DeFi

Discover insights on top DeFi projects as Morgan Stanley predicts a crypto market upswing, Injective (INJ) collaborates with Google Cloud, and VC Spectra (SPCT) presents lucrative investment opportunities, with a special spotlight on Cosmos' (ATOM) innovative Bitcoin bridge integration.

Read on as we unravel the top cryptocurrencies worth investing in ahead of the Bull Run.

 

>>BUY SPCT TOKENS NOW<<

 

Morgan Stanley Foresees End of Crypto Winter; Predicts Upcoming Bitcoin Bull Run

In a recent analytical report on October 17, 2023, Wall Street titan Morgan Stanley has expressed a belief that the prolonged crypto winter might be coming to an end and a new Bitcoin bull run could be on the horizon. 

The bank’s wealth management division delved deep into the cryptocurrency cycle, emphasizing the significant impact of Bitcoin’s halving events on the market. Morgan Stanley’s insights come at a crucial time as investors and enthusiasts in the cryptocurrency space seek signs of

Three ways to buy bitcoin

Three ways to buy bitcoin

Korbinian Koller Korbinian Koller 14.12.2021 13:15
With more than a trillion-dollar market cap, bitcoin is now in an echelon where regulation would be fearful to intervene harshly, since a bitcoin crash would affect other markets. In a way, the last pillar is cemented for there to be little risk to think of a world without bitcoin. That being said, even if only minor, some bitcoin exposure is now widely accepted as a wise decision of portfolio management. We share three ways of purchase that we find conservative. We aim to demystify the saga of bitcoins acquisition risk due to its volatility. BTC in US-Dollar, Quarterly Chart, zooming out, away from the noise: Bitcoin in US-Dollar, quarterly chart as of December 14th, 2021. Risk is related to size. Suppose you buy a small enough amount alongside your overall market exposure, small enough that you can afford assets even to go to zero, then the risk is minimized. Would it be nice to have picked up a few thousand bitcoins when it was available at five dollars or a few hundred at fifty, certainly! Nevertheless, thinking long term and with volatility now being much less, the more bitcoin had settled in and is more widely accepted, even buying here now at US$47,000 is just fine. What we find less attractive is not owning any. And after that initial purchase, to add at price dips in bitcoin to grow a position size over time would be a possible extension of such a strategy. The quarterly chart above shows how bitcoin has always reached new all-time highs again, and there is no fundamental or technical evidence that this behavior should change. BTC in US-Dollar, Weekly Chart, buy low and hold: Bitcoin in US-Dollar, weekly chart as of December 14th, 2021. Another way to participate in the bitcoin market if you already have some exposure is buying in tiny increments when markets seem low. This means buying after one of bitcoin’s steep declines and add this way to your long-term exposure. The weekly chart above shows with a green box an approximated entry zone. We used ABC pattern recognition, volume profile, Fibonacci retracements, action-reaction models, and inter-market relationships along with other tools to zoom into such a low-risk and high success probability zone. Once such a zone is established, we go a time frame lower. In this case, the daily time frame, to fine-tune entries. Therefore, it increases probabilities and reduce entry risk even further. BTC in US-Dollar, Daily Chart, low-risk entries with quad exit: Bitcoin in US-Dollar, daily chart as of December 14th, 2021. Our third option presented is a more active way in market participation. It is refined in its form to suit more experienced traders to soothe trading psychology. In addition, it keeps entry risk to a minimum and maximizes profits. We openly share the underlying principles in our free Telegram channel. Alongside, we post real-time entries and exits for educational purposes. This approach has a sophisticated exit strategy (quad exits). It allows for partial profit-taking and expansive position size building over time to maximize one’s bitcoin exposure without added risks. The daily chart above focuses on two supply zones (yellow horizontal lines). The zones got identified by volume profile analysis (green histogram to the right side of the chart). We want the price to build a double bottom price pattern at one of these levels to enter a long position. We have already retraced from recent all-time highs in a typical percentage fashion for bitcoins trading behavior. Consequently, a turning point here is highly likely. Three ways to buy bitcoin: Overwhelm often stems from a lack of choices. After reading this chart book, we hope that those readers who feel intimidated experience a sigh of relief. Like gold, bitcoin is a store of value. We find a good likelihood that bitcoin might surpass the ten trillion gold market cap. Consequently, your investment right now has a fair chance to grow by a factor of ten or more.  After acquiring bitcoin, you can store your purchase in a small cold wallet, the size of a USB stick. Tuck it away, just like you do your precious metal coins. Buying now for the long term is still stepping in front of most market players which have succumbed to their doubts and procrastination. Consequently, it allows for this investment to be early, anticipating a likely change of the future regarding payment methods and store of value vehicles. Therefore, an asset with significant growth potential (=attractive risk/reward-ratio). Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|December 14th, 2021|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|
Bitcoin’s bullish time cycle alignment

Bitcoin’s bullish time cycle alignment

Korbinian Koller Korbinian Koller 22.12.2021 09:32
Typically, various time frames perform better or worse for a trader at different times due to cycle overlaps. Having multiple trades on simultaneously from different time frames is typically an excellent hedge. This way, one can catch the specific trading instruments’ various shorter and longer-term trends. BTC in US-Dollar, Quarterly Chart, patience pays: Bitcoin in US-Dollar, quarterly chart as of December 21st, 2021. Typical mistakes are either an early entry or a chased trade and getting out too early of a steady trend. These behaviors have to do with pleasure-seeking and pain avoidance motivation. With the chart above in mind, most pass if presented with an opportunity where rewards are paid out in ten years. Wealth preservation, which we are after, should have nothing else in mind—long-term protection with a low-risk profile and a solid performance. The chart presented above is our most conservative view of the future for bitcoin, both in price and time. Meaning, it would come as no surprise to us if much higher price levels are achieved in a much shorter period of time. Yet, we tend to estimate typically very conservative to keep emotions like greed in check. BTC in US-Dollar, Weekly Chart, Bitcoin’s bullish time cycle alignment: Bitcoin in US-Dollar, weekly chart as of December 21st, 2021. The percentage gain numbers of the previous chart assume the worst possible purchase price, which is an all-time high. If we purchase bitcoin right now or prices below recent trading prices, these numbers already drastically change. Meaning, while our pain-avoiding emotional motivators direct us in declining markets to sell, it is principle-based if you have statistically high probability models over the long term to instead think about purchasing bitcoin. As indicated in the weekly chart above, we see a window of opportunity for entries based on our quarterly chart exit time horizon. Scenario A, the more aggressive position-taking, is in a process already at the release of this chart book. Nevertheless, there is a probability that prices could decline as far as US$40,000, and low-risk entry spots within the price decline to such lower levels would be as a scenario B welcome just as well. Should prices penetrate below the US$40,000 level, a regrouping would be required before new entries could be discussed. BTC in US-Dollar, Daily Chart, Position building in motion: Bitcoin in US-Dollar, daily chart as of December 21st, 2021. Assuming entries here in our entry zone between US$47,000 and US$40,000 and exits in our first chart of this chart book, a bitcoin investment next to be an insurance play against troubled fiat currencies could provide a profit near a thousand percent. The daily chart above has marked days and entry prices of three trades we posted live in our free Telegram channel in the last five days. We took partial profits based on our quad exit strategy within hours of entry. Consequently, eliminating the original stop risk of less than a percent to zero risk. With a risk-reward ratio of 1:1000, we find it reasonable to sit through a few years with the remainder position size for sizeable rewards. Bitcoin’s bullish time cycle alignment: Some of the worst mistakes in history were made based on the shortsightedness not to think long term. As creative and inventive a species, we cannot help but follow emotions that often do not have our own best interest in mind. One such emotion is instant gratification. It seems almost a burden to wait for being rewarded patiently. Yet, it is this discipline one needs to be a successful trader. First, you need the patience to not always be too early with one’s entry in a trade not to catch a falling knife. Then you require the patience not to chase a trade if you missed it.  Instead, wait for a later chance to get another low-risk entry spot or to pass up on the trade altogether. And foremost, once finding yourself in a good trade, it is imperative to sit on your hands and let the trade mature to full profits. The higher the time frame of your play is, the harder this test of your patience becomes.Remedies are good planning, consistent reviewing of a plan, rigorously following it, and employing an exit strategy suitable to your psychology (see our quad exit strategy). Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on our gold model, precious metals and cryptocurrencies you can subscribe to our free newsletter. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|December 21st, 2021|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Visor Finance Hacked For $8M in Latest DeFi Exploit

Visor Finance Hacked For $8M in Latest DeFi Exploit

BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. BeInCrypto (BeIn News Academy Ltd), we're writing about crypto. 22.12.2021 05:22
The latest decentralized finance (DeFi) exploit victim this week is the active liquidity management protocol Visor Finance. The DeFi protocol team reported the incident in a tweet in the late hours of Dec, 21. It stated that the staking contract had been exploited and user funds would be replaced. We are aware of an exploit of the vVISR staking contract and are implementing a migration plan for affected VISR. No positions or hypervisor’s are at risk. An hour or so later, Visor Finance stated that it will be implementing a token migration based upon a snapshot before the exploit. Not the first time In a post mortem a few hours later, the Visor team revealed that a malicious smart contract drained the protocol’s staking contract of 8,812,958 VISR tokens. At the time of the exploit, this was valued at around $8.1 million. A flaw in the staking contract enabled a user-created contract to manipulate the transfer function and drain the staking pool. It comes a little too late, but Visor Finance said that its current audits are in process and a new contract will be written; We are engaged with both Quantstamp and ConsenSys Diligence for December and January audits and this new staking contract will be included. The team stated that it will be launching a new token, replacing the old VISR token ticker symbol with the new one. It added that this has already begun and users will get recompensed 1:1 with the new token which it has already started listing. “No one should buy VISR as it will not be redeemable for the new token,” the blog post stated. It’s not the first time the protocol has been exploited. In late June an attacker obtained access to an account that managed some of its admin functions resulting in the theft of around $500,000. VISR token collapses Just as it did when the protocol was exploited earlier this year, the VISR token has collapsed to virtually zero. Before the hack, around nine hours ago at the time of press, VISR was trading at $0.93 according to CoinGecko. It has currently crashed to $0.02 having lost 97.5% over the past few hours. The beleaguered token is currently down 99.4% from its May 5 all-time high of $4.11. It is the second major DeFi exploit in as many days as Grim Finance lost $30 million on Monday. The post Visor Finance Hacked For $8M in Latest DeFi Exploit appeared first on BeInCrypto.
The 10 Public Companies With the Biggest Bitcoin Portfolios

Crypto Prices Reviewed - 25.01.2022 - by Korbinian Koller

Korbinian Koller Korbinian Koller 25.01.2022 11:02
Bitcoin will create, not destroy BTC in US-Dollar, monthly chart, no rush: Bitcoin in US-Dollar, monthly chart as of January 25th, 2022. All the typical fears came forward after last week’s price decline in the crypto space. Fears on why to get out of one’s bitcoin hodls. Even to walk away from the idea of bitcoin being a good store of value. But the emotional decision in market participation is often the wrong choice to come out ahead. Bitcoin will not be regulated away. With a near 100 billion tax revenue, bitcoin is unlikely to be banned in the USA. It has established itself in size as an income stream that no one could afford to give up. The monthly chart above shows that after the recent double top bitcoin´s two year strong up move has seen three months of a price decline to the 50% Fibonacci retracement line. To the right of the chart, we portray two fictitious candles as we see a likelihood of the future to unfold over the next two months.   BTC in US-Dollar, weekly chart, sideways to up: Bitcoin in US-Dollar, weekly chart as of January 25th, 2022. On January 20th, the Federal Reserve Board released a discussion paper that examines the pros and cons of a potential U.S. central bank digital currency. News like this shakes up investor’s minds, fearing possible conversions where fiat currency savings might lose some of their value. On top, massive fear ruled the market over the last few days and weeks, a time when professionals know that opportunities are just around the corner. A look at the weekly chart reveals that the right top of the monthly double top had a substructure of a head and shoulders formation. Last week, the shoulder line broke and sent prices plummeting for a near 22% loss. Prices find themselves now in a value zone. In the histogram to the right of the chart, we see a fractal volume analysis. This analysis suggests supply in the price zone between US$36,000 and US$31,000. BTC in US-Dollar, Daily Chart, Bitcoin will create, not destroy: Bitcoin in US-Dollar, daily chart as of January 25th, 2022. As much as we expect a sideways zone for four to eight weeks before bitcoin prices head significantly higher, we already attempted three long trades on a daily time frame after prices entered into the value zone pointed out on the previous chart. Our approach of position building thanks to a quad exit strategy exploit low-risk entry points. Consequently, we were able in the past to catch bitcoin long-term trades near their price lows. News has more than once in the past accelerated price up moves for bitcoin in an unexpected fashion. As a result, we are actively scanning for low-risk opportunities already now. The price moves marked in white show how prices decline quickly in bitcoin, while typically trading sideways most of the time. Fortunately, rising prices act just the same way. The volume profile to the right of the chart shows four significant supply zones. (marked in orange dotted horizontal lines.) Bitcoin will create, not destroy: The good news is that government’s conversion of fiat money to digital might scare people into fleeing with their savings into bitcoin. Henceforth, they further stabilize this payment method. We mention this possible future for bitcoin since changes could be rapid, significant, and surprising. Consequently, bitcoin might find itself in a fast uptrend with high price targets to be expected. We also want to point out the nature of your participation in long-term bitcoin acquisitions. You are not only a speculator on a perfect investment, but also a holder of a positive value. A principle value that protects your freedom of purchasing power. A purchasing power that isn’t transparent allows you to conduct business as you please. Transactions without a controlling force casting a shadow over your choices. Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|January 25th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Decentralized Autonomous Organisation - Another Addition To Our Personal Dictionaries

BTC +7.3% (ca. $37k), ETH +7%, LUNA -25% - Last Week On Cryptomarket

Alex Kuptsikevich Alex Kuptsikevich 31.01.2022 09:48
Bitcoin gained 7.3% over the past week, ending last week near $37,700. Ethereum added 7%, while other leading altcoins in the top 10 showed mixed dynamics: from a decline of 25% over the week (Terra) to a rise of 4.6% (Binance Coin). Terra's collapse is linked to the scandal surrounding the Wonderland DeFi protocol. The total capitalisation of the crypto market, according to CoinGecko, rose 1.7% to $1.79 trillion for the week. The week didn't start encouragingly for bitcoin. The first cryptocurrency updated six-month lows below $33,000, but BTC sharply redeemed the short-term fall amid an equally sharp rebound in US stock indices. The US stock market interrupted last week's decline and rose for the first time after three weeks of decline. Apple's stock price jumped on Friday after a positive quarterly report and on Tim Cook's statements about the great potential of the metaverse. The rise in the stock market also contributed to the rebound in the cryptocurrency market, which again points to the strong correlation of stock and digital assets in recent times. This trend could continue at least until the end of this year. Despite stabilisation, the situation in the crypto market remains very fragile. Bitcoin could end up falling for the third month in a row. The decline in January is over 17%, and the first cryptocurrency has already lost 45% since the highs in November. The US Treasury Department plans to revisit the controversial FinCEN proposal for mandatory verification of bitcoin wallet users in 2022. If adopted, the proposal would require cryptocurrency exchanges to collect personal data from their users.
Bitcoin, Fed, Stocks and Bonds

Bitcoin, Fed, Stocks and Bonds

Korbinian Koller Korbinian Koller 01.02.2022 13:18
Bitcoin, the plan, and its execution The Plan: It is an election year when Democrats will project political pressure upon the Federal Reserve to not risk through aggressive policy changes a stock market collapse to keep their votes. As a result, more money printing expands inflation, which supports the interest for bitcoin as an inflation hedge. Should we see in opposition for whatever reason a rapid stock market decline, the investor would unlikely be interested in owning stock or bonds. While initially, bitcoin prices would likely fall alongside the markets, money will likely flow into bitcoin shortly afterward. The execution: With bitcoins prices suppressed from their recent decline (down 52% from its last all-time high at around US$69,000), we have another edge for minimizing exposure risk. BTC in US-Dollar, monthly chart, high likely turning points: Bitcoin in US-Dollar, monthly chart as of January 31st, 2022. The chart above depicts five supply zones we have our eye on. We will try identifying low-risk entry points on smaller time frames at or near these points and reduce risk further with our quad exit strategy. We already had entries near zone 1 and 2 and posted those live in our free Telegram channel. BTC in US-Dollar, weekly chart, bitcoin, the plan, and its execution, reload trading: Bitcoin in US-Dollar, weekly chart as of February 1st, 2022. Once the more significant time frame turning point is identified (white arrow), we will add what we call ‘reload’ trades (see chart above) on the smaller weekly time frame. We do so by identifying low-risk entries in congestion zones (yellow boxes) on the way up. We aim to arrive near the elections in November with a sizable position that is due to our exit strategy being risk-free. Playing with the market’s money will allow for positive execution psychology and ease us to observe our position through an expected volatility period, with further profit-taking into possible volatile upswings that are only temporary in nature. BTC in US-Dollar, Quarterly Chart, long-term profit potential: Bitcoin in US-Dollar, quarterly chart as of February 1st, 2022. While this year’s midterm trading on the long side of the bitcoin market could provide for substantial income from the 50% profit-taking of each individual trade and reload based on our quad exit strategy, the real goal is to have a remaining position size that could potentially go to unfathomable heights, since we see in the long term the inflation problem not going away but rather culminating in a bitcoin rise that could be substantially much larger in percentage than alternative inflation hedges like real estate, gold, silver and alike. Not to say that we find it also essential to hold these asset classes for wealth preservation. The quarterly chart above illustrates the potential of such a position. We illustrated both in time (six years) and price (US$ 134,000) our most conservative model in this chart. Bitcoin, the plan, and its execution: We see no scenario where inflation is just going away. The above narrative shows that a short-term fueling of inflation is likely. Furthermore, a high-risk scenario is fueling inflation even more. Should markets decline rapidly, it can be expected that money printing and buying up the market is the most predominant solution applied. Consequently, the average investor would wake up relieved that prices wouldn’t decline any further but liquidating their holdings in a further inflated fiat currency will have massively decreased purchasing power. Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|February 1st, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Crypto Airdrop - Explanation - How Does It Work?

