Collective Shift

Markets Rally As Hong Kong Opens Crypto


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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.


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Collective ShiftBy Collective Shift

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