$81,896.00
5.79%$1,599.94
8.22%$2.00
9.79%$578.32
3.55%$0.999897
-0.00%$114.61
7.42%$0.156376
6.81%$0.240174
4.52%$0.625256
9.75%$1,595.23
8.09%$81,789.00
5.72%$9.39
2.68%$12.38
9.16%$0.999669
-0.02%$18.03
8.74%$3.00
-2.10%$0.234716
6.48%$0.169968
12.38%$0.00001207
10.36%$2.14
9.10%$1,915.59
8.23%$6.72
7.76%$297.19
8.78%$74.15
4.36%$3.52
1.97%$0.999535
0.24%$4.30
5.02%$0.998496
0.00%$14.00
13.15%$1,599.91
8.33%$0.596871
5.30%$28.00
1.02%$203.80
4.23%$1,700.01
8.26%$53.46
3.96%$5.18
7.31%$1.047
-0.00%$81,834.00
5.60%$0.00000676
6.80%$4.57
5.24%$22.06
4.67%$0.839282
14.34%$31.95
14.41%$2.05
6.80%$0.087862
7.70%$4.96
7.05%$0.68699
3.88%$14.84
5.05%$1.00
0.00%$1.16
0.02%$138.17
7.14%$234.14
16.78%$4.42
3.76%$0.02162976
6.53%$1.00
0.21%$3.37
13.91%$4.03
-0.06%$0.066662
9.00%$81,665.00
5.55%$0.299643
4.28%$8.00
4.65%$0.18251
5.03%$2.40
3.17%$0.17745
11.18%$2.53
9.16%$0.469469
14.56%$0.283321
3.65%$81,784.00
6.11%$10.27
7.75%$3.57
4.33%$1,329.22
6.77%$4.29
1.25%$0.423142
7.15%$0.653451
7.99%$0.36724
7.47%$0.066313
4.19%$0.668744
0.03%$1.008
5.08%$1.00
0.08%$1,599.82
8.16%$119.54
7.56%$64.39
3.16%$1,660.14
8.24%$0.607047
9.15%$0.01447281
27.54%$15.79
0.49%$0.713654
12.29%$1.00
-0.01%$0.00001077
8.81%$0.999665
0.02%$0.999686
0.01%$0.320887
4.99%$1,803.86
8.40%$0.998096
0.00%$7.87
9.05%$3,116.32
2.20%$0.078066
6.72%$0.151623
6.27%$0.739678
3.67%$0.729203
34.30%$80,924.00
5.57%$0.400973
2.79%$3,126.69
1.99%$578.54
3.49%$0.508331
8.48%$81,731.00
5.46%$0.722115
9.71%$0.999058
-0.06%$1,701.22
8.33%$0.253471
5.54%$0.01397176
6.70%$0.0000006
6.38%$0.571802
-2.85%$0.101354
4.70%$0.475227
12.48%$0.157641
4.53%$28.05
7.29%$0.343219
5.52%$1.85
3.30%$0.01113232
5.57%$3.28
11.07%$1.68
4.83%$0.998433
-0.13%$32.80
-6.61%$146.85
7.39%$0.00005299
6.42%$1,665.87
8.32%$0.496349
5.29%$0.998371
-0.04%$2.75
11.65%$1.68
4.44%$0.999918
0.00%$0.068377
2.64%$81,216.00
6.77%$124.87
6.59%$13.96
7.12%$0.999889
-0.00%$0.42106
0.52%$0.123508
4.51%$1.62
-2.22%$1.10
-0.16%$0.0046435
10.80%$3.93
13.75%$0.226089
5.84%$0.00748248
14.35%$0.451672
10.15%$81,706.00
5.68%$0.158912
0.72%$0.00000042
3.94%$0.540462
2.62%$81,814.00
5.45%$0.01229083
42.59%$1.082
-0.03%$110.63
0.01%$0.999049
-0.01%$0.999815
0.04%$5.67
3.78%$0.156022
6.73%$0.999585
-0.02%$13.92
6.96%$1.092
6.20%$2.39
5.04%$0.131718
6.38%$1,699.07
8.09%$1.78
20.48%$0.371499
10.18%$0.03899935
6.37%$22.46
0.81%$0.00001845
5.69%$81,453.00
5.30%$0.070825
3.52%$77,106.00
0.00%$0.999948
-0.02%$39.03
4.69%$0.559401
5.49%$1,600.10
8.29%$0.17286
3.87%$5.22
6.92%$1,599.28
8.12%$0.072957
3.30%$0.00629279
8.39%$0.41178
4.35%$1,669.27
8.36%$1,598.38
8.13%$0.99951
0.03%$0.76851