February 8th, 2022, Crypto Chartbook

Korbinian Koller Korbinian Koller 08.02.2022 20:48
Stacking bitcoins winning edges It is not the number of edges that get it low risk. And again, there are no hidden magic formulas. What works well is covering multiple aspects in stacking one’s edges: Market behavior Time of day Oscillators for ranging markets Indicators for trending markets Supply/demand zone identification (VWAP=volume weighted average price, in addition to support and resistance lines) Inter-market relationships Leading/lagging (relative strength within a sector or group) Candlestick pattern Volume Time frame relationships Action-reaction principle News Day of the week Swing leg count MAE (=maximum adverse excursion) Mathematical/statistical edges like standard deviation Your list might look vastly different but should include tools that cover the principal variants of market behavior (ranging, trending, slow/fast price action, liquidity, time, volume, transactions). Investopedia is a good research tool for finding definitions and explanations of the various available technical tools. BTC in US-Dollar, daily chart, how we stack odds in our favor: Bitcoin in US-Dollar, daily chart as of February 8th, 2022. Our previous chart book release described fundamental reasons for being bullish on bitcoin, which we stack in a similar principled fashion. We pointed out that we were looking for low-risk entry points to build up a long-term position for bitcoin. Such a low-risk opportunity arose on February 3rd, last week. We had the following edges stacked at the time of entry (green arrow): General price strength (directional yellow line channel) Previous day retracement (action-reaction principle) Small range Doji for tight stop and possible reversal indication VWAP (blue histogram to the right of the chart) indicating a supply zone Scheduled ECB news item out of the way Time of week Time of day (we entered near the close of the daily candle) Extended from the mean (blue line, standard deviation) Commodity Channel Index (CCI). A momentum-based oscillator useful in congested sideways channels, gave the prior day to execution indication of a long entry (yellow arrow) We posted our entry in real-time in our free Telegram channel. Within a 24-hour period, we could profit on half of the position size for a gain of 8.73%. We also posted this first profit-taking target in real-time in our free Telegram channel. Our quad exit strategy provides income-producing revenues like this but, even more, eliminates risk. Consequently, this approach supports trading the remaining position with psychological ease for the intended long-term holding period. Hence, even starting out as a a short-term trade, the last 25% of the initial position can become a long-term invest. BTC in US-Dollar, weekly chart, well-positioned: Bitcoin in US-Dollar, weekly chart as of February 8th, 2022. With previous entries at recent lows established in much the same manner, we are now exposed to the market with seven remaining rest positions at zero risk. Such an approach can afford to negate whether this will be the long-term turning point or not. Profits have been made. Should our plan pan out, then the remaining exposed capital will lead to further profits. Otherwise, this remaining position size will stop out at breakeven entry level. The weekly chart shows now a confirmed situation of a weekly bar takeout. For most traders this is an entry signal while we were already well established. We are playing with the market’s money and profits banked. With this time frame alignment more money is expected to join the long side. The chart also illustrates the favorable risk/reward-ratio to the right of the chart.   BTC in US-Dollar, monthly chart, early bird: Bitcoin in US-Dollar, monthly chart as of February 8th, 2022. A glance at the monthly chart shows we are positioned very early and aggressively for this time frame. Nevertheless, as soon as prices might reach US$48,000, we will find ourselves here as well time frame aligned with a bar takeout. Green numbers show our entry prices for January with two entries and February with five entries. Should prices move upwards in our favor, we would take again partial profits near the red horizontal trend line slightly below all-time highs. The remaining positions stays in place for a possible breakout to all-time new highs. Too late if you are not positioned yet? No! This continuous flow of adding low-risk entry trades followed by partial profit-taking allows participating at all stages of market swings. Stacking bitcoins winning edges: In short, you want to have a clear instruction sheet on what to do in whatever market condition bitcoin throws at you. With a set of tools broadly covering all these variants and measuring them, you will be able to act without hesitancy. Then you can hope for the best, since you planned for the worst. Risk control is the core of each advanced trading approach! We aim to keep it simple, like a card counter, which supports executing high probability winning trades. At the same time, the crowd is confronted by surprising news or fast-moving markets. They use reactionary, inappropriate execution, which in turn creates losing trades. Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|February 6th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, bitcoin consolidation, crypto analysis, Crypto Bull, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Mining Stocks Don't Stay As Strong As Gold

Mining Stocks Don't Stay As Strong As Gold

Przemysław Radomski Przemysław Radomski 11.02.2022 15:41
  In line with bearish bets, miners have thrown a match. Gold, however, doesn’t want to leave the ring without a fight. How long will it stay high? While gold remains relatively firm despite stock market turbulence, rising real yields, and bearish technical indicators, even a confluence of headwinds hasn’t been able to knock the yellow metal off its lofty perch. However, mining stocks haven’t been so lucky. With my short position in the GDXJ ETF offering a great risk-reward proposition, the junior gold miners’ underperformance has played out exactly as I expected. Moreover, with major spikes in volume preceding predictable sell-offs (follow the vertical dashed lines below), I’ve warned on several occasions that the GDX ETF is prone to tipping its hand – we saw this volume spike in January, which was the 2022 top (as of today). In addition, with mining investors’ power drying up by the day, the medium-term looks equally unkind. Please see below: On Wednesday, gold miners fell. Even though they declined by just $0.06, it was profound. The miners were following gold higher during the early part of Wednesday’s (Feb. 9) session, but they lost strength close to the middle thereof and were back down before the closing bell. If the gold price reversed and then declined during the day, that would have been normal. However, gold stayed up. This tells us that the buying power has either dried up or is drying up. When everyone who wanted to get into the market is already in it, the price can do only one thing (regardless of bullish factors) – fall. Those who are already in can then sell. Monitoring the markets for this kind of cross-sector performance is one of the more important gold trading tips. Look, I’m not saying that declines now are “guaranteed”. There are no guarantees in the markets. There might be buyers that haven’t considered mining stocks that would now enter the market, but history tells us that this is unlikely. Instead, declines are very likely to follow. Yesterday’s big daily decline confirmed my above comments. Gold miners declined much more than gold did, and they did so at above-average volume. The latter indicates that “down” is the true direction in which the precious metals market is heading. To that point, the HUI Index provides clues from a longer-term perspective. When we analyze the weekly chart, it highlights investors’ anxiety. For example, after hitting an intraweek high of roughly 260, the HUI Index ended the Feb. 10 session at roughly 250 – just 3.99 up from last Friday – that’s an intraweek reversal. Furthermore, with the index still in a medium-term downtrend, shades of 2013 still profoundly bearish, and sharp declines often preceded by broad head and shoulders patterns (marked with green), there are several negatives confronting the HUI Index. As such, a sharp drawdown will likely materialize sooner rather than later. Please see below: Finally, the GDXJ ETF is the gift that keeps on giving. For example, with lower highs and lower lows being part of the junior miners’ roughly one-and-a-half-year journey, false breakouts have confused many investors. However, while I’ve been warning about the weakness for some time, more downside is likely on the horizon. To explain, I wrote on Feb. 10: I emphasized before that juniors hadn’t moved above their 50-day moving average, and that they stayed below their rising blue resistance line. Consequently – I wrote – the downtrend in them remained clearly intact. Yesterday’s reversal served as a perfect confirmation of the above. The previous breakdowns were verified in one of the most classic ways. The silver price has been quite strong recently, which is also something that we see close to the local tops. The reversals in mining stocks, the situation in gold, outperformance of silver, AND the situation in the USD Index (the medium-term support held) together paint a very bearish picture for the precious metals market in the short and medium term. All in all, if the weakness continues, I expect the GDXJ ETF to challenge the $32 to $34 range. However, please note that this is my expectation for a short-term bottom. While the GDXJ ETF may record a corrective upswing at this level, the downtrend should continue thereafter, and the junior miners should fall further over the medium term. In conclusion, gold showcased its steady hand throughout the recent volatility. However, mining stocks have cracked under the pressure. With the latter’s underperformance often a bearish omen for the former, the yellow metal’s mettle may be tested over the medium term. As such, while the long-term outlooks for gold, silver, and mining stocks remain profoundly bullish, a final climax will likely unfold before their secular uptrends continue. Thank you for reading our free analysis today. Please note that the above is just a small fraction of today’s all-encompassing Gold & Silver Trading Alert. The latter includes multiple premium details such as the targets for gold and mining stocks that could be reached in the next few weeks. If you’d like to read those premium details, we have good news for you. As soon as you sign up for our free gold newsletter, you’ll get a free 7-day no-obligation trial access to our premium Gold & Silver Trading Alerts. It’s really free – sign up today. Przemyslaw Radomski, CFAFounder, Editor-in-chiefSunshine Profits: Effective Investment through Diligence & Care * * * * * All essays, research and information found above represent analyses and opinions of Przemyslaw Radomski, CFA and Sunshine Profits' associates only. As such, it may prove wrong and be subject to change without notice. Opinions and analyses are based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are deemed to be accurate, Przemyslaw Radomski, CFA and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Radomski is not a Registered Securities Advisor. By reading Przemyslaw Radomski's, CFA reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Przemyslaw Radomski, CFA, Sunshine Profits' employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.
Crypto Charts - BTC Monthly, Weekly, Daily Chart

Crypto Charts - BTC Monthly, Weekly, Daily Chart

Korbinian Koller Korbinian Koller 22.02.2022 09:33
Bitcoin, best in play   The Covid environment brought an additional variant risk factor to the table, especially when it comes to investor psychology. Our last weekly chart book publication made a case for positioning one’s risk hedge plays this year when equity markets most likely trade in a volatile sideways range. We also spoke of a proper wealth preservation strategy, holding both bitcoin and gold within a hedged risk reduction approach for your monies. With our primary focus on risk, the next question is allocation size between bitcoin and gold. As mentioned in the intro, it feels intuitively natural to have significant exposure to the gold side from a cycle history. Yet, insurance seems essential at this time, and as such, we tend to be a bit more aggressive towards bitcoin allocations. Bitcoin, daily chart, not just yet: Bitcoin, daily chart as of February 22nd, 2022. The daily chart reflects the common notion of bitcoin trading alongside PMI numbers and the market as a whole. With the recent break of the modest bounce from the US$33,500 level up leg (yellow up-channel), no immediate low-risk entries for longer-term exposure seems in play.   Bitcoin, weekly chart, great setup, bitcoin, best in play: Bitcoin, weekly chart as of February 22nd, 2022. Nevertheless, we find now zooming out to the weekly time frame a quite interesting entry zone (white box) between the levels US$30,000 to US$34,000. We identified by stacking multiple edges that an entry near US$31,800 would provide the most low-risk entry profile. However, it will depend on how prices will arrive at these levels. As such, we encourage you to check back in our free Telegram channel.  There we post-entries, and exits for educational purposes in real-time. Bitcoin, monthly chart, amazing potential: Bitcoin, monthly chart as of February 22nd, 2022. Where matters become more transparent, and our headlines supported, is at a view of the monthly chart. The first leg up was nothing short of a 1,600% advancement. Now we have been trading for a year in a bullish up sloping sideways channel. With a possible entry at the lows of this channel, a long-term investment provides for a stellar risk/reward-ratio. The second legs are typically longer than the first legs! But that is not all; bitcoin has a higher probability of four-leg moves versus three-leg moves. Consequently, this trade could turn out to be highly profitable after some time. One aspect of risk is the relationship between the size of a potential down move of price and the size of a likely up move. We find bitcoins’ upward potential much more significant than gold for its fundamental characteristics and stellar outperforming history percentagewise. Bitcoin, best in play: Summing it up, bitcoin might not be at its lowest retracement levels yet. Still, its powerful potential in risk/reward-ratio and as an overall risk hedge makes it best in play. We share a low-risk cost averaging in strategy in our free Telegram channel. We find that allocation of funds should be more dominant towards bitcoin. In addition, holding some cash as much as money is deflating can still be a good strategy. Cash is king to purchase desired goods and vehicles, especially when those are even more depressed.    Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|February 22nd, 2022|Tags: Bitcoin, Bitcoin bounce, bitcoin consolidation, Bitcoin correction, crypto analysis, crypto chartbook, DeFi, Gold, Gold bullish, low risk, NASDAQ, quad exit, S&P 500, technical analysis, trading education|0 Comments
SolScan - Many Of Investors Probably Don't Know This Term

SolScan - Many Of Investors Probably Don't Know This Term

Binance Academy Binance Academy 22.02.2022 11:46
TL;DR SolScan is an alternative Solana blockchain explorer. It gives you access to blockchain data regarding transactions, contracts, accounts, and more. If you regularly use Solana or do any troubleshooting, understanding how to use a blockchain explorer is extremely useful. SolScan also has DeFi and NFT dashboards and an analytics platform to browse. You can also use their API to create customized feeds for yourself. All of these are found in the header of the website.   Introduction Solana is a Proof of Stake (PoS) blockchain where project developers can build DApps, tokens, and smart contracts. Like any other active chain, users need an intuitive way to access the blockchain data. Similar to BscScan and EtherScan, Solana also has a dedicated block explorer called SolScan. Let's run through its most important features and a few basic tutorials.     What is SolScan? SolScan is a blockchain explorer used to search through information on the Solana blockchain. It’s a popular alternative to the official Solana explorer. SolScan turns complex transactional data into something that can be easily read. The block explorer provides access to anything recorded on-chain, including crypto transactions, addresses, smart contracts, blocks, tokens, and more. It’s free to use and doesn’t require an account, but you can create one and log in for enhanced functionality.   Why should I use SolScan? Using a blockchain explorer is essential for anyone transacting with a network. If you aren’t sure where your staked funds have gone, or perhaps a transaction is still pending, you can use SolScan to find out what’s happened. All information on SolScan comes directly from the Solana blockchain, so you can be sure it’s accurate. Using SolScan or any blockchain explorer will help you understand the mechanics of DApps you interact with and the transactions you make. SolScan uses the same format as EtherScan, making it easier to understand. Many users prefer its layout to SolScan’s official explorer. It’s all free to use and contains several useful tools, lists, and analytical graphs. The explorer also contains a set of public APIs that can leverage real-time data from SolScan into custom, third-party applications, and tools.   How to look up transactions and addresses on SolScan? One of SolScan’s most-used features is the search function for transactions and addresses. With the correct hash, you can quickly access a large amount of information. This includes transaction fees, confirmations, timestamps, addresses involved, and more. Transactions 1. Every Solana transaction is recorded on the Solana mainnet with a signature. This is a long string of numbers and letters that looks like this:  5JLcGJQfZjEEuh1bSDqyw2iEfLuFRoYRJY1paoSwrZC8c8zZFW3VqvxsJgjW3bsUjTrpEUDEtvs83PxsuR6hUWqz 2. Copy and paste the signature into SolScan’s search bar and hit enter.     3. You’ll now see all available information about the transaction you searched. This is divided into three categories: [Overview], [SOL Balance Change], and [Token Balance Change].     4. The [Overview] category will have most of the details you need. Let’s go through the list: Signature An alphanumeric string uniquely assigned to each transaction. It’s an identifier similar to Ethereum’s Transaction Hash or TxID. Block The block number your transaction was processed in. These numbers are sequential and indicate your transaction’s placement within the blockchain’s history. Timestamp The timestamp associated with the block in which your transaction was processed. Result The transaction’s confirmation status. Signer The wallet address that initiated the transaction. Fee The fee paid for the transaction. Main Actions An overview of the activities associated with the transaction. Previous Block Hash The alphanumeric hash to identify the previous block. Instruction Details A detailed log of the transaction’s actions. Program Log A detailed log of the instructions/actions results.   5. For further information, the [SOL Balance Change] and [Token Balance Change] tabs provide data on the transaction’s token balance changes for all parties involved. Addresses A similar method can be used to find out more about an individual address. You can then check a detailed history of the address's activities. This can give you an overview of the transactions and smart contract interactions of a particular wallet. 1. Find the Solana address you want to look at. It’s shorter than a signature and looks something like this:  138KHwTqKNWGLoo8fK5i8UxYtwoC5tC8o7M9rY1CDEjT 2. Copy and paste the address into SolScan’s search bar and hit Enter.     3. You’ll now see all available information about the account you searched for. The [Overview] section shows current account balances, while the bottom tabs deal mainly with transaction history.     How to find tokens on SolScan? Tokens are easily verifiable on SolScan and you can get a full display of their details. You just need to: 1. Copy and paste the token address into SolScan’s search bar and hit enter. In this example, we’ve used a wrapped version of Bitcoin (BTC), but you can also use a wrapped version of Ethereum (ETH) or any other SPL-token in the Solana network. The token address looks like this:  9n4nbM75f5Ui33ZbPYXn59EwSgE8CGsHtAeTH5YFeJ9E 2. If you entered the address correctly, you would see the following information.     Tokens Fully Diluted Market Cap This is the max total supply multiplied by the token’s current price. It’s called diluted because it also includes locked tokens. Max Total Supply The total number of tokens that will ever exist for a particular cryptocurrency, whether previously mined or issued in the future. Holders The number of addresses holding the token. Social Channels Links to the token’s official social media channels. Token name The name and ticker of the token in the format: [token name (TICKER)]. Token address Unique alphanumeric address assigned as an identifier for each token. Owner Program A class type and unique ID indicating the specific owner program responsible for reading and writing data to the blockchain. Authority The account (usually multi-signature) that has authority to validate transactions within the network. Decimals How divisible a single token is (the number of decimals allowed). Tags Descriptive tags used to indicate the nature of the token. It can be used to find similarly categorized tokens. Transactions A complete and sequentially ordered list of all token transactions. Holders A full list of all accounts holding the token ordered by total quantity held and percentage share. Analysis Graphs on token distribution and holders. Markets A list of all known markets and pairs supporting the token.   How do I find Solana’s active accounts? 1. You can find out the number of active accounts and other key blockchain metrics by clicking [Analytics].     2. The SolScan analytics page has a wide range of information about network nodes, transactions per second (TPS), new tokens, new NFTs, and more. Under the [Accounts] header, you can find the number of daily active wallets.     3. Note that you can select different periods at the top right corner.     How to access DeFi dashboards on SolScan 1. Some of the largest DEXs in the Solana ecosystem have dashboards built into the Solana block explorer. You can find them quickly under the [Defi] tab.     2. Let’s take a look at Orca. This dashboard shows basic information on Total Value Locked (TVL), volume, and active trading pairs available in their liquidity pools.     How to access the NFT dashboard on SolScan 1. SolScan makes it easy to see new NFTs, trades, and collections with the NFT dashboard. You can find the section in the website header.     2. The NFT dashboard will let you search through any NFT available on Solana. The [Collections] tab will give you a list of NFT projects based on volume. The [Trades] tab will show the most recent sales, while the [New NFTs] will list the most recent mints.       Closing thoughts Whether you want to inspect your latest Metaverse NFTs, investigate a node, or check the wallets of a new startup, you will need a Solana block explorer. This tool is an integral part of any blockchain network’s ecosystem. SolScan has become one of the most used within the Solana community, so understanding its layout and UI can certainly help.
OVR migrates to Polygon

