Most Important Daily
Data and News for Digital Assets |
 |  | Crypto Daily Report The Most Important Daily
Data for Digital Assets |
|
| Daily Analysis from FSInsight | July 16, 2021 |
|
- Bitcoin and Ethereum are flat over the prior 24 hours as they trade at $31,800 and $1,900, respectively, at the time of writing. We continue to observe low trading volumes coupled with net outflows from exchanges.
- Following the announcement of Square's open-sourced Bitcoin hardware wallet earlier this week, Jack Dorsey stated on Thursday that the payments giant is working on "an open developer platform" focused on bitcoin-linked financial services. Dorsey has long advocated for BTC to become the native internet currency and, although he serves as CEO of two large tech companies, he has gone on record saying that "I don't think there is anything more important in my lifetime to work on," as it relates to Bitcoin development.
- This morning, Binance announced that it is ceasing the trading of stock tokens on its platform. This news preempted the Hong Kong Securities and Futures Commission's (SFC's) warning that stated Binance is unlicensed and therefore not permitted to conduct "regulated activity" in the city, specifically as it relates to tokenized stock. Stock tokens (or tokenized stock) are blockchain-based shares of publicly traded companies. The tokens are backed 1:1 with shares of each respective company, but offer fractionalization and 24-hour market access to investors.
|
|
|
Crypto Size  Bearish Signal Bullish signal is tied to the crypto market growing Market Cap $1.3T $-13.0B (-0.99%) BTC Dominance 46.05% (+0.80%) | Stable Coins Bearish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $62B (-0.06%) In Exchanges $5.1B (+161%) | Funding Rate Bullish Signal Positive funding rates indicate traders are Bullish Bitmex -0.03% (+595%) Binance -0.01% (+175%) | BTC Metrics Bearish Signal A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.6M (0.02%) |
| Sentiment
Futures CME Bearish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $31,725 (-0.81%) Spot Basis $-71.73 (-0.23%) Volume 7,545 (88%) Open Interest 8,175 (16%)
Options CME Bullish Signal Higher open interest change in a bull market is bullish for the sector Volume 32.00 (60%) Open Interest 966 (2.77%) |
| | All metrics as of July 16, 2021 12:07 AM |
|
|
| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
|---|
| BTC | $596B | $31,797 | 0.76% | 9.64% | | | ETH | $221B | $1,897 | 0.43% | 157% | 148% | | BNB | $47B | $308 | 0.44% | 726% | 716% | | ADA | $38B | $1.20 | -1.39% | 560% | 551% | | XRP | $28B | $0.5970 | 0.09% | 173% | 163% | | DOGE | $24B | $0.1811 | -3.57% | 3,837% | 3,827% | | DOT | $12B | $12.62 | -1.48% | 36% | 27% | | BCH | $8.4B | $447 | -0.25% | 31% | 21% | | LTC | $8.2B | $123 | -1.00% | -1.07% | -11% | | LINK | $6.8B | $15.55 | -2.79% | 38% | 29% | | Our Deep Research Projects | | BSV | $2.4B | $127 | -0.80% | -22% | -32% | | AVAX | $2.0B | $11.34 | 1.05% | 257% | 247% | | AMP | $1.9B | $0.0443 | -8.74% | 572% | 562% | | IOTA | $1.9B | $0.6731 | -2.77% | 127% | 117% | | ZIL | $739M | $0.0643 | -3.71% | -23% | -33% | | ZEN | $586M | $51.86 | -2.73% | 349% | 339% |
All prices as of July 16, 2021 1:27 PM |
| Exchanged Traded Products (ETPs) | |
|
| Symbol | Premium to Nav | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
|---|
| GBTC | -15% | $26.24 | -2.38% | -25% | -35% | | BITW | 14% | $40.00 | 0.63% | -24% | -34% | | ETHE | -9.38% | $18.65 | 2.81% | 55% | 46% | | QBTC | -6.94% | $62.82 | 1.72% | 16% | 6.69% | | QETH | -7.74% | $58.29 | 1.82% | 170% | 160% |
All prices as of July 16, 2021 9:27 AM |
|
| Symbol | Market Cap | Last Price | Daily Change | Year to date | Relative to BTC YTD |
|---|