3.52%$0.999711
0.02%$0.182656
5.08%$0.00005791
6.42%$0.00000154
-3.72%$3.93
15.16%$0.377722
22.22%$0.999471
0.02%$0.465771
2.48%$0.02999185
3.42%$0.00351932
6.16%$1,596.68
8.39%$0.999634
-0.10%$0.140651
10.21%$0.304587
2.27%$1,612.19
7.68%$0.0275542
4.91%$2.45
1.75%$0.00427078
5.38%$102.55
7.37%$81,671.00
5.72%$3,107.19
2.02%$2.74
5.96%$0.210253
5.41%$0.00042614
70.30%$1,577.18
8.33%$0.217176
9.35%$0.445405
8.44%$81,398.00
5.56%$1.005
7.30%$20.34
3.88%$0.551835
8.80%$1,599.33
8.16%$0.0311233
12.88%$1.031
7.22%$1.00
-0.04%$0.242141
6.04%$0.580769
17.25%$0.478421
2.74%$0.03402359
5.86%$21.34
5.54%$0.168422
6.01%$1,687.86
8.14%$1.001
0.27%$1,644.27
6.08%$1,750.40
8.24%$12.85
6.27%$0.475342
16.04%$13.11
3.41%$18.02
8.62%$0.093526
5.33%$0.623787
3.02%$0.01067878
6.86%$1,737.30
8.11%$1.00
-0.00%$1.95
8.61%$3.17
21.86%$80,350.00
4.78%$2.58
3.36%$0.837942
-1.66%$0.999634
-0.04%$1,595.13
8.44%$0.5948
24.39%Reading
Markets managed to finally overcome four weeks of inertia and grow a little this week, but perennial leaders Bitcoin and Ethereum remained virtually flat, with only nominal gains over the last seven days.
Bitcoin (BTC) added 1.8% this week and traded on Saturday at around $27,189. It briefly reclaimed $28,000 at the start of the week, however, after U.S. lawmakers ended their standoff over the debt ceiling last weekend with a tentative deal.
Ethereum (ETH) outpaced the world’s favorite cryptocurrency this week. It grew 4.1% to reach $1,903 at the time of writing.
There were no significant losses among any of the leading cryptocurrencies this week, but a few coins rallied: XRP rose 10% to $0.52, Solana (SOL) grew 8% to $21.18, Litecoin (LTC) rallied 10% to $96.94, and TRON surged 9.4% to $0.083773.
On Thursday, dollar-pegged stablecoin Tether (USDT) hit a new all-time high market capitalization of $83.6 billion.
Tether’s USDT stablecoin just hit an all-time high in market capitalization, surpassing its previous peak level of $83.355 billion in May 2022, according to CoinGecko data. Tether is currently the third-largest cryptocurrency by market capitalization with a valuation of $83.6 billion, commanding 7.5% of the total cryptocurrency market capitalization. USDT dominates the stablecoin market with a 64% share out of a total stablecoin market capitalization of $130.2 billion. The supply of the second l...
On Sunday, Bali—a Hindu-majority province of Indonesia and popular holiday destination—reiterated its ban on tourists using crypto to pay for services. Bali Governor Wayan Koster warned increasingly disruptive visitors that crypto use could be punished with deportation and penalties.
