FTX

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 …
POKKET: Crypto Market Update (June 25)

POKKET: Crypto Market Update (June 25)

Bitcoin is +4% to $34.5k, ETH still just shy of $2k trading $1980 +2%. Movers are CRV +12%, OST -20%, rest are within +/-5% range. Paraguay announces a bill to make Bitcoin legal tender in the country, and will also encourage green mining. NYC Mayoral candidate Eric Adams has declared he wants to make NYC a "center for Bitcoin", echoing what Andrew Yang said in Feb. Jack Dorsey is launching an online conference designed to educate institutions about Bitcoin called "the B word" - it will feature …
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…