$114,229.00
0.73%$4,347.58
4.70%$2.97
2.46%$873.69
4.86%$186.95
4.98%$0.999762
0.00%$4,336.61
4.63%$0.35373
1.31%$0.221423
3.80%$0.883743
3.08%$26.32
9.82%$5,250.75
4.82%$114,227.00
0.68%$42.81
-0.02%$4,675.50
4.72%$0.406992
2.47%$3.57
3.02%$4,657.16
4.69%$1.001
0.02%$560.59
0.82%$0.241727
3.03%$23.47
3.63%$4,343.86
4.63%$116.81
2.42%$9.57
-0.47%$3.29
1.67%$0.999405
-0.03%$0.0000126
3.06%$0.999824
0.04%$10.58
4.98%$43.47
1.02%$3.89
3.43%$114,269.00
0.74%$1.19
0.02%$4.59
4.18%$0.144753
3.67%$260.00
-3.51%$298.07
6.50%$0.00001069
3.37%$1.32
-4.72%$0.656629
2.47%$174.23
43.19%$354.22
2.82%$21.59
3.55%$2.55
3.82%$4.49
3.16%$0.947806
2.79%$229.12
5.24%$5.28
4.01%$0.358877
2.71%$0.510852
6.02%$4,350.67
4.84%$0.999733
0.05%$1.00
0.00%$0.087784
3.72%$0.256975
6.46%$0.244737
3.50%$17.48
3.13%$4.49
3.71%$0.02396557
3.36%$4,937.91
4.60%$0.03153881
2.50%$199.89
5.19%$4.53
-0.40%$3.71
3.25%$1.064
0.00%$5.23
2.20%$4,556.27
4.54%$0.306972
0.36%$0.955353
4.94%$0.684846
2.10%$8.90
2.26%$5.84
4.32%$0.00002226
2.77%$0.99918
0.01%$0.02332237
0.74%$2.44
2.37%$4,570.24
4.63%$12.50
2.59%$4,689.61
4.64%$114,212.00
0.57%$106.14
1.53%$0.501824
3.92%$0.99965
-0.04%$0.068996
-0.90%$0.081878
-0.75%$0.999809
0.02%$14.10
5.46%$0.999694
-0.00%$0.999779
-0.02%$0.999406
-0.01%$42.91
0.14%$0.02715209
2.83%$1.73
3.87%$4,619.63
4.17%$4,581.81
4.58%$1.28
-0.69%$0.727692
4.35%$1.36
2.14%$3,349.32
0.84%$0.998672
0.12%$0.880991
5.45%$0.679879
3.93%$1.36
10.72%$113,640.00
-0.10%$1.33
2.74%$874.68
4.94%$0.00313557
10.41%$211.46
5.16%$0.55783
4.00%$1.00
0.04%$0.323011
5.22%$0.00010384
4.86%$0.380654
-1.87%$0.093171
4.68%$4,345.29
4.72%$0.189046
11.89%$114,344.00
0.78%$3,339.42
0.73%$1.12
-0.05%$2.67
3.55%$0.920687
5.18%$5.47
5.92%$3.36
5.98%$115,164.00
1.68%$0.149645
2.49%$0.870757
4.64%$0.820392
3.45%$246.39
5.20%$25.35
3.31%$4,185.10
4.29%$1.27
8.13%$4,350.61
4.81%$0.800711
3.69%$0.501705
2.40%$4,327.85
4.64%$0.199657
2.17%$0.01678267
4.86%$0.0156126
2.90%$0.449784
8.35%$2.21
8.35%$0.00959802
0.01%$112.24
0.01%$0.121146
5.25%$0.284337
3.16%$0.997555
-0.01%$113,985.00
0.49%$1.076
-0.65%$0.999813
-0.01%$4,628.46
5.09%$4,347.84
4.68%$0.00000065
0.07%$4,624.73
4.25%$39.21
11.79%$1.74
5.68%$4,785.15
4.69%$0.439255
1.94%$0.380576
3.06%$0.182915
-2.78%$4,767.09
4.73%$0.575035
1.80%$0.998054
-0.04%$0.221389
4.03%$114,181.00
0.73%$0.999736
-0.01%$0.285154
3.42%$0.138371
3.79%$26.37
0.67%$0.05264
6.24%$1.11
4.13%$0.661997
3.65%$1.25
8.34%$0.071046
0.03%$0.00853368
4.49%$2.70
8.81%$4,313.46
4.25%$0.997492
-0.07%$0.614153
2.97%$0.486694
4.02%$112,313.00
-0.70%$4,347.37
4.74%$1.001
0.10%$0.422049
4.05%$0.00508176
4.00%$0.06425
3.62%$1.32
3.13%$6.94
8.13%$0.00000047
0.43%$6.99
3.30%$0.02356401
1.55%$0.381009
8.58%$0.01280241
-0.81%$6.28
5.80%$10.79
0.01%$46.67
2.94%$1.36
5.59%$15.23
4.83%$1.16
0.02%$0.999702
-0.00%$0.996633
0.05%$0.00000108
2.64%$7.26
0.96%$0.999707
0.00%$1.097
-0.00%$0.661172
2.15%$0.375768
0.24%$0.00470234
13.09%$5.15
1.48%$0.999332
-0.16%$0.00002024
2.78%$0.00000095
8.19%$0.158948
4.07%$0.00772402
4.77%$0.04037366
3.29%$5,256.06
4.70%$2.35
4.73%$205.84
5.04%$0.03384889
6.94%$0.081642
6.55%$42.79
-0.08%$114,150.00
0.70%$0.820865
-6.21%$23.45
3.67%$22.68
0.98%$28.64
3.71%$0.531416
2.42%$0.260599
5.64%$0.750774
0.39%$0.00473938
1.97%$4,547.73
4.49%$0.13071
2.14%$132.87
3.25%$114,033.00
1.01%$0.998823
0.00%$0.00000279
-1.35%$4,323.28
4.33%$4,885.59
4.88%$1.097
0.01%$1.23
4.61%$0.160684
-0.93%$4.10
6.68%$0.244661
3.25%$0.03378774