OVR migrates to Polygon

Finance Press Release Finance Press Release 23.02.2022 09:10
OVR Augmented Reality Platform has informed about migration on Polygon Blockchain. What are the reasons for this decision? What are the advantages of this solution? What are the benefits for users? OVR is Metaverse platform, which offers Augmented Reality (AR) solutions, gaming and virtual lands sales. It’s based on two kinds of tokens: OVR utility tokens based on ERC-20 standard and unique, non-fungible OVRLands NFTs, which represent virtual lands. At the beginning of January OVR informed on its blog about plans of migration from Ethereum blockchain to Polygon blockchain. In the same month the migration started. Polygon is used for solutions compatible with Ethereum. The platform was founded in 2017 in response to high transaction fees and slow speed of Ethereum network. Polygon network is very popular amongst developers of decentralized applications (Dapps), DeFi projects and games. Thanks to migration to Polygon transactions will be easier and cheaper. Users can now swap OVR Tokens on the Polygon implementation of Uniswap V3. Currently, gas fees are only 0.01$ per swap. Users can use the official Polygon Bridge application to move OVR tokens from Ethereum to Polygon and vice-versa. To do this, just connect a wallet to the dApp. If we have OVR tokens in our Ethereum wallet, the bridge will recognize them in the search field and we can perform the bridging. If we don’t have MATIC tokens to pay for gas on Polygon, we can use the official faucet to get them to trade on Polygon. MATIC is native token of Polygon network, which allows network payment and participation in the Proof of Stake consensus mechanism. OVR uses Polygon also to solve the problem of scalability in Ethereum. Scalability has been one of the most important issues for OVR since the beginning and the company was looking for the best solutions. Finally OVR decided to move to Polygon. Why has OVR chosen Polygon? The company informed on its blog, that there were many reasons for this decision. The most important of them are: transaction costs, decentralization trade-offs and project vision, current adoption, vicinity to the Ethereum ecosystem and EVM (Ethereum Virtual Machine) compatibility. On the other side, Polygon is very close to the Ethereum ecosystem, shares the same values, and has massive scalability and adoption. Currently, there are more active addresses on Polygon than Ethereum. Polygon offers the scalability, that OVR needs to make NFT minting. Another important advantages are low transaction costs, adoption and closeness to such well-known network as Ethereum. Another important issue may be also decentralization. In its current configuration, Polygon can be categorised as a Commit Chain, and its security model is highly reliant on the Ethereum infrastructure. OVR predicts that Polygon’s current adoption and market sentiment is good indicator that the future of the Polygon looks optimistic. Migration to Polygon The migration from Ethereum to Polygon has started. The changes are described in details on the OVR blog. In the first phase of migration, all new minting began to occure by default on Polygon. User experience (UX) remained not changed. On the primarily market Polygon network payments have been added to the Ethereum and BSC payments options. In this phase the secondary market remained not changed. In the second phase in February all of the OVRLands saved as Merkle Proofs on Ethereum have been minted to the owner’s wallets on Polygon. It’s over 24k different wallets that own more 700k OVRLands. This change will enable full decentralization and transparency of ownership of OVRLands. Light minting function will disappear, all of the purchased OVRLands will be directly minted as NFTs on Polygon. The secondary market will be fully decentralized and transactions between users will be exclusively intermediated by smart contracts. Owners of OVRLands already minted as NFTs on the Ethereum blockchain will be able to transfer them to Polygon. OVR will refund the gas costs for the transfers with OVR tokens. Low transaction costs will enable features that were impossible on Ethereum. Renting smart contracts will be implemented, allowing for the monetization of valuable OVRLands. The further development of Avatars, OVRMaps, and 3D objects will be continued, making them valuable assets in the Metaverse world. What’s next? Company has informed on its blog that in the near future will be introduced the following changes: - batch minting of all the light minted OVRLands - generation of a personal custoded wallet for users who registered without declaring one, - direct NFT minting of new primary market sales, - NFT bridge from Ethereum to Polygon, - fully decentralized secondary market. For now users can trade OVRLands tokens on OpenSea platform until the decentralized secondary market is ready. It will take place in the near future.
XAUUSD Chart And Bitcoin Charts - BTC/USDT And Bitcoin Vs Gold Chart

XAUUSD Chart And Bitcoin Charts - BTC/USDT And Bitcoin Vs Gold Chart

Korbinian Koller Korbinian Koller 08.03.2022 10:21
Bitcoins image boost   In times of war, unfortunately, other news is quickly overshadowed temporarily. Gold, monthly chart, cup and handle: Gold in US Dollar, monthly chart as of March 7th, 2022. One significant factor is the gold bullish monthly chart with its cup and handle price formation. The larger time frame of the related market plays a substantial role in inter-market analysis. Gold, leading wealth preservation “insurance” for your money in inflationary times, should be on a bitcoin trader/investor’s radar. We find a bullish tone in gold to support possible bitcoin price increases.     Bitcoin/Gold-Ratio, monthly chart, bitcoin is cheap: Bitcoin versus Gold in USD, monthly chart as of March 8th, 2022. An additional welcoming factor can be found in the monthly chart of the bitcoin relationship towards gold. Presently, around 20 ounces buy you one bitcoin, while in the last quarter of last year, the same bitcoin cost you instead 37 ounces of gold. Consequently, those who have exited a fiat currency system or those who constructively hedge their wealth preservation portfolio might have a greater focus on bitcoin currently as on gold; it is cheaper. Bitcoin, weekly chart, still a couple weeks: Bitcoin in USD, weekly chart as of March 8th, 2022. A look at a weekly bitcoin chart shows temporary weakness in a general up slope near an entry zone. The last two weeks provided for substantial income-producing trading through partial profit-taking. Bitcoin had delivered a 32% range from US$34,322 to US$45,400. Unfortunately, there was no directional follow-through beyond this point, and bitcoin has yet again retraced substantially. Currently, Bitcoin is hovering right above a low-risk entry zone again, and we are hawkishly looking out for low-risk entries. A look into the past shows that it took bitcoin ten weeks to turn around in scenario A. Our timing prognosis is another two weeks now before we see possibly fast advancements. Bitcoins image boost: Some think of chocolate when thinking of Switzerland, and indeed this news is sweet to the bitcoin community. Bitcoins’ last step to gain momentum is widespread adoption. News, like the 10% increase in GDP since El Salvador’s declaration of bitcoin being accepted legal tender, is impressive. Yet, it is still met with doubt due to either political or economic situations of countries that have adopted bitcoin so far. With a central money mecca now representing progressive bitcoin use and old history of a conservative, strong financial stability image backing such behavior, widespread mass doubt can be swayed towards more bitcoin adaptation.   Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|March 8th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, Bitcoin consolidation, bitcoin/gold-ratio, crypto analysis, crypto chartbook, DeFi, Gold, Gold bullish, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
The Bitcoin Market Is Now Developing The Corrective Cycle To The Downside

Bitcoin Price Charts: BTC/XAUUSD And BTCUSDT - 15/03/22

Korbinian Koller Korbinian Koller 15.03.2022 14:39
Bitcoin is needed as an alternative   The weakened US-Dollar and the present unexpected climate seems not being fully reflected in bitcoin´s price. Consequently, bitcoin prices could soar in the not too distant future. Bitcoin/Gold-Ratio, daily chart, bottom building: Bitcoin/Gold-Ratio, daily chart as of March 15th, 2022. A phenomenon in times of crisis is that individuals look for absolutes or extremes to resolve difficult circumstances. We instead advocate a more principle-based process of solving problems, an approach of choices. Regarding wealth preservation, this would mean gold and silver alongside bitcoin. The daily chart of the bitcoin/gold-ratio shows the bottom building after a downtrend. Currently, one can purchase a bitcoin for twenty ounces of gold. Nearly half as much as five months ago. Indeed, an opportunity to rotate one’s precious metal holding partially into a cheap bitcoin acquisition.     Bitcoin, monthly chart, in waiting position: Bitcoin in USD, monthly chart as of March 15th, 2022. War inherently divides nations, and that does not mean limiting only the ones directly in conflict with each other. It is this divide that, in addition, fuels the competition for each nation to be first in their digital currency release. Sanctioned countries have limited access to the US-Dollar. Consequently, they are highly motivated to create an alternate payment method. The monthly chart is not showing this fundamental support for bitcoin. Early signs of a triangle show that we find likely to break to the upside. Slow stochastic indicator reading (A) shows that the last time around at these levels, a strong up move followed. Similar to the yellow CCI turbo line-level reading (B). Before such a move, we witnessed a quick price spike down (C), which would be no surprise. Bitcoin, weekly chart, bitcoin as an alternative is needed: Bitcoin in USD, weekly chart as of March 15th, 2022. Zooming into the weekly time frame, we can make out the battle between bulls and bears in more detail. Over the last three weeks, prices were rejected above the POC (point of control = high volume node, where our volume profile analysis ranges over the previous fifteen months). As well, price behavior is reflecting the war climate’s uncertainty. At the same time, the bulls have held steady any attempt of the bears trying to push prices below US$37,500. Hence, we should see a substantial move once trading snaps out of this “magnet trading” to the high-volume node. Bitcoin, daily chart, gains and volatility: Bitcoin in USD, daily chart as of March 15th, 2022. The daily chart of bitcoin above describes how we see the future unfold. We anticipate the price to reach all-time highs within the upcoming month. Unfortunately, not in bitcoins typical swing trading manner. We foresee a choppy, volatile market. Consequently, short and midterm trading will be challenging. Stepping up in time frame is a helpful approach to avoid the noise. Bitcoin is needed as an alternative: Governments will try to keep their monopolies and power. However, we don’t think that the adoption of a digital dollar by the masses will not be that easy. We find this especially true to be in a highly transitory time of rapid changes and many challenges. Typically, multiple propaganda waves through media have bridged such doubt but might have lost some of its trustworthiness. Consequently, bitcoin has a fair chance for mass adoption just as well. It already has a history and carries inherent features of freedom that people might long for more than anticipated.   Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|March 15th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, Bitcoin consolidation, bitcoin/gold-ratio, crypto analysis, crypto chartbook, DeFi, Gold, Gold bullish, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Bitcoin price undergoes sharp fade as bulls storm out of the gate

Bitcoin price undergoes sharp fade as bulls storm out of the gate

FXStreet News FXStreet News 16.03.2022 16:28
Bitcoin price action jumped 7% but fell back sharply in European trading.BTC price action looks to be set to jump above $41,756.61 once the US session kicks in.Expect to see a further continuation of this price jump throughout the week as long as positive signals come from the ongoing talks in Russia.Bitcoin (BTC) price action is performing a countercyclical move this morning as Asian bulls storm out of the gate on positive-speak from the Chinese government. From now on into the European session, gains are still present but have faded slightly. Expect to see a subsequent round of wins coming in during the US session and going further into this week as long as positive signals are communicated independently from both sides in Ukraine and Russia peace talks.Bitcoin price sees bulls swimming against the tideBitcoin price action seems to have awakened many investors who fell asleep staring at their television screen for the past three weeks on the Russian invasion of Ukraine. As they pulled out their money and went long cash, cryptocurrencies dried up a bit and were left to the mercy of bears. Today a few bears will be licking their wounds as bulls have gone in for a push higher as more positive signals come from both Ukraine and Russia on talks, and markets are getting used to the war headlines as everything looks to be priced in. BTC price action technically got rejected to the upside at $41,756.61, the base of a bearish triangle that formed a few weeks ago. Expect this fade in early trading to provide a window of opportunity for European and American bulls to join the rally and ramp up the price above $41,756.61, where a close above will be key this evening. If trading can start on Thursday with an opening price above $41,756.61, expect to see another leg higher by tomorrow evening, near $44,088.73 and even $45,261.84 by Friday.BTC/USD daily chartThe risk could be that the current fade, after the rejection at $41,756.61, could topple into a deeper loss if bears push the price below the opening price. This would trigger panic amongst bulls that got in and will have them remember the same scenario that happened exactly one week ago on Wednesday with a false breakout and a full paring back, and even eking out further losses the day after. Expect bulls to exit instantly once BTC price action prints red numbers, and this to spiral into a setback for BTC price towards $38,703.32 or even $36,709.19.
The Bitcoin Market Is Now Developing The Corrective Cycle To The Downside

March 22nd, 2022, Crypto Chartbook

Korbinian Koller Korbinian Koller 22.03.2022 19:44
Bitcoin´s time to go   Trying to pick tops and bottoms is honorable and a desirable goal. Nevertheless, there needs to be other insurances and principles in place. If an ideal spot passes or the market doesn’t provide for a low-risk entry or enough liquidity for an exit, one still needs alternate tools to participate in the market. Our quad exit strategy allows for position building and market participation that consistently extracts monies from the markets. Bitcoin, daily chart, keep calm and keep trading: Bitcoin in USD, daily chart as of March 22nd, 2022. Precision trading gets even more difficult in wartimes, when frequent and conflicting news events jolt prices alternating up and down. The daily chart above shows these jolts over the last three weeks of wartime. We can identify three low-risk long trade entry opportunities (green up arrows on double bottom price scenarios) and one short trading one (red downward arrow at a double top price formation). Our quad exit strategy takes on each of these trades a partial initial profit to mitigate risk, which allows the remainder position size to be the market’s money at risk only.     Bitcoin, weekly chart, pushing up: Bitcoin in USD, weekly chart as of March 22nd, 2022. Zooming out to larger time frames is another way to avoid noise and see a trading scenario more clearly, and, as such, find “go times” with more accuracy. This weekly chart illustrates that entries and exits are rather entry zones (red and green boxes) versus a precise price level. The trader’s goal is to exploit within such a zone a low-risk entry spot on a lower time frame to get positioned. Regarding bitcoin, we find overall price behavior to be up sloping over the last twelve months, a bullish notion. And we find a high likelihood for the momentary entry zone (green box to the right of the chart). In other words, we are right now in a price zone where its Bitcoin´s time to go. Bitcoin, monthly chart, March closing price: Bitcoin in USD, monthly chart as of March 22nd, 2022. Suppose we further remove ourselves from the noise by electing a higher timeframe. In that case, we find a pat situation on the monthly chart, pat not for a more significant edge for prices to go higher up but for timing on when to enter the markets. Our statistics show that it will be essential on what price level the month of March will be closing. With a close above current levels (white line), we will enter a bullish buy zone. Yet, if prices decline from here in the last nine days of this month, the probabilities of an immediate price advance rapidly decline. Bitcoin/Gold-Ratio, daily chart, Bitcoin´s time to go: Bitcoin/Gold-Ratio, daily chart as of March 22nd, 2022. An additional benefit quiet charting provides in turbulent times is to think outside the box. While all noise points toward the most heated issues, finding a trading opportunity elsewhere might be best. In our previous chart book release, we exploited a great go time for bitcoin. Last week, we provided entry points (green up arrows) for rotating one’s gold into bitcoin. Using our quad exit strategy, the trader who wanted to not expose his money to a volatile fiat currency trading world could profit near ten percent on his first fifty percent of position size. We are now placing the stop for the remainder position size to breakeven entry levels. Bitcoin´s time to go: In war, the first casualty is the truth. Under stress, our minds insist on reason, clarity, precise calls for action. Unfortunately, even the best-informed brightest minds can’t find reliable data in times of war since the distortion field of media around the world is at a level where lies and propaganda outweigh facts and truth.  Luckily, a trader can, in these times, rely more heavily on charts. Charts always encompass the sum of opinion. Charts are consistently working as a reliable source to trade from.  The psychological aspect is hugely beneficial since a consistent bombardment of news and everybody’s opinion can get quickly exhausting.  Reduce news data consumption at a time when calm and levelheadedness is the most powerful tool for wealth creation and preservation, and the “go time” will reveal itself nearly effortlessly.     Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|March 22nd, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, Bitcoin consolidation, bitcoin/gold-ratio, crypto analysis, crypto chartbook, DeFi, Gold, Gold bullish, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Binance Academy summarise year 2022 featuring The Merge, FTX and more