Indonesian law dictates that all transactions must be settled in the local currency, rupiah. While crypto is currently permitted to be kept as an asset, using it to settle payments in Indonesia is illegal.
After details of the agreement reached between President Joe Biden and House Speaker Kevin McCarthy on the U.S. debt ceiling were made public on Sunday, U.S. Congressman Warren Davidson confirmed on Twitter on Monday that the agreement has now blocked an unpopular White House proposal for a 30% excise tax to be applied to crypto firms based on how much electricity they consume.
That day, the central banks of Hong Kong and the United Arab Emirates met in Abu Dhabi and discussed plans to strengthen their financial cooperation and work together to regulate virtual assets.
Hong Kong began allowing retail investors to trade crypto on Thursday, a move seen as a big step for crypto’s drive in China—a country that has cracked down heavily on the industry since summer 2021.
Elizabeth Warren, the U.S. Senator from Massachusetts, has sounded the alarm on the use of crypto in funding the lethal fentanyl trade, prompting her to call for more stringent regulation of the industry. "This group sold enough precursor drugs in exchange for crypto to produce $540 billion worth of fentanyl pills. That is enough fentanyl to kill nearly 9 billion people, all paid for by crypto," Warren said Wednesday during a hearing at the Senate Banking Committee. During the same hearing, Eliz...
In the U.S. on Wednesday, no-coiner Senator Elizabeth Warren continued to sound a note of alarm over crypto. As an example, Warren told a hearing of a Senate Banking Committee that crypto had been used by a criminal organization to buy precursor drugs to manufacture nearly half a trillion dollars worth of the lethal synthetic opioid Fentanyl.
A study found that crypto payments to the wallets of some China-based fentanyl precursor suppliers totaled enough to produce pills with a street value of approximately $54 billion, Senator Elizabeth Warren said.https://t.co/pyXpFageUw
— MarketWatch (@MarketWatch) June 1, 2023
Crypto exchange Gemini announced on Thursday that it has begun the process of acquiring a license to operate in the United Arab Emirates barely a week after announcing its new European headquarters in Dublin, Ireland.
In these moves, Gemini follows Coinbase, another popular exchange that has been on a global expansion drive recently as U.S. regulators continue to hit the industry with enforcement actions rather than guidance.
The Commodity Futures Trading Commission (CFTC) on Thursday issued a new proposal to revise its risk management rules to account for "evolving technologies" like cryptocurrencies and artificial intelligence.
Finally, miners in Texas can breathe a sigh of relief this week. In a meeting of the legislature on Monday, Texas Senate Bill (SB) 1751 did not pass, which means miners in the Lone Star State can continue to enjoy energy credit incentives for cooperating with the local grid in times of peak demand.
Illustration by Mitchell Preffer for Decrypt. Is Bitcoin back? For at least a little while, it feels like it may be. This time last week, it was trading for $53,229. It’s now trading above $60,000, according to CoinGecko. That’s a 12% rise over seven days, and a threshold unseen since last month. The price rise came as traders grew more confident that the Fed would slash interest rates by 50 basis points instead of 25. All eyes are on the central bank next week after two years of sky-high inter...
Illustration by Mitchell Preffer for Decrypt. There's depressing news for those hoping the price of crypto markets would improve this week. Depressing news for nearly all investors, it would seem. Bitcoin continued to drop, and hard, this week. Over the past seven days, the price of the asset has descended by more than 9% and—after dipping as low as $52,690 on Friday—rolled into the weekend trading hands for $53,229, according to CoinGecko. That’s significantly lower than its 2021 record of $...
Illustration by Mitchell Preffer for Decrypt. It was a fairly uneventful week in the crypto world... until Friday. The action-packed end to the week came with an increase in the price of Bitcoin, buoyed by crypto market optimism after Federal Reserve Chair Jerome Powell gave his strongest signal yet that he will slash interest rates come September. The price of the asset popped above $64,600, according to CoinGecko, a more than 7% rise over the week. It slid into the weekend at $63,500. Still,...
