Crypto Brief – April 6th 2021
News
Asset manager CoinShares has launched a new physically backed litecoin exchange-traded product (ETP) on the Swiss SIX exchange.
.by @JamieCrawleyCD https://t.co/kPiTkV1PNp
— CoinDesk (@CoinDesk) April 6, 2021
JUST IN: SEC documents show @coinbase and @Bakkt are the service providers behind Paul Tudor Jones' #bitcoin investments.@realDannyNelson reportshttps://t.co/Q1Ib4aWk5z
— CoinDesk (@CoinDesk) April 5, 2021
Singapore warns the public about the risks of trading #cryptocurrencies, as world warms to #Bitcoin https://t.co/ucdaaKZgNJ
More on @crypto: https://t.co/ucdaaKZgNJ pic.twitter.com/z2eIXZkzT5
— Bloomberg Crypto (@crypto) April 6, 2021
Charts
#Crypto Market Cap Surpasses $2 Trillion After Doubling This Year – Bloomberg
*Link: https://t.co/l7NUQIuACN pic.twitter.com/yNj1urjJ1Y— Christophe Barraud (@C_Barraud) April 6, 2021
Open interest across major exchanges constantly over $22 billion for almost a week now #Bitcoin
Chart: https://t.co/zSvBbrTL7x pic.twitter.com/lNjrBhFYzK
— Rafael Schultze-Kraft (@n3ocortex) April 5, 2021
Analysis
How stable are stablecoins?
In my latest report for @KaikoData, I explore stablecoin volatility and demonstrate how most coins fail to consistently keep their USD peg.
The good news: stablecoins are becoming more stable over time.
Check out my report: https://t.co/lZeMKWurHp pic.twitter.com/yi8QWPA3EO
— Clara Medalie (@Clara_Medalie) April 6, 2021
New BNY Mellon report: bitcoin stock-to-flow model, which predicts bitcoin hitting $100,000 in July, is "worth understanding" by @BillyBambrough https://t.co/etjCr8t31G pic.twitter.com/ZM3sWDyv8N
— Forbes Crypto (@ForbesCrypto) April 5, 2021
NEW: Bitcoin’s Lightning Network has grown to some 10,000 active nodes, nearly doubling from this time last year.
The network’s total capacity is now $69 million.@AsILayHodling reportshttps://t.co/O3NIdzOOpm
— CoinDesk (@CoinDesk) April 5, 2021
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