UST Can Be Exchanged For BTC. DeFi Update - Week 21/03-28/03

Crypto.com Accelerate the... Crypto.com Accelerate the... 28.03.2022 11:53
Terra’s UST is now exchangeable for BTC thanks to the integration by Thorchain. Minswap becomes top DeFi protocol on Cardano. Cronos Ecosystem Grant Program revealed batch 2 of grantees.   Key Takeaways  Terra (LUNA) stablecoin UST has been integrated by the Thorchain (RUNE) protocol and can now be exchanged for Bitcoin (BTC) natively. Minswap (MIN), a recently-launched DeFi protocol on Cardano (ADA), has surpassed SundaeSwap (SUNDAE) in terms of TVL, making it the top DeFi protocol on Cardano with a TVL dominance of 65.85% at the time of writing. Former Polychain Capital partner Tekin Salimi launched $125 million crypto fund, dao5, to focus on investing in early-stage protocols and blockchain companies. Dao5 is on track to become a fully founder-owned DAO by 2025. The Cronos Ecosystem Grant Program, which focuses on supporting early-stage projects on Cronos, announced its second batch of beneficiaries. This week’s price and volume indices were positive at +11.29% and +20.91%, respectively, while the volatility index was negative at -47.26%. Highlights Euler proposes eIP6: Bringing Chainlink (LINK) at the ensure degree Loopring (LRC) price surges by 50% after GameStop NFT marketplace integration DeFiance Capital rescues $13.3 million at risk of being stolen Solana (SOL) stablecoin project Cashio (CASH) plummets to zero after multi-million dollar hack MakerDAO (MKR) dev insists DeFi protocol should leverage real world assets to scale Litedex (LDX) protocol set to be listed on LBank exchange SushiSwap (SUSHI) community proposes Swiss legal structure to limit DAO liability FTMCRAZY: Introducing the new hybrid ROI DApp project in the crypto world dxFeed implements Airnode API3 to present pricing information for a broad array of Web3 applications Crypto investor Katie Haun raises $1.5 billion for Web3 venture fund Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap Current $99.14B $126.25B 7-Day Change +6.82% +8.86% 14-Day Change +15.39% +18.46%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers LRC (+28.14%)REN (+21.41%)UNI (+16.21%) LRC (+210.80%)NXM (+57.50%)COMP (+36.45%) LRC (+159.95%)UMA (+4.55%) Top Losers SNX (-1.43%) MKR (-22.63%)CRV (-18.28%)SNX (-16.35%) COMP (-69.18%)YFI (-63.79%)NXM (-54.44%) Benchmark ETH (+11.08%) ETH (+11.08%) ETH (-55.21%)       *DeFI index tokens: LINK,YFI,AAVE,SNX,UNI,COMP,MKR,UMA,REN,LRC,NXM,BAL,CRV Notable Events Loopring (LRC) metrics surged after GameStop’s NFT marketplace integration     Notable Events Trader Joe (JOE) shows decline in TVL, possibly due to the cooling down of the native token AVAX after Avalanche launch on Anchor Protocol Souce: Crypto.com
Crypto trading volume exceeds $100 billion in 24 hours as bulls flock to the market

Crypto trading volume exceeds $100 billion in 24 hours as bulls flock to the market

FXStreet News FXStreet News 28.03.2022 16:34
Proponents noted a 63.07% spike in the total transaction volume of cryptocurrencies across exchanges. Coinmarketcap data reveals a month-on-month increase of 4.75% in crypto trading volume. Bitcoin price crossed $47,000, fueled by $200 million shorts liquidated across exchanges. Bitcoin price is rallying, fueled by a frenzy of massive short liquidations on crypto exchanges. Proponents believe bulls have flocked to the market, as transaction volume exceeded $100 billion. Bitcoin price pushes past $47,000 in recent rally Bitcoin price crossed key resistance to hit a high above $47,000 in a rally fueled by the liquidation of millions of short positions. Analysts at the crypto intelligence platform Santiment observed a massive liquidation of shorts across exchanges at 1 pm and 6 pm UTC across crypto exchanges on March 27, 2022. Analysts argue that Bitcoin’s recent price rally to $47,000 was a response to liquidation in large quantities over the weekend. The average funding rate entered the long zone, where uncertainty among market participants increased. Therefore, analysts conclude that Bitcoin shorts have fueled the asset’s ongoing rally. Bitcoin and altcoin shorts liquidatedColin Wu, a Chinese journalist, reported a spike in the total transaction volume of cryptocurrencies, exceeding $100 billion over the past 24 hours. Wu referred to data from Coinmarketcap and observed a 63.07% increase in crypto transaction volume compared to March 26, 2022. The total crypto market value now exceeds $2.12 trillion. Historically, analysts have witnessed high transaction activity when large wallet investors flock to the market or scoop up crypto. Bloomberg analysts argue that Bitcoin looks overbought, compared to its 50-day Moving Average. Bitcoin price crossed key resistance at $45,000 in the current rally, erasing its losses for the year. FXStreet analysts have evaluated Bitcoin price and predicted the start of a new uptrend in the asset, as it crossed the $45,000 level.
Volatility Retreats As Stocks & Commodities Rally

Volatility Retreats As Stocks & Commodities Rally

Chris Vermeulen Chris Vermeulen 28.03.2022 21:32
The CBOE Volatility Index (VIX) is a real-time index. It is derived from the prices of SPX index options with near-term expiration dates that are utilized to generate a 30-day forward projection of volatility. The VIX allows us to gauge market sentiment or the degree of fear among market participants. As the Volatility Index VIX goes up, fear increases, and as it goes down, fear dissipates.Commodities and equities are both showing renewed strength on the heels of global interest rate increases. Inflation shows no sign of abating as energy, metals, food products, and housing continues their upward bias.During the last 18-months, the VIX has been trading between its upper resistance of 36.00 and its lower support of 16.00. As the Volatility Index VIX falls, fear subsides, and money flows back into stocks.VIX – VOLATILITY S&P 500 INDEX – CBOE – DAILY CHARTSPY RALLIES +10%The SPY has enjoyed a sharp rally back up after touching its Fibonacci 1.618% support based on its 2020 Covid price drop. Money has been flowing back into stocks as investors seem to be adapting to the current geopolitical environment and the change in global central bank lending rate policy.Resistance on the SPY is the early January high near 475, while support remains solidly in place at 414. March marks the 2nd anniversary of the 2020 Covid low that SPY made at 218.26 on March 23, 2020.SPY – SPDR S&P 500 ETF TRUST - ARCA – DAILY CHARTBERKSHIRE HATHAWAY RECORD-HIGH $538,949!Berkshire Hathaway is up +20.01% year to date compared to the S&P 500 -4.68%. Berkshire’s Warren Buffet has also been on a shopping spree, and investors seem to be comforted that he is buying stocks again. Buffet reached a deal to buy insurer Alleghany (y) for $11.6 billion and purchased nearly a 15% stake in Occidental Petroleum (OXY), worth $8 billion.These acquisitions seem to be well-timed as insurers and banks tend to benefit from rising interest rates, and Occidental generates the bulk of its cash flow from the production of crude oil.As technical traders, we look exclusively at the price action to provide specific clues as to the current trend or a potential change in trend. With that said, Berkshire is a classic example of not fighting the market. As Berkshire continues to make new highs, its’ trend is up!BRK.A – BERKSHIRE HATHAWAY INC. - NYSE – DAILY CHARTCOMMODITY DEMAND REMAINS STRONGInflation continues to run at 40-year highs, and it appears that it will take more than one FED rate hike to subdue prices. Since price is King, we definitely want to ride this trend and not fight it. It is always nice to buy on a pullback, but the energy markets at this point appear to be rising exponentially. The XOP ETF gave us some nice buying opportunities earlier at the Fibonacci 0.618% $71.78 and the 0.93% $93.13 of the COVID 2020 range high-low.Remember, the trend is your friend, as many a trader has gone broke trying to pick or sell a top before its time! Well-established uptrends like the XOP are perfect examples of how utilizing a trailing stop can keep a trader from getting out of the market too soon but still offer protection in case of a sudden trend reversal.XOP – SPDR S&P OIL & GAS EXPLORE & PRODUCT – ARCA – DAILY CHARTKNOWLEDGE, WISDOM, AND APPLICATION ARE NEEDEDIt is important to understand that we are not saying the market has topped and is headed lower. This article is to shed light on some interesting analyses of which you should be aware. As technical traders, we follow price only, and when a new trend has been confirmed, we will change our positions accordingly. We provide our ETF trades to our subscribers, and somewhat surprisingly, we entered five new trades last week, four of which have now hit their first profit target levels. Our models continually track price action in a multitude of markets, asset classes, and global money flow. As our models generate new information about trends or a change in trends, we will communicate these signals expeditiously to our subscribers and to those on our trading newsletter email list.Sign up for my free trading newsletter so you don’t miss the next opportunity! Furthermore, successfully trading is not limited to when to buy or sell stocks or commodities. Money and risk management play a critical role in becoming a consistently profitable trader. Correct position sizing utilizing stop-loss orders helps preserve your investment capital and allows traders to manage their portfolios according to their desired risk parameters. Additionally, scaling out of positions by taking profits and moving stop-loss orders to breakeven can complement ones’ success.WHAT STRATEGIES CAN HELP YOU NAVIGATE The CURRENT MARKET TRENDS? Learn how we use specific tools to help us understand price cycles, set-ups, and price target levels in various sectors to identify strategic entry and exit points for trades. Over the next 12 to 24+ months, we expect very large price swings in the US stock market and other asset classes across the globe. We believe the markets have begun to transition away from the continued central bank support rally phase and have started a revaluation phase as global traders attempt to identify the next big trends. Precious Metals will likely start to act as a proper hedge as caution and concern begin to drive traders/investors into Metals and other safe-havens.We invite you to join our group of active traders and investors to learn and profit from our three ETF Technical Trading Strategies. We can help you protect and grow your wealth in any type of market condition by clicking on the following link: www.TheTechnicalTraders.com
The Bitcoin Market Is Now Developing The Corrective Cycle To The Downside

Bitcoin (BTC) Price Charts - Daily, Monthly, BTC/GOLD - 29/03/22

Korbinian Koller Korbinian Koller 29.03.2022 11:35
Bitcoin wins the race   While Russia accepts hard currencies like gold, a move like this shows that the efficient attributes of bitcoin come to the forefront in times of crisis and are accepted for large business transactions between nations. Bitcoin, daily chart, price breakout: Bitcoin in USD, daily chart as of March 29th, 2022. Shortly after, president Putin confirmed this new way of doing business. In addition, China and Russia agreed to a thirty-year contract in the gas sector, transacted in Euros. We can see that we find ourselves in times of currency warfare and that it is essential to pay close attention to where and in what form we store our values. The daily chart above reflects this recent news in a price advance of bitcoin from US$37,567 to US$47,701. A 28% advance in just two weeks. Bitcoin broke through the sideways range, and this week shall show whether this breakout will be a successful one or not. In this case, the bulls have their odds much in favor over the bears.     Bitcoin, weekly chart, price left the station: Bitcoin in USD, weekly chart as of March 29th, 2022. We have now left the entry zone (green box) compared to last week’s chart book and the published weekly chart. While the crowd now chases a trade, struggling with the typical inefficiencies of volatility breakouts (bad fills, slippage, being late), we are established in our positioning with the sum of 9 accumulated runners. The runners being the last 25% of each initial position. A fully de-risked or more precisely no-risk venture (see quad exit)! Looking at the weekly chart, we find the resistance distribution zones at around US$49,650 and US$52,430. We place additional entries if the price returns to the entry box top. Bitcoin, monthly chart, if March closes strong: Bitcoin in USD, monthly chart as of March 28th, 2022. The price has entered the confirmed buy zone from a monthly perspective. The dual chart shows the progression from last week’s anticipation to this week’s chart book release. Should prices within this week stay within the green box, all-time frames are in alignment. A picture of a confirmed bullish bitcoin trend. It is a rare occurrence and confirmation for larger time frame traders and a call to look for low-risk entries, if no sufficient exposure is at play yet. Bitcoin/Gold-Ratio, daily chart, Bitcoin wins the race: Bitcoin/Gold-Ratio, daily chart as of March 28th, 2022. Another split-screen view of a chart (a daily chart of the bitcoin/gold ratio) shows the progression of last week’s chart book publication and the situation right now. We had a triangle breakout last week and a substantial advance since then. The suggested rotation out of gold and into bitcoin was/is a successful one. The overall move was 30% in just two weeks. One can use this relationship as well to indicate bitcoins’ recent gain in strength and direction. Bitcoin wins the race: Change is never accepted lightly. We typically resist change and prefer an existing state of affairs as human beings. Nevertheless, we find ourselves in less than average circumstances with a worldwide pandemic, a never-ending war, and a general divide in opinions. Russia’s recent move towards approval of bitcoin shows that when the rubber meets the road, what works and is practical in times of crisis and need, wins the race. While governments around the globe feverishly try to get their electronic payment systems developed, bitcoin already finds its use spreading, and successfully so.    Feel free to join us in our free Telegram channel for daily real time data and a great community. If you like to get regular updates on precious metals and cryptocurrencies, you can also subscribe to our free newsletter. Disclosure: This article and the content are for informational purposes only and do not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. The views, thoughts and opinions expressed here are the author’s alone. They do not necessarily reflect or represent the views and opinions of Midas Touch Consulting. By Korbinian Koller|March 29th, 2022|Tags: Bitcoin, Bitcoin bounce, Bitcoin bullish, Bitcoin consolidation, bitcoin/gold-ratio, crypto analysis, crypto chartbook, DeFi, low risk, quad exit, technical analysis, trading education|0 Comments About the Author: Korbinian Koller Outstanding abstract reasoning ability and ability to think creatively and originally has led over the last 25 years to extract new principles and a unique way to view the markets resulting in a multitude of various time frame systems, generating high hit rates and outstanding risk reward ratios. Over 20 years of coaching traders with heart & passion, assessing complex situations, troubleshoot and solve problems principle based has led to experience and a professional history of success. Skilled natural teacher and exceptional developer of talent. Avid learner guided by a plan with ability to suppress ego and empower students to share ideas and best practices and to apply principle-based technical/conceptual knowledge to maximize efficiency. 25+ year execution experience (50.000+ trades executed) Trading multiple personal accounts (long and short-and combinations of the two). Amazing market feel complementing mechanical systems discipline for precise and extreme low risk entries while objectively seeing the whole picture. Ability to notice and separate emotional responses from the decision-making process and to stand outside oneself and one’s concerns about images in order to function in terms of larger objectives. Developed exit strategies that compensate both for maximizing profits and psychological ease to allow for continuous flow throughout the whole trading day. In depth knowledge of money management strategies with the experience of multiple 6 sigma events in various markets (futures, stocks, commodities, currencies, bonds) embedded in extreme low risk statistical probability models with smooth equity curves and extensive risk management as well as extensive disaster risk allow for my natural capacity for risk-taking.
Binance Academy summarise year 2022 featuring The Merge, FTX and more

Terraform Labs - Liquidity Pool, SINGLE - dApp Available - DeFi Update (28/03-03/04/22)

Crypto.com Accelerate the... Crypto.com Accelerate the... 04.04.2022 11:30
Terraform Labs introduces a revolutionary stablecoin liquidity pool. Wave Financial launches a new $100M liquidity fund on ADA. Single Finance’s Cronos dApp goes live. APR 04, 2022     Key Takeaways  Do Kwon, CEO and founder of Terraform Labs, announced the launch of a revolutionary liquidity pool with major stablecoins UST, USDT, USDC, and FRAX. Wave Financial is launching a US$100 million fund to offer liquidity for new DeFi platforms built on Cardano (ADA) ecosystem. 6S Capital, a commercial lender powered by MakerDAO (MKR), closed a real estate financing deal worth US$7.8 million for Tesla, the world’s leading electric vehicle company. Since March 2022, MakerDAO has been embracing real-world assets (RWAs) by integrating with under-collateralised lending protocols. Single Finance (SINGLE), the first DeFi protocol offering USD-based capital-protecting strategies for leveraged yield farmers built on Cronos chain, has officially gone live with its dApp. This week’s price, volume, and volatility indices were all positive at +17.52%, +82.55%, and +106.92%, respectively. Highlights Wombat Exchange raises US$5.25 million in Series A funding led by Animoca Brands and Hailstone Ventures BNY Mellon to Custody Assets Backing Circle’s USDC stablecoin Voltage Finance suffers US$4 million stablecoin theft Crypto bridge Wormhole seeks US$2.5 billion price tag in private token sale Cashio (CASH) hacker sets conditions to return stolen US$50 million DeFi lender Inverse Finance (INV) exploited for US$15.6 million Ola Finance says attackers stole U$4.7 million in ‘re-entrancy’ exploit MetaMask rolls out Apple Pay integration and other iOS updates DeFi Technologies subsidiary Valour surpasses US$274 million in AUM Degis launches comprehensive DeFi insurance protocol on Avalanche Hector Finance (HEC) announces the launch of its hotly anticipated cross-chain DEX SynFutures nears U$1 billion in monthly trade volume on Polygon Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokens market cap Top 100 DeFi tokens market cap Current $110.6B $140.98B 7-Day Change +11.73% +11.72% 14-Day Change +19.28% +21.65%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers FXS (+99.42%)AAVE (+48.80%)JOE (+42.89%) FXS (+694.82%)AAVE (+240.63%)COMP (+222.87%) FXS (+364.18%)ANC (+318.18%)YFI (+294.64%) Top Losers – SPELL (-12.32%)LDO (-0.07%) SPELL (-39.24%)LDO (-11.80%)LINK (-6.74%) Benchmark ETH (+9.86%) ETH (+28.81%) ETH (+136.16%)       *DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI Notable Events FXS topped the change metrics, likely linked to Do Kwon’s announcement on the revolutionary stablecoins liquidity pool. AAVE has surged over 80% since its V3 launch. DEX Metrics     Notable Events DeFi sector TVL rises in general, as investors return to a bullish crypto market. Source: Crypto.com
Epic Games and Lego Group are collaborating to build a metaverse. Ubisoft is partnering with Reality Labs to create a NFT collection

Important Axie Infinity News! New Season Launch Date Expectations! Metaverse's Minecraft? Move-To-Earn!?

