Analyst claims crypto has lost its shine. Cash App reports big quarterly Bitcoin sales. El Salvador President removes tax on tech. Coinbase says they remain committed to US Market. Gas Fees on Ethereum are at a yearly high. Coinbase held its earnings call yesterday. Montana Govenor signs friendly mining bill into law.

Welcome to Daily Digest. We surface trending news in crypto-based on conversations found on Twitter, news publications, blog posts, and other social media, powered by the Coinfeeds platform.

Trending from yesterday 👍

1. FTX seeks to claw back nearly $4B from Genesis

2. SEC changes how it officially labels digital assets in hedge fund ruling

3. SEC has 10 days to respond to Coinbase complaint

News

Here are the trending news items over the last 24 hours. If you’d like to see even more updated news and trending news updated in real-time on our website.

According to a dinosaur at Northern Trust, crypto has ‘lost its shine’

Cash App quarterly Bitcoins sales approaching $2.2B, up over 25% from a year ago. This is bullish, right?

El Salvador President removes taxation on tech innovations

Coinbase CEO says they remain 100% committed to the US Market after comments of potentially moving overseas if regulation in the US doesn’t improve or if they don’t get clear guidance

Bitcoin saw a price drop yesterday after several more banks appeared to be close to failure

Montana governor signs pro-crypto mining bill into law

Coinbase earnings were yesterday, they posted a $79M net loss, but numbers were better than expectations

In the midst of banks failing, a study shows Americans haven’t been this worried about their money in banks since the 2008 financial crisis

Gas fees are the highest they’ve been in a year. Many say its because of the memecoin mania going on right now

Coinfeeds Reddit Bot Top 3 Stories

1. Biden Aiddes explore mining $1 trillion platinum coin as solution to impending debt default

2. US SEC Changes its mind on officially labeling digital assets

3. Biden’s Crypto mining tax wouldn’t work in the UK…or the US

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