Daily Flash | Bitcoin and Tech Stocks Surge Despite Fed Chairs Remarks, Alameda Surrenders Shares of Voyager

Today's Headline - Bitcoin and Ether Surge After Fed Chair's Defiant Remarks: CoinDesk report

Bitcoin was recently trading at about $21,100, a more than 5% increase over the past 24 hours that helped the largest cryptocurrency regain much of the ground lost the previous day. Ether, the second largest crypto by market cap, was changing hands over $1,140, an 8% gain.

The tech-focused Nasdaq, which has increasingly predicted digital assets' performances, rose 1.6%, while the S&P 500, which contains a heavy tech component, climbed almost a percentage point after a second day of testimony by U.S. central bank Chair Jerome Powell, whose defiant tone about inflation and frank acknowledgement that the Fed's monetary hawkishness might lead to a recession soothed markets craving clarity.

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Influencer of the Day - Michael Saylor goes full maxi, slamming everything that isn’t Bitcoin

Speaking to the founder of technical analysis platform Northman Trader, Saylor told Sven Henrich that a “parade of horribles” is weighing down on Bitcoin, and regulators must act accordingly.

In explaining one of the “parades of horrible,” Saylor turned to altcoins and said only Bitcoin is a commodity because it has no issuer. He added that the 19,000 other cryptos are unregistered securities. The result is a multi-hundred-billion “cloud” trading without fair disclosure that is “cross-collateralized” with Bitcoin.

Buzzes of Yesterday - #Shopify unveils tokengated commerce, #Alameda Surrenders Shares of Voyager

Alameda Ventures Surrenders Shares of Voyager Digital Ltd

Shopify unveils tokengated commerce as part of new connect-to-consumer experience

ECB head calls for separate framework to regulate crypto lending

Meta set to begin testing NFTs on Instagram Stories with Spark AR

US Congressional hearing on digital asset regulation focuses on disclosure

Ripple v. SEC: Major Court Decisions That May Make Direction of Lawsuit Imminent

Chainalysis Launches 24/7 Hotline for Crypto Crime Victims

dYdX moves to Cosmos-based blockchain for v4

Uniswap Labs has acquired Genie, the first NFT marketplace aggregator

Author: Gate.io Researcher Peter L.
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