Crypto.com Accelerate the... Crypto.com Accelerate the... 22.04.2022 15:44
Axie Infinity teases early land gameplay and is set to release Season 21 on 25 April. The Sandbox Game raises another US$400M and Snoop Dogg creates a music video entirely in the Sandbox Metaverse. Move-to-Earn game STEPN continues its momentum with Twitter follower count surging over 43% over 3 weeks to 295K. APR 22, 2022 Key Takeaways Axie Infinity’s Season 21 is expected to launch on 25 April. Origin Alpha is currently available for download on their site. Axie also teased early land gameplay in this post with harvesting, producing and crafting features. The next Origin patch will have 75 balancing changes which can be found here. Minecraft-styled metaverse game, SandBox, is set to raise US$400M of fresh funds. Rapper Snoop Dogg’s new song titled “House I Built” filmed entirely within the Sandbox Metaverse reaches 2.5M views. Move-to-Earn game STEPN released its Epic sneaker category. The game continues its momentum with Twitter follower count surging 43% over three weeks to 295K. The total market cap for GameFi tokens now stands at US$46.61B. Highlights Framework Ventures allocates half of US$400M fund to Web3 gaming Jon Goldman targets VR gaming and the Metaverse with a US$50M venture fund Korean Metaverse startup DoubleMe raises US$25M backed by Samsung Blockchain games are leading the DApp industry, says latest DappRadar report Game studio Blizzard is polling players about Crypto and NFTs Square Enix insists on integrating blockchain elements into its games Rainmaker Games launches first blockchain gaming discovery platform Game Updates AbsolutLand is open in Decentraland!  DeFi Kingdoms – New training quests in Serendale Illuvium Universe Land Sale Pegaxy Fusion update Pegaxy launches mobile app for select gamers Sorare expands with an 11th league CryptoBlades releases dynamic minting and transition details Top Gainers and Losers   Price Change (%) Infrastructure Games Guilds Top Gainers IMX (+5.85%)DAWN (+1.57%) GMT (+40.09%)ALICE (+3.89%)POLIS (+2.5%) UNIX (+1.1%) Top Losers MBOX (-9.08%)ENJ (-4.28%)GALA (-3.67%) ATLAS (-7.63%)MANA (-3.57%)AXS (-3.06%) AGV (-24.09%)GGG (-13.03%)YGG (-9.24%)       *Gaming Infrastructure tokens: ENJ, FLOW, WAXP, UOS, MBOX, DAWN, GALA, IMX*Gaming Utility tokens: AXS, MANA, SAND, ALICE, ILV, ATLAS, POLIS, GODS, GMT*Gaming Guild tokens: YGG, MC, UNIX, GGG, AGV Top Games Metrics     Top 15 Largest Tokens by Market Cap     Daily Gamers by Blockchain Source: crypto.com
Crypto: How To Estimate A Risk And Take A Profit?

Stablecoins: Shocking UST News! USDC And Twitter (TWTR), (SOL) Solana Crypto Wallet For Android

Crypto.com Accelerate the... Crypto.com Accelerate the... 26.04.2022 12:51
Terra’s UST has become the third-largest stablecoin. Bastion Protocol on the NEAR blockchain closes a US$9M Series A funding round. Orbit Network a stablecoin lending protocol announces its incubation under Cronos labs. APR 25, 2022     Key Takeaways  Terra’s UST flips BUSD to become the third-largest stablecoin. Meanwhile, Tron’s Justin Sun announced the launch of algorithmic stablecoin USDD backed by TRX. Bastion (BSTN), the largest DeFi protocol on the NEAR blockchain, has closed a US$9 million Series A funding round on heels of its impending token launch. MetaMask warns Apple users over an iCloud phishing attack, which has recently caused a user to lose about US$650,000. Also, it launched its first hardware wallet integration with Keystone. Orbit Network, a decentralised stablecoin lending protocol, announced that it is incubated under Cronos Labs. This week’s price and volatility indices were negative at -4.21% and -3.69%, respectively, while the volume index was positive at +27.04%. Highlights MetaMask, Ethereum DApps down as Infura suffers outage Twitter to test out Stripe’s newly added support for USDC payments Net Zero protocol receives Chainlink (LINK) grant to build on-chain geospatial pollution data service MakerDAO (MKR) to integrate StarkNet to cut DAI transaction costs US$19.2 billion in staked assets — Liquid staking solution Lido (LIDO) set to surpass Curve (CRV)’s total value locked Frax (FXS), Terra-backed ‘4pool’ went live on Fantom network, attracts US$31 million Derivatives exchange dYdX (DYDX) to become ‘100% decentralised by end of year’ Solana (SOL) crypto wallet ‘Phantom’ launches on Android Hacker ‘self-destructs’ US$1 million loot gained from DeFi exploit Stargate Finance (STG) tumbles after launching staking platform Uniswap (UNI) blocks cryptographic wallets linked to crime KyberSwap (KNC) launches on BitTorrent chain with US$1.5 million in liquidity mining and incentive rewards Check the latest prices on Crypto.com/Price Top Token Metrics     DeFi Index Tokens     Notable Events Curve Finance (CRV) published an elevated earning which was 100% higher than the average of the past weeks. Convex Finance (CVX) has locked over 200 million units of CRV. Compound (COMP) has been cooling down after its Robinhood listing. Anchor protocol (ANC) passed a proposal to redirect remaining ANC airdrops to the community pool. DEX Metrics     Tags CRYPTO CRYPTO.COM RESEARCH CRYPTOCURRENCIES DEFI UPDATE MARKET Source: crypto.com
Crypto: How To Estimate A Risk And Take A Profit?

Terra (LUNA), Uniswap (UNI) And Cronos News | crypto.com: "Weekly DeFi Update (Week 18, 02/05/2022 – 08/05/2022)"

Crypto.com Accelerate the... Crypto.com Accelerate the... 09.05.2022 10:23
UST depegged after US$285M sell-off but quickly regains peg. Uniswap reports deeper liquidity on multiple Ethereum pairs than leading centralised exchanges. Cronos Ecosystem Grants Program announces third batch of grant recipients. Key Takeaways The world’s third largest DeFi protocol by total value locked (TVL), Anchor Protocol (ANC), has lowered the UST earn rate from 19.4% to 18.0% annual percentage yield (APY) since 1 May 2022. Also, a proposal to roll out voting escrow ANC (veANC) has been approved. Terra’s UST depegged after a massive US$285 million sell–off on Curve Finance (CRV) and leading centralised exchange. It was soon stabilised and back to peg. Meanwhile, Luna Foundation Guard (LFG) has added another US$ 1.5 billion of Bitcoin (BTC) to its UST reserves. Uniswap V3 (UNI) is reported to have deeper liquidity in multiple Ethereum (ETH) pairs than leading centralised exchanges by about 2x or more. Cronos Ecosystem Grants Program announced the third batch of grant recipients, which include a few DeFi projects, such as Argo Finance. This week’s price and volume indices were negative at -7.04% and -9.75%, respectively, while the volatility index was positive at +38.89%. Highlights Curve Finance (CRV) integrates with Near’s Aurora Network. Terra’s LUNA declines 10% amid UST depegging concern Hacked crypto platform offers ‘No Questions Asked’ US$10 million bounty for stolen funds Total investment in Syndicate DAO tops US$28 million after latest funding round Jane Street dives into DeFi with US$25 million USDC loan Lido (LDO) briefly becomes top DeFi protocol by TVL with US$20 billion staked Juno’s DAO votes to confiscate US$35 million in tokens from whale in messy dispute ’Revolution’ promised by Tron’s Justin Sun looks like clone of Terra’s algorithmic stablecoin Ribbon Finance (RBN) gives half its protocol revenue to stakers Vector Finance (VTX) TVL hits a record high as the Curve Wars shift to Avalanche Tron DAO buys US$39 million worth of TRX as reserves for its USDD stablecoin whose circulating supply has exceeded US$200 million Polkadex has won the 16th Polkadot’s parachain slot Cardano’s first eUTxO cross-chain decentralised exchange goes live on public testnet Check the latest prices on Crypto.com/Price Top Token Metrics   Metrics Top 20 DeFi tokensmarket cap Top 100 DeFi tokens market cap Current $72.41B $92.35B 7-Day Change -12.73% -11.70% 14-Day Change -20.83% -20.67%       *Top DeFi tokens based on CoinGeckoSource: CoinGecko DeFi Index Tokens   Metrics Price Volume Volatility Top Gainers CRV (+12.63%)UNI (+0.28%)FXS (+0.07%) ANC (+161.57%)FXS (+101.52%)CRV (+22.22%) ANC (+316.91%)FXS (+207.72%)SPELL (+141.28%) Top Losers VVS (-18.62%)MKR (-17.88%)LDO (-14.20%) CAKE (-50.98%)SNX (-41.55%)AAVE (-33.17%) LDO (-89.80%)SNX (-44.24%)CAKE (-43.75%) Benchmark ETH (-10.30%) ETH (+2.43%) ETH (+47.01%)       *DeFI index tokens: AAVE, ANC, BAL, CAKE, COMP, CRV, CVX, FXS, JOE, LDO, LINK, MKR, OSMO, REN, SNX, SPELL, SUSHI, UNI, VVS, YFI Notable Events CRV jumped as institutional capital flows in.     Tags CRYPTO CRYPTO RESEARCH CRYPTOCURRENCIES DEFI Source: crypto.com
KuCoin Raises $150 Million at $10 Billion Valuation to Pioneer Exploration in Web 3.0

KuCoin Raises $150 Million at $10 Billion Valuation to Pioneer Exploration in Web 3.0

Kucoin Blog Kucoin Blog 10.05.2022 22:41
Victoria, Seychelles – KuCoin, a global leading crypto exchange, announced a $150 million pre-Series B funding round, bringing its valuation to $10 billion. The round, led by Jump Crypto, saw the participation of multiple investment funds, including Circle Ventures, IDG Capital, and Matrix Partners. The new influx of capital will allow KuCoin to go beyond centralized trading services and expand its presence in Web 3.0, including crypto wallets, GameFi, DeFi, and NFT platforms through investment arms like KuCoin Labs and KuCoin Ventures. KCC, the public chain built by KuCoin's community members, will also be a significant infrastructure where resources will be deployed to create a decentralized ecosystem. Read more: Bitcoin Price (BTC/USD) Falls And We're Wondering When The Bearish Market Ends... Weekly Crypto Analysis: Bitcoin Falls to Half Its Peak, Everything You Should Know Today | KuCoin| FXMAG.COM KuCoin also plans to leverage the pre-Series B round to: Build the next generation of KuCoin core trading system, resulting in tenfold performance improvement. Support KuCoin’s global regulation efforts to better serve 18 million users in over 200 countries and regions. Enhance security and risk management systems to make the platform more secure and accessible. Johnny Lyu, CEO of KuCoin, states: "The vote of confidence from prominent investors, including Jump Crypto and Circle Ventures, solidifies our vision that one day everyone will be with crypto. KuCoin is built for all classes of investors, and we believe these new investors and partners will contribute to making KuCoin synonymous with a reliable and trustworthy gateway into crypto space."   Tak Fujishima, Head of Asia, Jump Crypto, said: “KuCoin provides a comprehensive platform of crypto services to a global audience, which is one of the many reasons we’re proud to lead this round. We are pleased to support the company as it continues to grow and expand its offerings in futures and margin trading, lending, staking and passive yield generation to support the growth of Web 3.0 and the crypto markets.” According to CoinMarketCap, KuCoin is the fifth largest crypto exchange on the market. In November of 2018, KuCoin secured $20 million in Round A funding.  Read more: KuCoin: Staking Crypto - Cardano (ADA)/Terra (LUNA)/Polkadot (DOT)/Polygon (MATIC)/Cosmos (ATOM)/Tron (TRX) Flexible Promotion, Enjoy an APR up to 6.3%!| FXMAG.COM About KuCoin Launched in September 2017, KuCoin is a global cryptocurrency exchange for over 700 digital assets. It currently provides Spot trading, Margin trading, P2P fiat trading, Futures trading, Staking, and Lending to its 18 million users in 207 countries and regions around the world. According to CoinMarketCap, KuCoin is currently one of the top 5 crypto exchanges. Also, Forbes named KuCoin as one of the Best Crypto Exchanges for 2021. In 2022, The Ascent named KuCoin the Best Crypto Exchanges and Apps for enthusiasts. To find out more, visit https://www.kucoin.com.  
Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

DeFi: A Huge BNB Chain Exploit, Mango Attacked, MakerDAO To Invest In Bonds

Crypto.com Accelerate the... Crypto.com Accelerate the... 12.10.2022 10:56
BNB Chain temporarily halts post- $566 million exploit. Solana-based DeFi protocol Mango hacked for over $100 million. MakerDAO passes plan to invest $500 million in U.S. government bonds. Weekly DeFi Index This week’s market cap, volume, and volatility indices were negative at -5.15%, -15.19%, and -46.28%, respectively. Check the latest prices on Crypto.com/Price DeFi Index Tokens     News Highlight BNB Chain suffered a US$566 million exploit last Thursday. A hacker tricked the BSC Token Hub, a cross-chain bridge protocol, into sending two million BNB. BNB Chain halted the network temporarily in response to the attack. However, the attacker still managed to drain around $110 million of crypto using a novel approach, syphoning the funds across other networks. Under half of the stolen funds were deposited to a lending protocol on BNB Chain and borrowed centralised stablecoins, including USDT, USDC, and BUSD. The suspension of the BNB Chain network also led to the argument on its decentralisation. Mango, a decentralised spot margin, perpetual futures, borrowing, and lending protocol on Solana was exploited for over $100 million. According to the report, the attacker managed to inflate the value of the protocol’s governance token MNGO, take out large loans against it, and drain Mango’s liquidity pools. MakerDAO, the lending protocol behind the DAI stablecoin, announced a plan to invest $500 million in short-term U.S. treasury bonds and investment-grade corporate bonds. The plan has been approved by the community, and will see $400 million of the organisation’s asset reserves put towards U.S. treasury bonds, and $100 million invested in corporate bonds. DEX Protocols Metrics     Lending Protocols Metrics     Charts on Layer-2 Projects The overall L2 market saw negative growth last week, as its TVL dropped by -2.33%. Optimistic rollups and zero-knowledge rollups projects fell by -1.80% and -1.06%, respectively. Ethereum’s TVL change was negative at -2.86%. The TVL changes for all optimistic rollup projects were negative except Metis Andromeda (+4.45%). Optimism fell the most by -2.87%. ZK rollup projects’ TVL movement was all negative except dYdX (+1.46%). Loopring plummeted the most at -6.01%. Further Reading Asset management giant GoldenTree discloses $5.2M investment in SushiSwap Terra: Luna Foundation Guard shares update on distribution of remaining assets Transit Swap DeFi hacker bags $690,000 bounty after returning $2.75M Bitcoin mining difficulty sees sharpest increase since May 2021 despite slow price gains ParaSwap “investigating” possible private key hack Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (12/10/2022) (crypto.com)
Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

