A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest in the digital asset market.
Subscribe Here to Distributed Ledger Crypto in a snap Bitcoin BTCUSD lost 3.9% over the past seven days, and was trading at around $23,297 on Thursday, according to CoinDesk data. Ether ETHUSD declined 2.6% over the seven-day stretch to around $1,865. Meme token Dogecoin DOGEUSD gained 10.9% while another dog-themed token, Shiba Inu SHIBUSD , advanced 19.7% from seven days ago.
Meanwhile, the lending activity in the crypto space has seen a bounce, Luke Farrell, crypto trader at GSR, said in an interview. Starting June, lending activities were almost “shut down to zero,” as the digital asset industry battled with contagion when crypto hedge fund Three Arrows and lender Celsius went into bankruptcy, according to Farrell. “Lenders across the spectrum, from DeFi pools to big lenders like Genesis really had no appetite to lend.
According to blockchain data, the number of addresses holding over 100 ether, 1000 ether and more than 10,000 ether have seen a sharp rise, Dunleavy noted. Still, meme coins rallied, which some attributed in part to the comeback of retail interests. I’ve written more about it here. Crypto companies, funds Shares of Coinbase Global Inc. COIN went down 3.6% to $82.37 on Thursday, and they were down 2.06% over the past five trading sessions. Michael Saylor’s MicroStrategy Inc. MSTR declined 1% Thursday to $321.95, while the shares went down 4.6% over the past five days.
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