Tags: CDI Data

Financial professionals stand to benefit greatly from blocking off just one hour per week to learn about a digital asset, such as one of 500 included in CoinDesk‘s Digital Asset Classification Standard.

The announcement that Kraken had agreed to “immediately" end its crypto staking-as-a-service platform for U.S. customers and to pay $30 million to settle SEC charges roiled markets.

BTC had been outperforming ETH, but the spread between the two largest cryptocurrencies has now evaporated; the ether supply continues to decline.

Declines in net transfer volume suggest investors are holding on to their BTC.

The Federal Reserve must weigh the U.S.’ debt obligations while trying to tame inflation without sending the economy into a deep recession. Its next steps could have an impact on crypto markets.

The two largest cryptocurrencies by market capitalizations‘ net position change on exchanges have gone in opposite directions.

Bitcoin rose above $23.7K in the immediate aftermath of the Federal Reserve’s moderate increase, but at least one trend points to a possible crypto price decline.

Also: Metaverse tokens surged in January. Equities close higher.

Layer 1 blockchain Aptos’ native token surged over 387 this month, leading all cryptocurrencies for gains and dwarfing the performance of bitcoin and ether. Solana’s SOL token also rose.

Crypto markets have been displaying cautious optimism ahead of the Federal Reserve’s interest rate decision on Wednesday.

Also: The Sandbox’s SAND token surges ahead of its token unlock. Equities close lower.

Holders of large amounts of bitcoin may be looking to take early profits, which could send the price lower – although probably not enough to rock markets.

Also: Polygon’s MATIC token gained 8, while Arbitrum-based decentralized trading platform Vela Exchange‘s DXP token surged 26. Equities closed up.

Bitcoin and ether were trading around new areas of support; markets were quiet ahead of a likely 25 basis point rate increase.

Also: Ether traded flat above $1,600. Equities closed up after solid GDP data.

GDP shows economic expansion, with hints of consumer stress. Jobs data remains persistently tight.

Also: Most major cryptos were in the red, but Axie Infinity’s AXS token continued to rally. Equity indexes were flat.

Also: Binance mixed customer funds with B-Token collateral "by mistake." Equities closed mixed.

The two largest cryptos by market cap are looking to establish new areas of support. Whether short-term holders will sell or stay and become long-term holders remains uncertain.

FTX’s FTT token was up 8 for the day. Equities closed higher.

But the question remains whether short-term holders will sell or stay and become long-term holders.

Also: Bitcoin rose 6 to trade at $22,300. Ether was also trading up, by 5 to $1,640. Equities closed up.

The two largest cryptocurrencies continued their strong start to 2023, but Bollinger bands have failed to reach the upper band for three, straight days.

Bitcoin rose 1.5 to trade at $21,100 after dipping earlier on Thursday. Ether was also trading up 0.6 to $1,550. Equities closed down.