Binance to take over other cryptocurrency exchange - FTX. JPMorgan executes a DeFi trade

Crypto.com Accelerate the... Crypto.com Accelerate the... 09.11.2022 10:36
FTX set to be acquired by Binance. Aave votes to deploy on zkSync v2 testnet. GALA crashed as pNetwork was misconfigured. Deribit halts withdrawals post-US$28M hot wallet hack. Weekly DeFi Index This week’s market cap, volume, and volatility indices were all positive at +4.39%, +33.21%, and +120.98%, respectively.         In preparation for its mainnet release, Chainlink announced that its Early Access Eligibility App for Chainlink Staking v0.1 has been launched. Chainlink Staking v0.1 is part of a broader initiative around Chainlink Economics 2.0, and the staking pool will initially be capped at 25 million LINK tokens, with plans to scale up to 75 million LINK over time. Project Spotlight Cronos ID announced the upcoming minting and public launch of 500 million Cronos ID native governance tokens, $CROID. This token will offer extended functional utility such as discounted prices for rare Cronos ID domain names. It also partnered with the Crypto DeFi Wallet, enabling users to send and receive tokens by using their (or their recipients’) human-readable Cronos ID “.cro” domains.  DeFi and NFT analytics platform DexCheck has integrated Cronos into its analytics platform, enabling the tracking of tokens, trades, or individual wallets. Check out the app on DexCheck.         News Highlight On Tuesday, FTX announced that the exchange will sell its non-U.S. business to Binance. This ‘strategic transaction’ was set in motion a day after FTX CEO Sam Bankman-Fried tweeted that the company and its assets were ‘fine’ (the tweet has since been deleted).  Matter Labs’ proposal to deploy Aave on the zkSync 2.0 testnet has been approved, following a unanimous vote by Aave community members. The vote marks the first stage of the decentralised lending protocol’s rollout to a zero-knowledge rollup. A suspicious address minted US$2 billion worth of GALA on the BNB Chain on 3 November. The newly printed GALA tokens were dumped to PancakeSwap and drained the BNB/GALA pool, earning approximately $4.5 million in the process. This was followed by GALA’s price dropping dramatically by 25.6%. Then, some arbitrageurs found the transactions and started buying GALA from PancakeSwap and selling the tokens on Huobi, causing a price crash from $0.04 to $0.0003 on the exchange. GALA Games confirmed that the cross-chain bridge it uses, pNetwork, initiated the minting to safeguard its liquidity pool from vulnerabilities. Banking giant JPMorgan executed its first live DeFi trade on a public blockchain as part of Monetary Authority of Singapore’s (MAS) Project Guardian initiative, which explores ways that financial institutions can leverage asset tokenisation and DeFi protocols.  U.S. dollar-pegged stablecoin Magic Internet Money (MIM) briefly dropped to nearly $0.95 on Tuesday due to the FTT token tanking. FTX’s native token FTT accounts for 33% of MIM’s underlying collateral, which saw a drop from $22 to $5 within 24 hours early this week.    Crypto exchange Deribit halted withdrawals after suffering from a security breach, with hackers taking away nearly $28 million. Deribit confirmed the attack has now been isolated and quarantined to its BTC, ETH, and USDC hot wallets, and developers have control of the exploit. Recent Research Reports     Research Roundup Newsletter [October 2022]In this issue, we cover our recent Bloomberg Terminal integration, special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. NFT Financialisation and Utility: An OverviewAs NFT utility grows, so does the potential to make money from them. Financialisation could help to achieve greater liquidity for and unlock the value of NFTs. NFT Utility: A Multifaceted Overview and Use CasesFor NFTs to increase in value and be deemed viable economic and financial assets, they have to go beyond collectability and aesthetics. One way to tackle this is through utility. Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES DEFI LAYER 2 Source: crypto.com
The EU Will Move Forward With The Implementation Of The Digital Euro

CBDC As Evolution Of Settlement Forms | DeFi - financial services of Ethereum

Kamila Szypuła Kamila Szypuła 20.11.2022 19:54
Centuries ago, money was associated with various values, mainly precious and semi-precious metals. In modern times, they can be in the form of coins or banknotes, but also accounting entries in accounts. But what is digital money? It does not necessarily have to be identified with cryptocurrencies. Moreover, the market of digital coins is constantly developing and thus financial services that are based on blockchain technology. It is worth getting acquainted with the famous one - DeFi. DeFi - Decentralized finance What is it? DeFi is a term for financial services that are based on blockchain technology (primarily Ethereum). They allow you to perform traditional transactions: purchase, sale, you can also trade assets or take out loans. In other words, they offer practically everything that traditional banks offer. The difference is that DeFi is decentralized – it is peer-to-peer. Transactions take place directly between two people, so there is no need for an intermediary such as a bank. Strengths Decentralized finance has undoubted advantages that traditional financial institutions cannot boast of. When using DeFi, you don't have to enter your full details: name, surname, home address, and the transaction is almost instantaneous. Speed and privacy protection can be considered as the main advantages. To use DeFi, you don't have to submit any applications or fill out documents to, for example, open an account. However, the exclusion of intermediaries means that costs such as commissions disappear. Disadvantages Decentralized finance has the potential to revolutionize the financial market, but that doesn't mean that it doesn't have flaws. Among the most important ones, it is worth mentioning that blockchain technology is complicated and still available only to a small group of people. Many DeFi applications also have bugs and need optimization, which is due to, among others, from the early stages of product development. What's more, there is no 100% guarantee against hacking. CBDC What is it? Giving up the physical form of money in circulation and introducing only digital money is a postulate put forward by economists around the world. It is related to the concept of CBDC. an abbreviation of the English phrase "Central bank digital currency". It is a monetary policy tool already used by central banks around the world. It is used to carry out transactions between commercial banks. The accounts of such entities, which are kept by central banks, have been using the aforementioned digital currency for years. CBDC and cash are not the same CBDC should be treated as a modern, completely different form of central bank money, different from cash and money available to selected entities on accounts maintained at the central bank. CBDC differs a lot from money in the form of cash. Among others: digital form, possibility of programming - thanks to the use of automatic transaction execution after meeting the set conditions, easy to use for payments, anonymity, universal availability. There is no one, always-proven, universal model of CBDC emission. Everything depends on the conditions and socio-economic goals Consequences of the introduction of CBDC There is no doubt that serious consequences of the introduction of CBDC await us. Digital currency may become the basic and only means of payment. Its implementation will have a specific impact on the functioning of: banking system, countries in terms of financial stability, the country's monetary policy, payment system. Economically, central bank digital money carries many potential risks. The introduction of CBDC will have numerous consequences from the point of view of the society and the banking sector, which will concern the sources of financing of the undertaken projects. The importance of deposits may be marginalized, which will result in an increase in the importance of issuing securities of a certain type. Another consequence of the introduction of CBDC may be a reduction in the importance of banks as intermediaries in payment systems. As a result, their financial results may decrease. If the central bank's digital money is introduced, the natural consequence will be a change in the current banking business model. The social consequences should also be emphasized. It should be remembered that changes must also take place in financial education from the earliest age. And speaking of age, also in developing economies or developed societies, the society is getting older, and thus there is no willingness of older people to change or difficulties in educating new technologies. There are other social consequences that central banks have to consider before introducing CBDC into circulation.
Cross-Chain Interoperability Solutions Have The Potential To Significantly Improve

