Tether

POKKET: Crypto Market Update (Sep 20)

POKKET: Crypto Market Update (Sep 20)

Bitcoin is softer -2.3% to $47.2k, ETH is -3.2% to $3320. Movers are AUDIO +11%, CRV +9%, CELR -13%, SRM -11%, AST FET PNT -9%, and rest of the Pokket names follow lower. A Bitcoin wallet which lay dormant for 9yrs has come alive today, moving 616 BTC, worth $30M, to a different wallet. NFT project Emblem Vault, a tokenized multi-asset wallet, has exploded in volume over the last month and is the second largest NFT project with $5M in sales over the past-24hrs. This is old news by now, but Sushi…
POKKET: Crypto Market Update (Sep 18)

POKKET: Crypto Market Update (Sep 18)

Bitcoin is basically flat at $47.3k, ETH is lower -4.7% to $3400. Movers are CELR +14%, MTH +10%, MTH +9%, SUSHI -16%, SNX -13%, TRU -12%, CRV AUDIO -10%, and so forth as most tokens are lower today. The US is readying for a clampdown on stablecoins, as Treasury officials have identified what they believe are the most urgent risks posed by Tether, and is crafting a policy framework set to be released in the coming weeks. The CFTC is investigating Binance over insider trading claims, another blow…
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 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 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 (July 22)

POKKET: Crypto Market Update (July 22)

Bitcoin rebounds to $32k +8.3%, ETH is +12.7% to just shy of $2k. Movers are AXS +43%, MATIC +31%, SAND +20%, ZRX ALICE +17%, BZRX LINA AAVE +15%, nothing stands out on the downside. The entire crypto market rebounds after a two day slump being interrupted by "The B Word" conference hosted by @jack. Elon went on the live conference to discuss his stance on Bitcoin, along with sharing Space X is a hodler and he personally owns ETH. Whether this rebound is sustainable remains to be seen, but the e…
POKKET: Crypto Market Update (July 12)

POKKET: Crypto Market Update (July 12)

Bitcoin is slightly up +2.2% to $34.5k, ETH is right behind +1.9% to $2150. Movers are AUDIO +29%, MITH +15%, ALICE +14%, no standouts on the downside. The Alameda-backed ChainSwap, which bridges ETH to BSC, fell victim to another attack overnight in a vulnerability which cost $4.4M. Crypto-twitter is abuzz with Tether FUD, this time trying to highlight the 40 consecutive days of no minting while USDC mints away and eats at market share - ex-RealVision partner Grant Williams put out a podcast de…
POKKET: Crypto Market Update (July 8)

POKKET: Crypto Market Update (July 8)

Bitcoin is down -2.1% at $33400, while ETH is -1% at $2280. Movers are SAND +30%, AXS +28%, RLC +27%, MANA +21%, ALPHA +14%, LINA -10%, and rest are in between. With all the FUD circulating on Tether, which has even CNBC talking about the concerns, the stablecoin is now looking for a 'Reputation Manager' to fight criticisms. Elon Musk is now looking at potentially a $100M hit as the BTC crash dents their MTM, partly the fault of, well, the Musk after his green energy mining FUD and liquidity tes…
POKKET: Crypto Market Update (July 4)

POKKET: Crypto Market Update (July 4)

Bitcoin is slightly up +2.5% to $34.5k, ETH is also 2.5% to $2200. Movers are AXS +34%, GRT +14%, OMG +11%, AAVE SAND +10%, nothing on the downside stands out. Bitcoin mining difficulty fell by 28% overnight, the largest drop in history as the impact of China's recent crackdown echoes through. Spot volumes on Coinbase are close to the low levels recorded back in Dec20 in USD terms; under 8k BTC traded in past 24hrs - worth noting Tether has not printed anything in the past month. Newsflow and vo…