Markets Rally As Hong Kong Opens Crypto
- Author
- Collective Shift
- Published
- Tue 30 May 2023
- Episode Link
- None
The team discusses the new deal to raise the US debt limit. They also cover Ledger and the postponement of their new ledger recover program.
- Crypto rebounded, but not by enough for May to be the market’s first monthly loss of 2023.
- A deal to raise the U.S. debt limit was finally reached, preventing the U.S. government from defaulting.
- Hong Kong will allow residents to trade certain cryptocurrencies as of June 1. Bullish news overall but unlikely to move markets in the short term.
- Ledger postponed the release of its controversial new service. Ledger owners can confidently upgrade their firmware in the interim.