3.91%$0.530509
3.50%$0.00006007
3.18%$0.50117
2.36%$1.21
0.03%$0.316526
2.47%Reading
Generally speaking, most leading cryptocurrencies dipped over the last seven days, but the losses weren’t as severe as the previous week.
Leading cryptocurrency Bitcoin sank 5% over the last week, and as of this writing was trading at $40,205. Meanwhile, rival Ethereum dipped 5.8% over the week, trading now for $3,040.
Solana, Cardano, and Avalanche—the three leading smart contract-enabled “Ethereum killers”—posted seven-day losses of around 8%. As of this writing, Solana was trading for $102, Cardano for $0.9536, and Avalanche for $77.58.
Terra’s LUNA posted the biggest loss among top 30 coins for the week, plunging 15% to $81.31.
Elsewhere, both Cosmos and Ethereum Classic dipped a little over 10% this week, trading for $24.32 and $39.99, respectively.
Caitlin Long spent nearly two decades at big banks Credit Suisse and Morgan Stanley before she went all in on Bitcoin. Now her company Custodia is seeking to offer banking services to crypto companies long shut out by the big banks. She talks to Dan Roberts and Jeff Roberts about identifying as a Bitcoin maximalist, crypto regulation in DC, and Web3 culture. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
On Monday, the world’s biggest crypto exchange, Binance, gained in-principle approval from financial regulators in Abu Dhabi. That gives Binance the green light to apply for a license in the UAE to operate as a virtual asset broker-dealer. Should the application succeed, the exchange could service customers across the MENA region through a subsidiary, per Bloomberg.
On Tuesday, crypto payments company Circle announced a $400 million funding round led by asset manager BlackRock. The world's largest asset manager with over $10 trillion in assets under management, BlackRock has been tapped to steward the fiat reserves backing Circle’s USDC stablecoin.
On Wednesday, Binance CEO Changpeng Zhao announced that the company is getting floorspace in the world’s biggest startup incubator, Studio F, in Paris. The move is part of Binance’s $100 million investment drive in France, first announced in November.
The deal means that Binance’s selected crypto startups will get free accommodation and access to various resources at Station F during their incubation period, alongside access to support from Binance’s team and partners.
Elsewhere, CoinSwitch Kuber became the second major Indian cryptocurrency to disable cash deposits via the popular United Payments Interface (UPI) payments system. The central bank-regulated UPI system formerly let Indian users deposit cash to buy crypto on the CoinSwitch and WazirX exchanges. CoinSwitch cited “regulatory uncertainty” as the reason for suspending UPI deposits.
On Friday, former Ripple adviser and law professor Michael Barr was named President Joe Biden’s first choice to become vice chair for supervision at the Federal Reserve. Since revealing his executive order in early March, Biden has taken a moderate and accommodating stance on crypto as he seeks to integrate and regulate it into America’s financial system.
Finally, that same day, Portuguese regulators licensed Bison Bank to act as the first crypto bank in the country. The bank is authorized to launch Bison Digital Assets, a subsidiary that will conduct custodial and exchange services of cryptocurrencies.
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,...
