The Digital Assets Report 04

The Digital Assets Report 04


  • Grayscale has best day ever with $700 million in investment
  • Ethereum reaches new all-time high to 1419$
  • Gary Gensler is officially Biden’s pick for SEC chairman
  • Investors are betting against the U.S. dollar
  • Last Thursday, President Joe Biden unveiled his $1.9 trillion dollar coronavirus economic relief plan.

BlackRock Prospectus documents filed with the U.S. SEC this Wednesday indicate:

“Certain Funds may engage in futures contracts based on bitcoin,”

BlackRock Give 2 Funds Go-Ahead to Invest in Bitcoin Futures - CoinDesk
The world’s largest asset manager appears to be getting into the bitcoin game.

After Coinbase and Bakkt (ICE), now Gemini is looking to launch its IPO

Winklevoss Twins Considering Taking Gemini Public: Report - CoinDesk
“We are certainly open to it,” Cameron Winklevoss said in the interview.

After this announcement, NVIDIA stock has rised 2.8%

NVIDIA May Re-enter Bitcoin Mining Market After Being Burned in ’18 - Decrypt
A NVIDIA executive told investors the tech company may restart a product line geared toward Bitcoin and crypto miners.

CoinShares is launching a physically-backed bitcoin ETP
Crypto asset manager CoinShares is launching a new physically-backed bitcoin exchange-traded product (ETP) today.

Market Analysis

Crypto Chart 04
BitcoinLast time we said > ‘ It is possible that wave (iv) has already finished and if so look to buy on abreak above 38772.’ We also suggested scaling in buying on the way down to the 22100 level. XBTrallied to 40094 getting us long again. I am showing the 2 unfolding scenarioswith the left …
3 reasons Bitcoin abruptly dropped by 7.4% overnight
The price of Bitcoin declined steeply overnight and three factors are likely behind the unexpected pullback.


How the Biden administration might handle crypto regulation
Yahoo Finance’s Dan Roberts joined Yahoo Finance Live to discuss how President Biden has impacted cyrptocurrency and what his election means for Bitcoin’s...
Tether Produces More Than 2.5 Million Documents to NYAG - Decrypt
Tether and Bitfinex have produced millions of documents but claim they need more time to produce additional papers.

Bitcoin Must Be Regulated Globally, Says European Central Bank President - Decrypt
Bitcoin regulation has to be addressed through “multilateral action,” says the ECB’s Lagarde. “If there is an escape, that escape will be used.”


**Goldman Sachs’ review its position on Bitcoin **

Jeff Currie, The investment bank’s head of commodities research

“I think the market is beginning to become more mature,”

  • Currie says it’s “very difficult to forecast” bitcoin’s price due to the level of volatility and uncertainty in the market.
  • More money from the financial world would need to flow into bitcoin in order for it to stabilize

Yellen Calls Terrorist Financing Using Crypto a ‘Concern’ - CoinDesk
Treasury Secretary nominee Janet Yellen said cryptocurrencies are a concern after a question during her confirmation hearing.