘buy the rumor, sell the news’ as the much anticipated El Salvador launch of Bitcoin as legal tender started over night. Tether minted $1B USDT two days ago which helped the pamp but sadly the gai…
POKKET: Crypto Market Update (Sep 7)

POKKET: Crypto Market Update (Sep 7)

Bitcoin is inching up +1% to $52.4k, ETH is still trying to break the $4k barrier looking flat overnight. Movers are CND +21%, FET +18%, INJ FTM +15%, MTH +12%, APPC -8%. A twitter campaign, from the likes of Michael Saylor and r/Bitcoin, urges believers in Bitcoin to buy ahead of the launch of El Salvador’s official use of BTC as currency starting today. Citizens of El Salvador who signed up for the state sponsored crypto wallet Chivo will be eligible for an airdrop of $30 worth in Bitcoin. Ple…
POKKET: Crypto Market Update (Sep 1)

POKKET: Crypto Market Update (Sep 1)

Bitcoin is flat at $46.9k, ETH is up +5.9% to $3400. Movers are YFII +30%, REN +18%, MTH +16%, FET +15%, DODO PNT +12%, ALPHA ANT +10%, LIT +9%, FTM -13%, OGN ALICE -9%. FTX US has acquired LedgerX, a crypto derivatives exchange, for an undisclosed sum though there are hints it is north of $35M, the amount the exchange raised in funding to date. Offchain Lab has launched its mainnet, Arbitrum One, which uses optimistic rollup technology for scaling Ethereum on Layer 2 and has raised $120M in a S…
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 24)

POKKET: Crypto Market Update (Aug 24)

Bitcoin is a touch higher and was over $50k at one point overnight but has settled at $49.6k for now, ETH is up +3.8% to $3333. Movers are IOST +18%, ENJ +17%, NKN YFII +15%, BNB +13%, LIT +11%, OMG +10%, CHZ DOCK AUDIO +9%, LRC -11%. Tether has started its printing press again after a 2mth hiatus by minting $2B in the past few weeks, helping to explain the recent surge in BTC price despite poor transaction volumes in comparison to prior bull moves. Visa has a “How do you do, fellow kids?” momen…
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 26)

POKKET: Crypto Market Update (July 26)

Bitcoin price is +1.7% to $34.5k, ETH is flat at $2150. Movers are DEGO +43%, LINA +25%, FET +23%, RSR +15%, CHR +13%, none on the downside. FTX has cut out the options for higher leverage, leaving on 20x as the highest amount for traders - this move was made after SBF made a statement to media about how crypto gets a bad rap for volatility and the industry should move towards allowing say 10x max. Robinhood eyes crypto lending and staking services as its next growth strategy according to their …
POKKET: Crypto Market Update (July 21)

POKKET: Crypto Market Update (July 21)

Bitcoin is softer -4% to just below $30k, while ETH is doing better, -2.5% to $1775. Movers are FET +18%, POLY +15%, LIT -17%, LINA -15%, rest in between. FTX has just closed a $900M funding round with investors Sequioa and Coinbase Ventures, at a valuation of $18B. The EU wants to ban anonymous crypto wallets by 2024, which has people scratching their heads as this may extend to cash as well (logically speaking). Circle reveals the backing behind USDC in a new blog post, saying it will provide …