Market Color YouTube

Market Color Podcast

Market Color Summary

  • Proshares Bitcoin Strategy ETF approved as of Friday 16:14:50.
  • Report circulating that Grayscale Investments plans on filing an application to convert the biggest bitcoin fund into a spot ETF early this week, according to a person with knowledge of the matter.
  • The CFTC has fined Bitfinex and Tether more than $42 million on allegations the USDT stablecoin was not fully backed, at all times and that Bitfinex violated a previous agency order.
  • Blockchain journalist Colin Wu tweeted the data from Glassnode as of Sunday, the number of Bitcoin addresses holding 1,000 Bitcoins or more is at a record low of 82.
  • Treasury’s Office of Foreign Asset Control (OFAC) has released a new brochure with crypto-specific guidance on navigating U.S. sanctions.
  • Square CEO Jack Dorsey tweeted that Square is considering building a Bitcoin mining system based on custom silicon and will be open source for individuals and businesses worldwide.
  •, the mining pool subsidiary of BIT Mining, will exit mainland China in response to the ongoing crackdown on the crypto industry in the country.
  • Bakkt Holdings (digital asset platform) has completed its merger with VPC Impact Acquisition Holdings, Intercontinental Exchange (ICE), in a deal valued at 2.1 billion.
  • China gdp growth coming in weaker and still big overhang from evergrande and other real estate development.
  • Significant dispersion in alt coins as traders rebalance and jump between coins.

CrossTower Inc. provides this content for general information purposes, to better inform you on your digital asset investment journey. We do not provide investment recommendations or provide tax advice. Please consult your investment professional or tax advisor if you require assistance in these areas.

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