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Bitcoin News Roundup for May 7, 2020
BTC could hit $10K while mining ramps up. This is CoinDesk's Markets Daily podcast.
Updated Dec 11, 2022, 7:33 p.m. Published May 7, 2020, 4:00 p.m. 1 min read
BTC could hit $10K while mining ramps up. This is CoinDesk's Markets Daily podcast.
This episode is sponsored by ErisX, The Stellar Development Foundation and Grayscale Digital Large Cap Investment Fund.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
Today's stories:
Bitcoin Outperforming Gold and Stocks so Far This Month
Bitcoin Node Count Falls to 3-Year Low Despite Price Surge
Bitcoin Revenue in Square's Cash App Tops Fiat Revenue for First Time in Q1
Stellar Invests $5M in Abra Ahead of Blockchain Integration
Isolated From The Coronavirus -- And The Rest Of The World -- On An Arctic Expedition | 90.1 FM WABE
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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From May 20 to May 29, XRP funds took in $35 million while bitcoin and ether ETFs lost roughly $2 billion combined, with Ripple’s earlier reported XRP treasury plan still awaiting confirmation.
What to know:
- U.S.-listed spot XRP ETFs drew $11.88 million in net inflows on May 29, extending a week of gains even as bitcoin and ether funds saw continued redemptions.
- Total net assets in U.S. XRP ETFs now stand near $1.12 billion, with about $35 million added since May 20 while bitcoin and...
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