DeFi's Integration With TradFi Is Still In The Early Stages

ByBit Analysis ByBit Analysis 25.11.2022 10:39
Since DeFi summer brought about the 2020 bull market, everyone anticipated “institutional adoption” to come to DeFi. Integration between TradFi and DeFi mainly happened on the trading front, where centralized exchanges became a middle ground for TradFi crypto adoption. Market makers and proprietary funds alike began executing carry and price arbitrage on centralized and decentralized venues. To accommodate billions of dollars of flow, key on-chain trading infrastructure projects were incubated and funded by these institutions. An example of such an infrastructure is Pyth, where 70+ institutional trading firms, with the likes of Jump Crypto and DRW Cumberland, publish price discovery and create market efficiency across different venues. The completion of decentralized infrastructure in financial trading allowed sophisticated trader flows to enter crypto native markets.  Looking past financial trading, there is a second type of institutional capital brewing in DeFi —  these are private credit funds that received traction after the centralized lenders imploded in May 2022. Before the liquidity crunch in May this year, centralized lending desks originated a phenomenal amount of crypto loans, for example, Celsius, Genesis, and BlockFi together issued $45.6 Billion of loans in Q1 2022. Main customers for these loans were institutional traders,  who were willing to pay 10%+ APY on daily liquidity.  Source: Genesis Investor Data With the fast de-leveraging of these centralized entities, there was a void of liquidity in the market and profitable crypto-native institutions turned to DeFi solutions to fill in the space. The market saw the rise of Orthogonal Credit, M11 Credit, and Blocktower Credit, which are credit funds that provide direct lending on venues such as Maple finance to market makers, e.g. Wintermute, Auros and Flow Traders, allowing them to draw USDC at 8.5-10% and draw wETH at 5-6%. Source: @scottincrypto, https://dune.com/scottincrypto/Maple-Deposits Asset management products have also moved on-chain, democratizing investment strategies that historically were only available to large institutional clients. Leveraging smart contracts and unique crypto-native non-linear yields, strategies such as DeFi Option Vaults (DOVs) saw breakout volumes in 2021, with $1 Billion in Total Value Locked (TVL) at its peak. Vaults like Ribbon Finance, Friktion, and Antimatter, provide simple UI/UX to allow retail investors to tap into vanilla option premiums. From underwriting out of money covered calls and vanilla puts, retail investors saw these option premiums reeling in 20 to 40% of returns at the time, which looked very competitive and more sustainable compared to incentive based yield farms. On the back of these retail underwriting, institutional options market makers would buy the entire vault of options and sell on exchanges such as Deribit which saw 90% of total crypto option flow at some point. Currently option vaults face lower volumes due to several reason: Underlying crypto assets have incurred large drawdowns and may continue to have large swings Yields have suppressed during lower volatility periods in the bear market. While DeFi volumes today depend on trading players whose health dictates how active DeFi is, a more balanced ecosystem would welcome players beyond traders, who can leverage the efficiency and transparency of this new paradigm. With the US Fed Funds target rate turning to 3.75 to 4.00%, the DeFi spread (the difference between DeFi borrowing rate and US treasury) has turned to -1.2%, which begs the question — Does it still make sense to invest DeFi capital in Compound’s cUSDC pools where yields are less than 2%? Where will DeFi capital go?  Source: St Louis Fed - https://fred.stlouisfed.org/series/DTB4WK, @tt_taylor https://dune.com/queries/30619/61723 With the above background and questions, this report will delve into the current development of DeFi’s real-world usage, difficulties that hinder such developments, and possibilities in DeFi’s integration with TradFi.  The first phase of DeFi arguably revolved around TradFi capital flows into DeFi, as well as how new capital is deployed to bring TradFi functions to DeFi, including exchanges, trading, lending, derivatives, payments, etc. So far, DeFi applications have been mainly used by crypto-native users. Unfortunately, due to an extended bear market, DeFi usage declined in the face of muted speculative activities. As a result, DeFi protocols turned their focus from retail investors to institutional investors and from crypto trading to tokenized real assets.  The next phase of DeFi seems to be for native DeFi protocols to add the support of real-world assets and enlist real-world players as DeFi users. In this section, we will dive deeper into how DeFi currently interacts with real-world assets. DeFi’s Real-World Lending  In order to expand its usage outside the crypto-native community, DeFi ventured into the traditional world of finance. DeFi’s real-world lending caters to institutional needs, for simplicity  DeFi’s real-world lending in this article only refers to DeFi protocols’ lending to real-world institutions, excluding lending to retail investors.  Top DeFi lending protocols, such as Aave and Compound, offer on-chain over-collateralized loans without the procedures of KYC and credit assessment. In contrast, real-world institutions that are sensitive to capital efficiency loathe over-collateralized loans due to lower leverage, leading to the emergence of DeFi protocols that lend solely to real-world players with under-collateralized or un-collateralized loans, such as Maple Finance.  Despite low capital efficiency, over-collateralized loans in DeFi have a role to play in real-world lending due to lower borrowing rates, with MakerDAO being the pioneer and leader. However, over-collateralized loans often only attract large financial institutions, such as banks, with premium assets as collaterals but not smaller-sized private credit firms. For example, without credit assessment, MakerDAO only charges 30 bps above 5-year treasury loans for its lending to syndicated loans managed by Huntingdon Valley Bank, which is low compared to around 140bps credit risk premium for high-quality bonds.  A Brief Timeline of DeFi’s Real-World Lending With the assistance of real-world asset pools on Centrifuge, MakerDAO ushered in real-world lending back in 2020 on the back of the approval of the proposal for the DAO to onboard off-chain real-world assets (RWA). On the other hand, uncollateralized institutional lending came to light with the launch of TrueFi in Nov 2020 and Maple Finance and Goldfinch in mid-2021. Stepping into 2022, as DeFi space reels from crypto winter, Clearpool, and Ribbon Lend, among other protocols that target institutional borrowing, continue to enter the space.  Collateralized Real-World Lending Source: https://makerburn.com/#/rundown (data as of Nov 16, 2022) The most prominent protocol with over-collateralized real-world lending is  MakerDAO. As of the time of writing, MakerDAO owns eight RWA pools with an outstanding supply of DAI to the tune of $336.7 million. Among them, four lending pools are based on RWA pools from Centrifuge, with collateral including loans to real estate investors, freight invoices, short-term trade receivables, and revenue-based financing assets. Another three lending pools are through a trust structure, with cooperation from 6s Capital, a fund that lends to real estate developers, Huntingdon Valley Bank (HVB), a bank located in the United States, and lastly, Societe Generale, a prominent French bank. The last RWA pool is made up of investments in a high-quality bond scheme with Monetalis to seek higher yields in TradFi.  Centrifuge plays a critical role in MakerDAO’s RWA ambition by tokenizing collateral assets. Investors are separated into two tranches, junior and senior tranches. The junior tranche is open to professional investors looking for higher returns but comes with higher default risks. The RWA pools on Centrifuge cover industries such as real estate bridge loans and fintech debt financing, among others.  While most end borrowers may be linked with real-world usage, the largest RWA pools are Monetalis and the HVB pool, representing 89.3% of the total RWA pools’ DAI supply as of the time of writing, suggesting that Centrifuge-connected pools are a minority among RWA pools.  Moreover, large RWA pools on MakerDAO in connection with Centrifuge were launched in 2020 or early 2021. As uncollateralized lending protocols gained traction in late 2021, MakerDAO lost its luster due to lower leverage from over-collateralized loans, while small borrowers flocked to under-collateralized lending platforms. It is important to note that the supply of DAI on RWA accounts for a small fraction of the total DAI supply, approximately 5.4% as of the time of writing. However, with continuous investments in treasury yields, the RWA proportion is likely to rise in the foreseeable future. All in all, despite early-stage developments, MakerDAO’s RWA scheme has set a great example for the integration of TradFi and DeFi. Not only do real-world players borrow on the platform, but MakerDAO, sitting with more than 3 billion PSM reserves in USDC, has started to seek yields from traditional assets. As we mentioned at the beginning of this article, TradFi capital used to flow into DeFi for higher yields. With treasury interest rates hiking and DeFi yields shrinking, it is natural that DeFi capital flows back to TradFi, ushering in a new era of TradFi-DeFi integration. Under Collateralized Lending Source: rwa.xyz (data as of Nov 16, 2022) Real-world assets collateralized by DeFi institutional lendings are mainly private credits. As of the time of writing, there are active loans amounting to $359 million with an average APY of 11.47% that offer on-chain loans to real-world borrowers. The top real-world borrowers are from fields such as fintech, real estate, and carbon projects, among others.  Under Collateralised Lending Protocols TVL (USD) Loan Value Outstanding (USD) Lenders Maple Finance 296.3m 279m Private credit firms, Crypto market makers TrueFi 38.94m 15.14m Market makers, private credit firms Clearpool 23.8m 7.5m Market makers Goldfinch 20m 5.2m Private credit, asset-based loans Ribbon Lend 28.5 28.5m Market makers Source: Dune Analytics@blakewest; Protocol Websites (data as of Nov 14, 2022) Maple Finance is the leader that offers under-collateralized lending from DeFi to real-world borrowers, with the highest TVL at around $136.2 million. Uncollateralized lending on DeFi targets institutional investors, both crypto-native and real-world players. After rigorous KYC and credit assessment, institutional investors can create a pool on Maple Finance, TrueFi, and ClearPool for borrowing from DeFi users.  However, these under-collateralized lending platforms may not directly serve real-world borrowers. Crypto market makers form a large portion of borrowing demand on TrueFi and ClearPool, which strictly do not qualify as real-world borrowers. On the other hand, Goldfinch, which promotes itself as a true lender to developing countries for real yields, integrates better with real-world players and may continue to drive value to the platforms. The Emergence of Credix Credix is a new institutional lending protocol launched this year on Solana, with a similar model to Goldfinch, connecting global capital to Latin American Fintech borrowers. Credix sets itself apart from the previously mentioned institutional lending protocol by underwriting over-collateralized loans themselves, lowering the default risks for liquidity pool investors while offering an attractive yield.  Synthetic Assets (Tokenized Real-World Assets) Moving the trading of real-world assets on-chain is another way to expand DeFi’s real-world usage. The possible real-world assets include equities, currencies (FX), commodities, and complex derivatives, among others. Synthetix, a popular synthetic trading DeFi platform, offers derivative tokens, dubbed synths, to trade crypto and FX, mainly USD, EUR, and INR, while Gains Network includes trading pairs of crypto, FX, and equities. Tokenizing real-world assets lays the foundation for real-world users to trade traditional assets with no intermediaries. At this juncture, tokenized equities might not attract users due to a series of issues, such as dividend distribution and asset custody. However, DeFi might play a role in facilitating cheaper trading of FX pairs for real-world users, as traditional banks charge high spread costs for retail users. Furthermore, FX volatilities amidst the U.S. monetary tightening cycle leave currencies from developed and emerging countries volatile. FX trading on DeFi enables users to hedge or trade their home currencies with minimal spreads to prevent wealth reduction from currency depreciation. As a highlight, USD/JPY and GBP/USD registered over 232 million and $103 million trading volume in the past 30 days on gTrade, representing around 12.6% and 5.6%, respectively, suggesting a blooming FX trading on DeFi platforms. In Summary While we have seen the adoption of trading and lending DeFi protocols with real-world players, DeFi's integration with TradFi is still in the early stages. DeFi categories other than trading and lending have not seen the same level of integration with TradFi. As such, we will look into what disconnects DeFi from TradFi in the following section. Drawing parallels to traditional financial services, institutional services can fall into the following four categories: trading, lending, investment products, and transaction banking. So far, trading and lending have found the most product market fit in decentralized finance; the appetite for integration seems to be slower in other corners of financial services, and it is worth looking into the roadblocks preventing further integration. Regulation Crypto regulation today remains at rudimentary levels, where most countries’ governing bodies only have concrete guidelines around Anti Money Laundering (AML) practices. As of today, this rudimentary level of regulation has allowed big banks such as JPMorgan to use public blockchain e.g. Polygon as a settlement layer to enhance transparency and efficiency. These trials using a sandboxed environment, albeit exciting steps towards more DeFi adoption, are more of a feature (fractional reserve) in commercial transaction banking than integration of the capital markets. Lack of regulation is preventing TradFi players from using decentralized venues for sourcing and deploying capital. Few countries have more sophisticated regulations regarding crypto investments, for example:  Crypto transactions compliant with OFAC sanctions (US) Requirements as a decentralization organization (Gibraltar) Accreditation of individual investors (US/Dubai/Singapore)  One current solution to the regulatory barriers is Securitize, a KYC layer that allows off-chain real-world assets to accept DeFi capital from compliant investors. The platform has been in the headlines for tokenizing KKR’s healthcare fund, which is one of the first examples of adoption from large private equity players. The platform not only checks whether the investor complies with AML and OFAC requirements, but it also checks whether an investor is fit to participate in the offered investment-grade products. In the US, an accredited investor must have $1 million of net worth, at least $200,000 of income for the past two years, or financial practitioner licenses such as Series 7, 82, 65. This approach is a hybrid approach to DeFi and may be seen as a compromise that might have trouble convincing both traditional institutions and DeFi native players to adopt it. Crypto native KYC solutions using zero-knowledge, such as zkPass, could be the beginning of the end-game for the regulatory dilemma.  Security Often seen as the double-edged sword of DeFi, vulnerable smart contracts have continuously been targeted by malicious hackers and pose the largest inherent risk in the industry. 2022 saw a total of $3 billion stolen from different attacks, where October alone took $718 million from the system across 11 hacks. Reportedly, white hat hackers have been working through a record-high backlog of hack analysis and mitigation. Common vulnerabilities include:  Oracle manipulation Re-entrancy attack Front end, bridge, and other weaknesses. While web3 development has attracted 10x interest since 2018, most of the investment in security has focused on ensuring protocols and their later updates are audited and trusted by their users. With the explosion of new protocols in DeFi, top auditing firms are known to have congested sales pipelines. However, once smart contracts are deployed, there is a lack of investment for on-chain activity monitoring and post-attack retrieval of funds. An example is when DFX – an FX DeFi protocol – was recently hacked, the team was only able to react 20 to 30 minutes after the hack had been detected. The scale of re-investment into security is very different from TradFi and CeFi players, who take an active engagement model spending billions on cyber security budgets.  For active mitigation near real-time, smaller crypto native players like Hackless (a previous EthLisbon hackathon winner) have been monitoring mempools to detect unusual on-chain behaviors, sandwiching malicious transactions, and migrating funds to a safe haven. For post-breach remediation, investigative firms such as Chainalysis (invested by GIC, Blackstone, BNY Mellon) and TRM Labs (invested by Goldman Sachs, Citi, Amex, and Paypal) both launched an incident response division this year to serve institutional clients. The effort tries to to recover the funds by tracking down transaction trails, e.g., Nomad bridge hack and Slope Wallet compromise. Scalable pre-deployment auditing, real-time attack mitigation, and post-breach investigation are the three key areas of development essential for integration with large TradFi institutions. Product Diversity DeFi yields come from validator rewards, lending, and trading rewards such as LP tokens, as well as more “degen” liquidity incentivisation rewards (many of those are battling downward token price pressure in the long term). Through this year’s two large liquidity crunches - some yields have stayed resilient, especially in validator rewards where liquid staking yields for ETH have returned to 10%.  Such resilience in crypto native network yields can provide more comfort for institutional capital to enter the space. However, there is still not enough yield-generating assets on-chain for institutional appetite, and the negative DeFi spread presents an unique timing to examine what are the challenges to bring real-world assets on-chain.  The biggest bottlenecks to bringing more real world assets on-chain are asset origination and real-time data oracles. Firstly, real world asset yield opportunities have not seen a lack of US dollar liquidity since quantitative easing began in March 2009, and hence there was little incentive to cross both regulatory and security hurdles to be on the blockchain. Simply put, capital was cheap, it did not make sense for good quality real world assets to seek on-chain funding even in stablecoins. This phenomenon has only started to change recently, when the Fed started reversing the size of its balance sheet this year. While on-chain liquidity is seeing tightening post-FTX blowup, real-world assets will continue to increase their interest in crypto funding if negative DeFi spread persists.  Secondly, origination for more diverse assets is highly dependent on access to and integration with good quality real world assets. These deals require more integrated oracle infrastructure to improve off-chain data feeds with on-chain execution, which require consensus from stakeholders on what data is required in each of the DeFi applications. Some ideas are data for the underlying real world asset, the inner workings of the deal terms that may include deterministic payouts,  as well as state feeds for collateral and credit assessments e.g. proof of reserve. Interestingly, proof of reserve recently became more widely adopted as industry standard as centralized exchanges such as Bybit are collectively restoring trust in the crypto industry.  Source: Chainlink, https://blog.chain.link/low-latency-oracle-solution/ Despite the current state of DeFi’s real-world functionalities on a global and macro scale, we believe there is more room for integration between the two spaces. Tokenized Risk-Free Rate As DeFi yields have ground lower, global yields have been rising against the restrictive monetary policy from major central banks. As a result, seeking yields from government or corporate bonds for DeFi protocols might be a rational maneuver. As government bonds remain largely inaccessible to most retail investors, tokenizing risk-free investments such as government bonds may attract users to invest cash in the blockchain.  In addition, when: (1) higher yields from under-collateralized lending that pay for credit risks and (2) yields from liquidity provision that factor in impairment loss are excluded, the real yield from USDC lending offered by lending protocols such as Aave is only at 0.31% as of the time of writing. In comparison, 3-month and 6-month U.S. government treasury yields are at 4.16% and 4.53%, respectively, remarkably surpassing the yields on Aave.  As such, DeFi protocols that purchase U.S. treasury bonds in secondary markets for asset tokenization might attract users to their platforms with higher yields. That being said, there are legal and regulatory challenges ahead, but the trend of asset tokenization in DeFis continues to grow.  Increase In Traction for Institutional Lending  Uncollateralized institutional lending offers a significantly higher rate than collateralized protocols such as Aave. Goldfinch, for example, offers yield for its senior tranche at over 13% APY, project by project, with 8% interest payments in USDC and 5% in GFI, its native token. The higher yield may attract capital amidst plunging DeFi yields.  Despite plunging TVL and outstanding debt, Credix, an institutional lending protocol newly launched in June, continues to close new partnerships, such as the upcoming $150 million pool launch with Clave, an Argentinian fintech company, indicating demand for real-world lending from Latin America. What’s more, Maple Finance’s new pool that targets embattled Bitcoin miners has received overwhelming applications, further speaking of massive potential from institutional lending. The popularity of Maple Finance for miners reinforces that traditional corporate finance has leaned toward quality and large-scale firms while embattled small firms are not taken care of. As such, the institutional lending market has great potential by serving real-world players, which might attract new protocols to innovate in this space. That said, the design of under-collateralized institutional lending has its drawbacks, including off-chain diligence and low default protection. As a highlight, native tokens staked dropped in value upon borrowers’ defaults, leading to low coverage from defaulted loans. Great Potential From CDP’s RWA Expansion Over-collateralized lending may serve real-world players due to its low yield, as mentioned earlier. High yields from uncollateralized lending target small to medium firms, while collateralized lending with lower borrowing rate serves financial institutions or investment managers which hold premium assets. At this juncture, more DeFi protocols aspire to issue their stablecoin, including GHO from Aave and Curve’s impending stablecoin. GHO’s business model is closer to the one of MakerDAO and might launch RWA modules as Aave’s business model continues to evolve. Moving forward, more financial institutions like JP Morgan will try out blockchain technology. The CDP protocols, such as MakerDAO, as one of the most established DeFi categories, in our view, may attract them to experiment first. Saving Costs With the Help of Blockchain Source: IMF Traditional financial institutions can reduce operational costs by leveraging DeFi technology. Based on the IMF's report, compared to traditional financial institutions, DeFi has significantly lower labor costs, with smart contracts governing on-chain transactions and validators performing verification and record retention. Traditional finance, which is profit-driven, can simply leverage blockchain technology to save labor costs and further boost its profits.  As such, DeFi protocols that help onboard traditional financial institutions to blockchains will thrive. An example is Quant Network, which gains traction by connecting traditional financial institutions with multiple distributed ledger networks. In Summary As insolvency events continue to steal the limelight, DeFi has taken a hit from plunging TVL and user exodus. However, the long-term secular trend that DeFi will drive value from real-world integration is unstoppable. We have shared our thoughts on how and why further integration between TradFi and DeFi can and should occur, and more possibilities await for industry players to explore. In our view, the next DeFi Summer will come from deepening integration between DeFi and TradFi. 
The Momentum Of Bitcoin On The Daily Time Frame Chart Remains Positive

Total market capitalisation has risen by 1%. Bitcoin trust Grayscale went up by 12%. Tokenised US Treasury bonds have been launched

Alex Kuptsikevich Alex Kuptsikevich 11.01.2023 10:11
Bitcoin returned to growth on Tuesday and was approaching $17.5K in early trading on Wednesday, developing its smooth ascent to levels last seen in mid-December. Total crypto market capitalisation has risen 1% in the last 24 hours to $857bn, while top altcoins are adding between 0.1% (Cardano) and 3.9% (XRP). Bitcoin will confirm its bullish trend if it consolidates above 17800 at the end - the highest close of the day in December. In this case, the sequence of higher highs will be started, whereas, since November, we only have a sequence of higher local lows. The former CTO of the bankrupt FTX exchange has begun cooperating with the investigation Gemini co-founder Cameron Winklevoss in another open letter, called on Digital Currency Group (DCG) head Barry Silbert to step down due to $900 million in outstanding debt. Despite DCG's accumulated problems, the price of bitcoin trust Grayscale (GBTC) rose 12% overnight thanks to news of Morgan Stanley's $3.6 purchase of Grayscale Investments' bitcoin shares. The discount in the value of GBTC relative to NAV (bitcoin market price) fell to 38% from a record 49% recorded on 13 December. Read next: Euro: ECB's Schabel talks further rate hikes. Australian inflation hits 7.3% - Australian dollar can be supported by a 25bp rate hike| FXMAG.COM The former CTO of the bankrupt FTX exchange has begun cooperating with the investigation, which could shed light on the details of multi-million-dollar donations to US politicians by FTX and its former head Sam Bankman-Fried. Meanwhile, DeFi project Ondo Finance has launched tokenised US Treasury bonds.
Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

Ethereum's Shanghai upgrade: public test network to be released by the end of February

Crypto.com Accelerate the... Crypto.com Accelerate the... 11.01.2023 11:07
Crypto.com DeFi Wallet now enables card payments via Crypto.com Pay. Balancer warns LPs to withdraw liquidity ASAP. Critical vulnerability found in Polkadot, preventing potential US$200M loss. Weekly DeFi Index This week’s market cap, volume, and volatility indices surged significantly by +14.65%,+37.61%, and +18.22%,respectively.         MakerDAO (MKR) regained the leading position among DeFi protocols with the highest TVL, taking the top spot from Lido (LDO). An increasing interest in MKR was seen last week. This resulted in its volume growing from 14 million to 38.6 million in the last seven days, as reported by Santiment.         News Highlights Crypto.com DeFi Wallet has integrated Crypto.com Pay, which enables users to seamlessly buy crypto with their credit or debit card, alongside existing payment methods. Users are not required to have a Crypto.com App to make their purchase. Read more about this on Crypto.com.   In its latest core developers call, Ethereum’s developers agreed it will go ahead with releasing a public test network as part of the Shanghai upgrade by the end of February. This upgrade will focus on ETH staking withdrawals and will not include any EVM Object Format changes as previously proposed. DeFi protocol Balancer issued a warning to its liquidity providers to remove their funds from five pools as soon as possible, where around US$6.3 million of funds are at risk. An Immunefi researcher known as ‘pwning.eth’ reported a critical vulnerability that affected three Polkadot parachains (Moonbeam, Astar Network, and Acala), avoiding a potential loss of about $200 million. The bug was found in June 2022 via a software called Frontier, and was only disclosed by Immunefi to the public recently. Due to a bug in the validator client’s latest test release version 1.14, Solana Foundation’s Remote Procedure Call (RPC) endpoints went offline. RPC endpoints are the nodes that act as a gateway for dApps and wallets to the blockchain. Solana said that the incident did not affect block production but also urged those operating a node on a test release version to change over to 1.13. Read next: Total market capitalisation has risen by 1%. Bitcoin trust Grayscale went up by 12%. Tokenised US Treasury bonds have been launched | FXMAG.COM Recent Research Reports     Alpha Navigator: Quest for Alpha [December 2022]: The new year sees crypto outperforming equities and gold. BTC options implied volatilities are subdued while perpetual futures funding rates are positive. 2022 Year Review & 2023 Year Ahead: 2022 has been a rollercoaster ride for the crypto industry. In this report, we curate the top ten crypto events and trends of 2022, followed by our outlook for 2023. Decentralised Social Networks: An Overview: Decentralised social networks aim to enable participants to take back ownership of and better monetise their content and data. We explore the project landscape. We’re all ears. Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Take our survey now Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (11/01/2023) (crypto.com)
Visa is experimenting on Ethereum's Goerli testnet, Tether to purchase bitcoin

Twitter getting closer to digital payments support. Indonesia's Ministry of Trade may roll out a national crypto exchange

Crypto.com Accelerate the... Crypto.com Accelerate the... 06.02.2023 14:07
Cronos Labs opens applications for second cohort of the Cronos Accelerator Program. Indonesia’s Ministry of Trade to roll out a national crypto exchange. Ethereum launches test network, Zhejiang, for staked ETH withdrawal testing. Weekly Market Index Last week’s crypto market prices were flat at -0.97%. Volume dropped slightly by -1.79% and volatility increased by +50.83%.     Weekly Performance Bitcoin (BTC) and Ethereum (ETH) were down -3.2% and -0.5% in the past seven days, respectively. Shiba Inu (SHIB) was the top performer among selected top-cap tokens. The team behind Shiba Inu recently announced the upcoming beta release of Shibarium, a layer-2 network that will operate on top of Ethereum. Read next: Adani Group Company's Crisis Is Gaining Momentum, Finland Is The Happiest Country| FXMAG.COM     News Highlights Blockchain startup accelerator Cronos Labs announced the opening of applications for its second cohort of the US$100 million-backed Cronos Accelerator Program. The program aims to provide selected projects with upfront seed funding of US$30,000 in addition to mentoring, masterclasses, and support from industry experts. The U.S. Federal Reserve raised target interest rates by 0.25% to the 4.50% to 4.75% range, in line with market expectations. Indonesia’s Ministry of Trade is reportedly aiming to roll out a national crypto exchange by June this year. This exchange would act as a clearing house and custodian in the local crypto market. Ethereum developers opened a new test network called “Zhejiang,” where users can start testing staked ether withdrawals, which will be included in the protocol’s upcoming “Shanghai” upgrade. Twitter has started applying for licenses in the United States to allow the social media giant to support digital payments. Currently, the main focus revolves around enabling fiat payments, although anticipation for crypto functionality is building. Recent Research Reports AI-Generated Content and Applications in Web3: Artificial Intelligence-Generated Content (AIGC) has taken the world by storm recently, with popular applications like ChatGPT and DALL-E. We analyse its potential applications in Web3. Crypto Market Sizing Report: Global crypto owners reached 425 million by the end of 2022. Bitcoin and Ethereum owners grew by 20% and 263%, respectively. 2022 Year Review & 2023 Year Ahead: 2022 has been a ride for the crypto industry. In this report, we curate the top ten crypto events and trends of 2022, followed by our outlook for 2023. Catalyst Calendar             Disclaimer: The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES MARKET Source: Crypto Market Pulse (06/02/2023)
Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

