GSG Market Update – September 25, 2019

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GSG Market Update

September 25, 2019


Name Current Price 24h % 30d Vol 90d Vol 21d EMA 50d EMA
Bitcoin  $8,372.67 -13.80% 58.49% 86.96% $10,032.36 $10,218.04
Ethereum  $167.22 -15.13% 87.22% 91.14% $194.83 $199.73
XRP $0.239 -10.93% 75.85% 76.69% $0.271 $0.283
Bitcoin Cash $219.94 -23.79% 104.62% 103.71% $298.88 $310.98
Litecoin $55.08 -17.07% 89.05% 97.00% $70.34 $76.51
EOS $2.83 -21.56% 121.85% 108.67% $3.73 $3.92
Binance Coin $15.41 -20.20% 92.21% 86.04% $21.06 $23.64
Bitcoin SV $84.02 -24.99% 119.30% 114.26% $120.28 $132.45
Stellar $0.055 -13.45% 130.25% 102.84% $0.065 $0.070
Monero $58.60 -14.06% 87.44% 97.25% $73.681 $77.901

Top Stories

  • Appellate Division of the Supreme Court has stayed a previous ruling by New York Supreme Court Judge Joel Cohen, meaning Bitfinex does not need to continue turning over documents to the New York Attorney General’s office for now.
  • SEC has begun evaluating the proposed rule change to allow NYSE Arca to list and trade shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. SEC has a legally mandated 35 days from now to make a decision.
  • Securitize announced it has secured a USD $14M strategic fundraise with backers that include Banco Santander through its venture capital arm Santander InnoVentures, MUFG Innovation Partners, and Nomura Holdings.
  • KNØX launched its custody solution, which comes with a 100 percent deposit insurance via Marsh & McLennan.
  • Hut 8, a Bitcoin mining company, has been conditionally approved to be listed on Toronto Stock Exchange.
  • Flipside Crypto raised another funding round of $7.1 million led by Galaxy Digital.
  • Circle announced it will stop its line of research reports in a post on its website, saying it needs to reconsider the offering.
  • Skew raised $2 million in seed funding from several VC firms, including Kleiner Perkins, FirstMinute Capital, Seedcamp, Kima Ventures and QCP Capital.

Upcoming Events

  • Sept 27: CME BTCU19 last trade date
  • Sept 27 - Oct 4: Korea Blockchain Week 2019
  • Oct 13: Bitwise ETF Final Decision
  • Oct 25: CME BTCV19 last trade date
  • Oct 28: Mt. Gox Rehabilitation Plan Submission Deadline
  • Oct 31: Telegram Open Network Launch
  • Jan 3, 2020: Ethereum 2.0 Launch (Phase Zero)
  • Nov 2020: ZCash Halvening / Founders’ Reward set to expire



BTC Longs-Shorts

ETH Longs-Shorts

Market Cap Return

Sector Return

Tether Marketcap


Bitmex Perp Swap Funding Rates

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Twitter Daily  Discussions Happening Today on Twitter

Pomp @APompliano

Everyone was screaming about Bitcoin's hash rate drop yesterday. Today it has recovered. As many others mentioned, hash rate data is an estimation and shouldn't be counted on for accuracy in short, fixed periods of time. Onwards for the world's most secure computing network!


I log the estimated network hash rate from my node in 5 minute intervals and don't see anything out of the ordinary. Lowest estimated was ~66 EH/s, but it appears as though we just had a few slow blocks (ex: 596213, 596250, 596267, etc) that snowballed the estimate downward.
Read More

nic carter@nic__carter

This is the last week's worth of blocks ordered by interblock time. The orange line is the 144-block moving average. That little bump is what people are panicking about
Read More

James Prestwich@_prestwich

there is no real story. We literally can't measure hashrate except by it's secondary effects (headers and poolshares) watch interblock periods, time to create n blocks, and difficulty adjustments. Don't accept a single data source


That would a likely reason if the hashrate indeed dropped. I’m, however, seeing a normal block production over the past 12 hours (not enough for any conclusions) - so the hash drop could have been an outlier (hashrates are just estimates). It takes a few days to be certain.
Read More

Udi Wertheimer IS RIGHT@udiWertheimer

Hashrate estimation in < a tweet: Can’t tell how many hashes are computed by miners per second, as hashes that don’t result in finding a block aren’t known. All we know is how often a block is found, and we can estimate from there. But this only approaches accuracy over time!
Read More

The EW Guy@TheEWGuy

$BTC, looking for longs for this 5th of C.

Larry Cermak@lawmaster

Nearly $710 million was liquidated on BitMEX in the last 24 hours ($643M in BTC and $53M in ETH, $14M in EOS and XRP). Traded volume spiked a bit to $1.95B but still way lower than volume BitMEX saw in June and July.
Read More

Conner Brown@_ConnerBrown_

It’s official! Ethereum miners have unilaterally increased the gas limit and made it even harder to sync a full node. Meanwhile ethereans rejoice at how easy it was for miners to do this without public debate. C E N T R A L I Z A T I O N
Read More

CZ Binance@cz_binance

Futures trading volume exceeds spot BTC volume at times. Last 24hr was $700m Futures vs $800m spot. Talk about demand and fast-up take. The product also handled the large volatility with no significant issues. First live test.


Given the $700mln+ of sell liquidations and counting - open interest has been remarkably resilient - down only $200mln - some traders are still able to take the other side

dave the wave@davthewave

Still on track from two months back....

If the correction is as long as the parabolic rise, looking at the end of the year.
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