| PYPL | $348B | $301 | 0.04% | 30% | 20% | | SQ | $107B | $240 | 0.35% | 8.44% | -1.20% | | COIN | $59B | $230 | 0.00% | -40% | -49% | | SBNY | $15B | $253 | 5.10% | 86% | 77% | | MSTR | $5.3B | $547 | -2.40% | 29% | 19% | | RIOT | $2.7B | $27.85 | -2.59% | 69% | 59% | | MARA | $2.4B | $24.03 | -2.48% | 118% | 109% | | SI | $2.3B | $89.37 | -4.80% | 34% | 24% | | MOGO | $407M | $5.70 | -2.73% | 42% | 32% |
All prices as of July 15, 2021 11:30 PM *COIN YTD since 14/04/2021 |
| Important Levels and Targets | |
|
| BTC | ETH |
|---|
| Level | Price | Distance | Price | Distance |
|---|
| TARGET | $100,000 | 214% | $10,500 | 453% | | RESISTANCE II | $39,000 | 23% | $3,000 | 58% | | RESISTANCE I | $34,606 | 8.84% | $2,000 | 5.41% | | CURRENT PRICE | $31,797 | | $1,897 | | | SUPPORT I | $30,145 | -5.19% | $1,490 | -21% | | SUPPORT II | $20,000 | -37% | $1,380 | -27% | | SUPPORT III | $14,000 | -56% | $750 | -60% |
|
|
| | | | A 22-year-old Bitcoin investor is selling a smartphone, pre-loaded with apps like Parler, that skeptics say is a scam aimed at Trump supporters. |
| | | Authorities in Hong Kong have arrested four people suspected of money laundering a total of $155 million through cryptocurrency wallets and bank accounts. The city’s customs agency said this was its first case in which virtual money had been used to ... |
| | | The People's Bank of China has published a whitepaper for the digital yuan, marking yet another step towards its official rollout. The post China publishes first e-CNY whitepaper, confirming smart contract programmability appeared first on The Block. |
| | | A non-governmental organization (NGO), Save Tigray, has announced it will be using the proceeds from the sale of non-fungible tokens (NFTs) to support its goal of averting famine in Ethiopia’s war-torn Tigray region. According to Save Tigray, the NFT... |
| | | A top executive at crypto exchange Binance announced his resignation citing unrealized expectations during his spell at the company. |
| | | Crypto exchange Binance announced Friday that it's stopping trading of stock tokens. The move comes after further regulatory scrutiny. The post Binance says it will no longer offer trading of stock tokens appeared first on The Block. |
| | | Cross-chain exchange Thorchain says the treasury will be used to repay the $5 million in funds that were stolen in an exploit. The post Thorchain suffers $5 million exploit, developers have put out a fix appeared first on The Block. |
| | | Payments giant Paypal has increased its weekly purchase limit for cryptocurrencies and has removed the annual limit altogether. The company said, “These changes will enable our customers to have more choice and flexibility in purchasing cryptocurrenc... |
| | | Amidst recent 500% gains in token price and marketplace volume alike, Axie Infinity is looking to fund tournaments. |
|
| | | | Payments company dives into hot new area of innovation in financial services |
| | | The investment collective is putting its crypto art collection to work. |
|
| | | | Regulators from the CVM, the securities watchdog of Brazil, have approved the first Ethereum-based ETF in Latin America (Latam). The product, presented by blockchain investment company QR Asset, aims to simplify the task of getting Ether exposure for... |
|
| | | | Former U.S. Treasury Secretary Steven Mnuchin says his viewpoint on bitcoin “has evolved a little bit.” While he personally does not want to have bitcoin in his portfolio, he says if people want to buy the cryptocurrency, “that’s perfectly fine.” Mnu... |
|
| | | | A coalition of Congress members have proposed legislation to provide clearer definitions for digital assets and technologies, especially as they relate to securities laws. The post US lawmakers look to clarify digital assets in the context of securit... |
| | | The SEC argues that Ripple token XRP was an unregistered security. The judge wants to see what William Hinman has to say. |
|
|
|
