Market Analysis
PayPal’s Q1 Report Shows It is “Safeguarding” $1B in Crypto
According to a recent filing, PayPal’s cryptocurrency holdings have increased by over $300 million from Q4 2022.
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Market Analysis
Market Analysis
US CPI Shows Annual Inflation Rate at 4.9% in April
Core inflation, which does not take food and energy costs into account, stood at 5.5% in April.
Market Analysis
Marathon Partners With Zero Two To Build BTC Mining Facilities in Abu Dhabi
Marathon Digital is working on a large-scale mining operation in Abu Dhabi in a joint venture with a local development firm.
Policy
Cboe Makes Third Attempt to List ARK 21Shares Bitcoin ETF
After facing two rejections, Cboe filed with the SEC for the third time to try and have a spot BTC EFT listed in the US.
Market Analysis
Short-Bitcoin Funds Saw $23M in Net Outflows Last Week
Digital asset investment products recorded a third consecutive week of net outflows.
Market Analysis
After A Month-Long Shutdown, P2P BTC Exchange Paxful is Back Online
After getting unexpectedly shut down on April 4th, Paxful, a Bitcoin exchange, announced its reopening this Monday.
Market Analysis
Crypto Exchange Bittrex Files for Chapter 11 Bankruptcy
A month after announcing its departure from the US, and several weeks after getting targeted by the SEC, Bittrex has filed for Chapter 11 bankruptcy.
Banking
PacWest Leads Friday Bank Rally, Closes 81.70% In the Green
Despite Friday proving a day of major gains for regional banks, their shares failed to fully recover from this week’s losses.
Market Analysis
Voyager Hopes to Start Distributions to Creditors In the “Next Few Weeks”
Voyager is hoping to file its Liquidation Procedure on May 5th, and then move quickly with distributions to creditors.
Market Analysis
Coinbase Rises 8%+ After Beating Q1 Revenue Estimates
Coinbase’s stock rose significantly after its earnings report showed a significant recovery in Q1 compared to last year’s “crypto winter”.
Market Analysis
Western Alliance Calls Misleading FT Report “Shameful” as Stock Drops 35%
Western Alliance stated it is exploring legal action in response to a report that sent its stock plunging in Thursday trading.
Market Analysis
PacWest Bank Drops 53% After Reports of Possible Sale Emerge
Shortly after it was reported that PacWest is “exploring strategic options”, the bank’s shares plummeted more than 50%.
Market Analysis
FTX Seeks to Recover $3.9B in Fiat and Crypto from Genesis: Report
FTX is seeking to recover close to $4 billion both from Genesis Global Capital, and the non-bankrupt GGC International.