Galaxy Wins Auction To Acquire GK8, Crypto Daily TV 5/12/2022

In Todays Headline TV CryptoDaily News:

Galaxy Digital wins auction to buy GK8 from Celsius.

Mike Novogratz’s cryptocurrency-focused financial-services firm Galaxy Digital has won an auction to buy self-custody platform GK8 from bankrupt crypto lender Celsius Network. Terms of the deal weren’t disclosed, but Galaxy spokesman Michael Wursthorn said the price was materially less than what Celsius paid a year ago.

Gemini trying to recover $900 million from crypto lender Genesis.

The Financial Times reported that Crypto broker Genesis and its parent company Digital Currency Group owe customers of the Winklevoss twins’ crypto exchange Gemini $900 million.

Three Arrows Capital liquidators seize $35.6M from Singaporean banks.

Liquidators for Three Arrows Capital have seized $35.6 million from the collapsed crypto hedge fund’s bank accounts in Singapore, three months after getting the nod from that country’s High Court to begin probing the firm’s assets in the country.

BTC/USD skyrocketed 1.3% in the last session.

The Bitcoin-Dollar pair exploded 1.3% in the last session. The Stochastic indicator is giving a positive signal. Support is at 167001 and resistance at 172301.

The Stochastic indicator is giving a positive signal.

ETH/USD skyrocketed 2.8% in the last session.

The Ethereum-Dollar pair rose 2.8% in the last session after gaining as much as 3.3% during the session. The Ultimate Oscillator gives a positive signal. Support is at 1195.5467 and resistance at 1325.0067.

The Ultimate Oscillator is currently in the positive zone.

XRP/USD gained 0.5% in the last session.

The Ripple-Dollar pair rose 0.5% in the last session after gaining as much as 1.4% during the session. The ROC gives a positive signal. Support is at 0.3783 and resistance at 0.4014.

The ROC gives a positive signal.

LTC/USD rose 0.4% in the last session.

The last session saw Litecoin gain 0.4% against the Dollar. The CCI is giving a negative signal. Support is at 74.0567 and resistance at 79.2367.

The CCI is currently in negative territory.

Daily Economic Calendar:

US ISM Services PMI

The ISM Services PMI shows the business conditions outside of the manufacturing sector, taking into account expectations for future production, new orders, inventories, employment, and deliveries. The US ISM Services PMI will be released at 15:00 GMT, the US Factory Orders at 15:00 GMT, and the Eurozone’s Eurogroup Meeting at 00:00 GMT.

US Factory Orders

The Factory Orders measure the total orders of durable and non-durable goods, which can offer insight into inflation and growth in the manufacturing sector.

EMU Eurogroup Meeting

Eurogroup meetings are attended by the Eurogroup President, the Finance Minister of each Member State of the Euro area, the Commissioner for economic and monetary affairs, and the President of the European Central Bank.

EMU Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The Eurozone’s Retail Sales will be released at 10:00 GMT, Japan’s Overall Household Spending at 23:30 GMT, and Japan’s Jibun Bank Services PMI at 00:30 GMT.

JP Overall Household Spending

The Overall Household Spending is an indicator that measures the total expenditures of households. The level of spending can be used as an indicator of consumer optimism.

JP Jibun Bank Services PMI

The Jibun Bank Services Purchasing Managers Index (PMI) captures the business conditions in the services sector. The services PMI is an important indicator of the overall economic conditions.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.