USDC to be launched on the Cosmos network. MakerDAO voted to keep USDC at the main reserve currency for DAI

Crypto.com Accelerate the... Crypto.com Accelerate the... 30.03.2023 13:01
Polygon follows Matter Labs in deploying ZK-EVM scaling solutions. MakerDAO votes to retain USDC as the primary reserve for DAI. Circle stablecoin USDC to launch on Cosmos. Weekly DeFi Index This week’s market cap, volume, and volatility indices were negative at -19.11%, -28.46%, and -4.57%, respectively.     Check the latest prices on Crypto.com/Price     Gnosis Builders, the ecosystem team behind Gnosis Chain, announced its latest integration with DeFi protocol Balancer. The integration will bring liquidity to Gnosis Chain and allow users to deploy funds using decentralised apps such as the Balancer App and DeFi yield booster Aura.         News Highlights On 25 March, Matter Labs opened its zkSync Era mainnet to the public, marking the first public launch of an EVM-compatible rollup secured by zero-knowledge proofs. Following its testnet launch in October, Layer-2 scaling solution Polygon launched the mainnet beta for its zkEVM product, with Vitalik Buterin initiating the first transaction. DAI stablecoin issuer MakerDAO voted to keep USDC as the main reserve currency for DAI. Circle announced that its stablecoin USDC will be launched on the Cosmos network. A Swiss non-profit organisation is bringing zero-knowledge proofs to Bitcoin.  It aims to scale the network by allowing users to verify the network’s state without downloading hundreds of megabytes of blockchain history or relying on a third party. Layer-1 blockchain Avalanche’s X and C chains saw a brief outage last week. On-chain data reveals that C-Chain (the contract chain) has recovered from an hour-long outage, while transactions transmitted across X-Chain (the exchange chain) experienced some delays.  As a precautionary measure, THORChain halted its network on 28 March as potential network vulnerabilities are being investigated. BNB Chain-based exchange Safemoon was compromised, which led to approximately US$8.9 million worth of digital assets being drained from its liquidity pool. Blockchain security firm Peckshield shared that a recent update may have introduced a ‘public burn bug’ that facilitated the hack. Recent Research Reports     Research Roundup Newsletter [February 2023]: In this issue, we feature trending market insights and our analyses of the current state of the decentralised derivatives market. Alpha Navigator: Quest for Alpha [February 2023]: Asset classes took a breather in February and sold off, although crypto bucked the trend. BTC and ETH options implied volatilities remain at subdued levels. Overview of Decentralised Derivatives: Crypto derivatives dominate the industry, representing about 70% of the entire market. In this report, we shed light on derivatives in DeFi, their market overview, and some innovations in the space. We’re all ears. Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Take our survey now Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (29/03/2023) (crypto.com)
Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

Ethereum completed the Shapella upgrade. How many ETH have been withdrawn since Sunday?

Crypto.com Accelerate the... Crypto.com Accelerate the... 20.04.2023 15:00
Ethereum’s Shapella upgrade goes live. Uniswap community approves proposal to launch on Polygon’s zkEVM. Arbitrum proposal to return 700M ARB tokens fails. Weekly DeFi Index This week’s market cap, volume, and volatility indices were positive at +8.62%, +44.96%, and +46.89%, respectively.                 News Highlights Ethereum successfully completed the Shapella upgrade on 12 April, and validators can now withdraw their staked ETH. Over 1 million ETH have been withdrawn since Sunday, with some token holders opting to restake their ETH withdrawn since the upgrade.  The Uniswap DAO approved the proposal to launch v3 on Polygon zkEVM after a unanimous governance vote. This move will allow users to access the decentralised exchange from Polygon’s newly released zkEVM Layer 2 network.  Arbitrum Improvement Proposal (AIP) 1.05, which aims to return 700 million ARB governance tokens to Arbitrum’s DAO Treasury, has failed to secure approval by an overwhelming majority.   A recent vulnerability that affects Ethermint and the Cosmos ecosystem was discovered by crypto trading firm Jump Crypto, which could have resulted in an eight-figure exploit. The Evmos core development team confirmed that it blocked the vulnerability before it could cause any impact to networks. An older version of the DeFi protocol Yearn Finance was exploited for US$11.6 million in a flash loan attack on 13 April, due to a vulnerability in Yearn’s USDT token yUSDT.  DeFi protocol Kyber Network discovered a vulnerability in KyberSwap Elastic, and asked its liquidity providers to withdraw their funds immediately. Only KyberSwaP Elastic funds were reported to be affected, and so far no funds have been lost.  Consensys confirmed that an unnamed third-party service provider was a victim in a cyber security incident, which resulted in an unauthorised third party gaining access to 7,000 MetaMask users’ data. Read next: Earnings season: Tesla stock price slipped after yesterday's news. The best selling car in Q1 was Model Y| FXMAG.COM Recent Research Reports     Liquid Staking Derivatives: Money Legos in DeFi: Today, the liquid staking narrative remains strong in anticipation of Ethereum’s Shanghai upgrade, and this report explores its current landscape. Crypto.com Visa Card Consumer Spending Insights 2022: A full breakdown of what our community across the globe liked to spend their crypto on in 2022. Alpha Navigator: Quest for Alpha [March 2023]: Bitcoin shines amid banking sector turmoil. The market expects a pause in rate hikes, potentially setting up new tailwinds for risk assets. We’re all ears. Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Take our survey now Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH CRYPTOCURRENCIES DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (19/04/2023) (crypto.com)
Cryptocurrency payments are steadily increasing, particularly as the DeFi market rebounds from the ‘crypto winter’

Cryptocurrency payments are steadily increasing, particularly as the DeFi market rebounds from the ‘crypto winter’

Scott Major Scott Major 25.04.2023 16:27
Thanks to an opportunity to talk to Transact365 we've recently asked them whether they see, by any chance, a shifting popularity of various payment methods? Do stats confirm that cryptocurrencies slowly become real alternatives to traditional currency conversion when it comes to e.g. international payments? Let's hear from Scott Major, COO of the company. Scott Major (Transact365): Akin to industry research, Transact365 is seeing continual diversification of payment-making preferences across global markets.  Scott Major: The proliferation of embedded finance technology within API-based BNPL platforms, such as Klarna and Affirm, has increased payment flexibility. Reduced cart abandonment rates are another significant advantage. Research suggests that when merchants use BNPL payment options abandonment is slashed by almost 40%. With cart abandonment rates averaging 70% - the equivalent of $18billion a year - there are significant savings to be made by utilising BNPL options. Consumers holding crypto reached 4.2% of all shoppers in 2023 Scott Major: Other emerging technologies within the Web3 space, such as AI, the Metaverse and the continual growth of DLTs such as Blockchain, mean consumers have more choices and ease of payment than ever before. The process of shopping online has been simplified via increased options - a rare success story when tech companies target widespread sector innovation. For merchants, increased payment flexibility has facilitated growth; new markets and demographics are taking advantage of tailored solutions that fit individual geographical and economic situations. Scott Major: Cryptocurrency payments are steadily increasing, particularly as the DeFi market rebounds from the ‘crypto winter’. Consumers holding crypto reached 4.2% of all shoppers in 2023. This figure is even higher in developed economies home to tech hubs; 22% of UK adults own cryptocurrency with 28% likely to trade or buy crypto within the next 12 months. Within this, there is a greater diversification of cryptocurrency payment types; Bitcoin remains dominant, but other altcoins are becoming established as viable options for investment and spending. The likes of Litecoin (9.6%) and TRON (5.2%) take their place behind Ethereum, at 10.9% of all shopping-based crypto use.  Read next: IG analyst to FXMAG.COM: In my opinion commodity prices already reflect higher oil prices| FXMAG.COM Scott Major: Innovations to the payments space, which have made significant steps toward seamless crypto facilitation, are likely to further altcoins' use in e-commerce purchasing. In turn, this provides unique opportunities for merchant scale-up. Offering cryptocurrency as a payment option, as leading gateway providers such as Transact365 now do, allows merchants to access previously untapped regions; ones with less reliable traditional finance infrastructures, heavier payment fees, or higher risk options. Crypto’s ability to facilitate fast, inexpensive payments is a key attribute driving adoption and use. Adoption will likely increase in the coming years as consumer preferences diversify and Web3 technologies usher in a more decentralised landscape.  Attributed by Scott Major, CCO at Transact365  
Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

Maker DAO launched Spark Protocol. SushiSwap rolled out its v3 concentrated liquidity pools

Crypto.com Accelerate the... Crypto.com Accelerate the... 11.05.2023 13:29
Bitcoin transaction fees surpass block subsidy for miners. MakerDAO launches Spark Protocol, a DeFi lending solution for DAI users. SushiSwap rolls out v3 liquidity pools across 13 networks. Weekly DeFi Index This week’s market cap, volume, and volatility indices were negative at -6.57%, -22.97%, and -10.34%, respectively.         Curve Finance launched its native stablecoin crvUSD on the Ethereum mainnet. crvUSD is an overcollateralised stablecoin backed by assets like USDC, ETH, liquid staking derivatives (e.g., sfrxETH), and liquid provision tokens of stablecoin pools.         News Highlights For the first time since 2017, Bitcoin transaction fees in a single block surpassed the block subsidy rewarded to miners. Transaction fees in the block were 6.7 BTC, while the block subsidy was 6.25 BTC. The recent surge in transactions can be attributed to Ordinals NFTs and BRC-20 tokens. Maker DAO launched Spark Protocol, its new DeFi lending solution for DAI users. The platform’s first iteration, Spark Lend, will act as a lending marketplace to supply and borrow cryptocurrencies like ETH, stETH, DAI, and sDAI. Decentralised exchange SushiSwap rolled out its v3 concentrated liquidity pools across 13 networks. The launch aims to help the protocol become more capital efficient by allowing liquidity providers to supply liquidity within a narrower price range (compared to traditional liquidity pools). On 9 May, lending protocol Aave’s v3 went live on the Ethereum Layer-2 scaling solution Metis Network, following a positive community vote. Metis Network adopts the Hybrid Rollup by combining the transcendent scalability of the Optimistic Rollup architecture with the security provided by Zero-Knowledge cryptographic proofs. Microsoft, Deloitte, Goldman Sachs, and other financial institutions and tech giants are partnering to launch Canton Network. It is a privacy-enabled blockchain network designed for institutional assets, allowing for interoperable and synchronised transactions in finance. DeFi protocol Deus Finance faced a major security breach over the weekend, losing over US$6 million on its stablecoin DEI in the process. The hacker exploited a vulnerability in the Arbitrum and BNB Chain networks, according to blockchain security firm Peckshield. Read next: The Kingdom of Bhutan has been reportedly been running a Bitcoin mining operation for the past few years| FXMAG.COM Recent Research Reports                 Monthly Research Roundup (April 2023) Alpha Navigator: Quest for Alpha [April 2023] Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT Monthly Research Roundup (April 2023): In this issue, we feature trending market insights, and our latest research reports take a closer look into Bitcoin’s expanding ecosystem, specifically Layer 2s, DeFi, and NFTs. Alpha Navigator: Quest for Alpha [April 2023]: Asset classes were generally flat in April, with cryptocurrency outperforming other assets. The US Federal Reserve could be on the cusp of ending its interest rate hike cycle. Bitcoin’s Expanding Ecosystem: Layer-2, DeFi, NFT: The landscape of the latest projects building on top of Bitcoin is expanding beyond payments. It now includes Layer-2 scaling solutions and key application categories like DeFi and NFTs. We’re all ears. Your feedback has always helped us provide insightful crypto market trends. Tell us how we can improve this newsletter further by taking a quick survey below (it will only take less than a minute). Thank you! Take our survey now Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags CRYPTO RESEARCH DEFI LAYER 1 LAYER 2 Source: DeFi & L1L2 Weekly (10/05/2023) (crypto.com)
Morgan Stanley Ends Crypto Winter: Bullish on Injective (INJ), VC Spectra (SPCT), and Cosmos (ATOM)

Morgan Stanley Ends Crypto Winter: Bullish on Injective (INJ), VC Spectra (SPCT), and Cosmos (ATOM)

FXMAG Team FXMAG Team 05.11.2023 09:54
Discover insights on top DeFi projects as Morgan Stanley predicts a crypto market upswing, Injective (INJ) collaborates with Google Cloud, and VC Spectra (SPCT) presents lucrative investment opportunities, with a special spotlight on Cosmos' (ATOM) innovative Bitcoin bridge integration. Read on as we unravel the top cryptocurrencies worth investing in ahead of the Bull Run.   >>BUY SPCT TOKENS NOW<<   Morgan Stanley Foresees End of Crypto Winter; Predicts Upcoming Bitcoin Bull Run In a recent analytical report on October 17, 2023, Wall Street titan Morgan Stanley has expressed a belief that the prolonged crypto winter might be coming to an end and a new Bitcoin bull run could be on the horizon.  The bank’s wealth management division delved deep into the cryptocurrency cycle, emphasizing the significant impact of Bitcoin’s halving events on the market. Morgan Stanley’s insights come at a crucial time as investors and enthusiasts in the cryptocurrency space seek signs of market recovery.  The bank’s positive outlook adds a credible voice to the ongoing discussions about the future trajectory of the crypto market, potentially influencing investor sentiment and fostering renewed interest in the digital currency space.   Injective Integrates with Google Cloud’s BigQuery to Enhance Web3 Accessibility On October 24, 2023, Injective (INJ), a decentralized finance (DeFi) platform, integrated with Google Cloud’s BigQuery through the launch of Injective Nexus.  Nexus aims to bridge Injective’s (INJ) blockchain data with the broader developer community, offering datasets for various applications, including DeFi, machine learning, and institutional trading.  This makes Injective (INJ) part of a select group of significant blockchains integrated with BigQuery, joining Bitcoin and Ethereum. The significance of this collaboration for the Injective (INJ) ecosystem is to foster potential growth in traditional finance and institutions.  The collaboration positively impacted Injective’s (INJ) price as INJ moved from $10.94 to $15.24 between October 24 and November 2, 2023. This bullish movement saw the Injective’s (INJ) price surge by 39.32%, a profitable move for investors.  Market experts speculate that the Injective token, INJ, will continue in this bullish momentum, possibly reaching $17.31 by December 22, 2023.   VC Spectra's (SPCT) Profitable Investment Opportunities Set the DeFi Project Apart Morgan Stanley’s insights have sparked some level of hope in the crypto market, as Injective (INJ), Cosmos (ATOM), and VC Spectra (SPCT) have been positively influenced.  VC Spectra (SPCT), a new and promising DeFi token, has been making waves in the crypto market, rapidly climbing the ranks to position itself among the top altcoins.  With a starting price of $0.008, VC Spectra (SPCT) has soared to $0.055, delivering a whopping 587.5% profit to its early investors participating in Stage 1 of its public presale. As the crypto community buzzes with opinions on Morgan Stanley's insight, VC Spectra (SPCT) continues to attract attention to its ecosystem, offering profitable investment opportunities. Amidst the impressive price movement, VC Spectra (SPCT) operates as an asset management protocol and trading platform. VC Spectra (SPCT) aims to promote sustainable investments in fintech and blockchain, democratizing access for experienced and novice investors. However, market experts predict a potential rise to $0.080 before the end of the public presale. Such an increase would provide a staggering 45.45% return for potential investors. This outstanding performance points VC Spectra (SPCT) out as a top cryptocurrency to invest in.   >>BUY SPCT TOKENS NOW<<   Cosmos (ATOM) Revolutionizes DeFi with Native Bitcoin Bridge: nBTC Launches On October 31, 2023, Cosmos (ATOM), one of the top DeFi projects, successfully launched a bridge to bring native Bitcoin (BTC) into its DeFi ecosystem without the need for wrapping.  This bridge, created by the project Nomic, enables the creation of nBTC, an IBC-transferrable token on Cosmos ATOM chains. The goal of this integration with Cosmos ATOM is to provide Bitcoin holders with an easy way to participate in DeFi while maintaining the decentralized nature of Bitcoin.  Following the announcement, Cosmos crypto has been on a bullish trajectory, moving from $6.223 to $7.845 between October 19 and November 2, 2023. This price action marks a 26.07% surge in Cosmos ATOM. Furthermore, experts predict that ATOM will continue to $8.91 by December 15, 2023.   To learn more about VC Spectra (SPCT) and its presale, visit: Buy Presale: https://invest.vcspectra.io/login Website: https://vcspectra.io   Telegram: https://t.me/VCSpectra   Twitter: https://twitter.com/spectravcfund This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.  By accessing and reading this article, you acknowledge and agree to the above disclosure and disclaimer.  

currency calculator