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| Daily Updates from FSInsight | October 15, 2021 |
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- At the time of writing, the overall crypto market is trading 1.0% higher over the prior 24 hours as Bitcoin and Ethereum trade 3.0% and 1.0% higher, respectively, over the same period. After dropping to a daily low of around $56,900 on Thursday evening, Bitcoin rallied to nearly $60,000 following the release of a Bloomberg report stating that a pair of futures-based Bitcoin ETFs would not face opposition from the SEC and should be approved next week.
- Bloomberg released a report on Thursday evening citing people familiar with the matter claiming that the SEC is unlikely to block the proposed futures-based Bitcoin ETF products by ProShares and Invesco set to launch next week. Barring any reversals from regulators, this would be a monumental occasion for both the ETF and crypto industries following a long fight to bring crypto products into traditional markets. Many in the investment products industry will now focus their attention on the ultimate ETF goal of bringing a spot-based product to market, a more cost-effective solution for consumers.
- On Thursday, leading crypto exchange Coinbase released a proposal suggesting a new regulatory framework for digital assets. The company suggests that the US creates a digital-native federal regulator called an "MDA" that is solely dedicated to overseeing digital asset markets. This is the second day in a row that an active participant in the crypto market has publicly released suggestions for new regulatory frameworks, as investors at a16z laid out their vision for Web3 regulation on Wednesday.
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Sentiment 
Crypto Size Bullish Signal Bullish signal is tied to the crypto market growing Market Cap $2.4T +$61B (+2.56%) BTC Dominance 45.97% (+0.52%) | Stable Coins Bearish Signal Increase in circulating stablecoins is a Bullish signal In Circulation $69B (-0.31%) In Exchanges $4.4B (-2.71%) | Stablecoin Supply Ratio Bearish Signal Ratio between Bitcoin supply and the supply of stablecoins, denominated in BTC SSR 8.79 (2.90%) SSR Oscillator -0.0489 (-61%) | Funding Rate Bearish Signal Positive funding rates indicate traders are Bullish Bitmex 0.0100% (0.00%) Binance 0.0100% (-19%) |
| BTC Metrics Bullish Signal A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.5M (-0.05%) | Futures CME Bullish Signal A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $59,690 (3.14%) Spot Basis $371 (0.63%) Volume 8,145 (-5.62%) Open Interest 11,081 (-1.22%)
| Options CME No Signal Higher open interest change in a bull market is bullish for the sector Volume 57.00 (16%) Open Interest 1,057 (2.92%) Calls CME Bullish Signal Calls Volume 22.00 (-44%) Calls Open Interest 417 (1.21%) Puts CME Bearish Signal Puts Volume CME 35.00 (250%) Puts Open Interest 640 (4.07%) |
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| | All metrics as of October 15, 2021 12:05 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| BTC | $1.1T | $59,319 | 2.70% | 105% | | | ETH | $449B | $3,808 | 4.85% | 416% | 312% | | BNB | $78B | $465 | -2.61% | 1,144% | 1,040% | | ADA | $72B | $2.19 | 0.55% | 1,104% | 1,000% | | XRP | $53B | $1.14 | 0.98% | 419% | 315% | | DOT | $40B | $40.80 | -0.39% | 341% | 236% | | DOGE | $31B | $0.2319 | -1.42% | 4,942% | 4,838% | | LTC | $13B | $183 | 2.01% | 47% | -58% | | LINK | $12B | $26.73 | -0.39% | 138% | 33% | | BCH | $12B | $624 | 4.31% | 82% | -22% | | Our Deep Research Projects | | AVAX | $12B | $56.68 | 0.87% | 1,682% | 1,578% | | IOTA | $3.7B | $1.32 | -4.52% | 344% | 240% | | BSV | $3.3B | $174 | 0.02% | 6.33% | -98% | | AMP | $1.9B | $0.0456 | 0.04% | 591% | 487% | | ZIL | $1.1B | $0.0959 | -0.48% | 15% | -90% | | ZEN | $889M | $76.45 | 3.75% | 561% | 457% |
All prices as of October 15, 2021 7:30 AM |
| Exchanged Traded Products (ETPs) | |
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| Symbol | Premium to Nav | Last Price | Daily Change | Year to Date | Relative to BTC YTD |
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| GBTC | -16% | $44.91 | 0.58% | 28% | -77% | | BITW | -8.36% | $53.30 | 6.07% | 1.33% | -103% | | ETHE | -8.66% | $34.96 | 6.75% | 191% | 87% | | QBTC | -4.68% | $62.82 | 1.72% | 16% | -88% | | QETH | -5.42% | $58.29 | 1.82% | 170% | 65% |
All prices as of October 15, 2021 5:43 AM |
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| Symbol | Market Cap | Last Price | Daily Change | Year to date | Relative to BTC YTD |
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| PYPL | $313B | $266 | 3.94% | 15% | -90% | | SQ | $113B | $247 | 1.93% | 12% | -93% | | COIN | $68B | $260 | 5.36% | -32% | -136% | | HOOD | $34B | $40.93 | 1.01% | 7.71% | -97% | | SBNY | $18B | $301 | 1.01% | 122% | 18% | | MSTR | $7.5B | $724 | -0.32% | 70% | -34% | | MARA | $4.3B | $43.59 | -0.46% | 296% | 191% | | SI | $4.2B | $160 | 2.01% | 139% | 35% | | RIOT | $2.5B | $26.12 | 1.87% | 58% | -46% | | MOGO | $362M | $5.14 | 1.78% | 28% | -77% |
All prices as of October 15, 2021 1:42 AM *COIN YTD since 14/04/2021 |
| Important Levels and Targets | |
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| BTC | ETH |
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| Level | Price | Distance | Price | Distance |
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| TARGET | $100,000 | 69% | $10,500 | 176% | | RESISTANCE II | $75,000 | 26% | $7,500 | 97% | | RESISTANCE I | $63,000 | 6.21% | $5,000 | 31% | | CURRENT PRICE | $59,319 | | $3,808 | | | SUPPORT I | $58,000 | -2.22% | $3,000 | -21% | | SUPPORT II | $45,500 | -23% | $2,000 | -47% | | SUPPORT III | $43,000 | -28% | $1,490 | -61% |
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| | | | Crypto meme lords have ignited a run on tungsten cubes.A two-day-old Twitter joke – “Crypto Traders to Blame for Global Tungsten Shortage” – is trending toward reality – at least if that reality is restrained to desk tchotchkes.It’s also forcing the ... |
| | | The chief executive officer of global investment bank Morgan Stanley says that cryptocurrency, including bitcoin, is not a fad. Noting that they are not going to go away, he said: “We’re watchful of it, we’re respectful, and we’ll wait and see how th... |
| | | The Sacramento Kings were early adopters of crypto. The team is now taking on decentralized infrastructure startup Ankr as a sponsor. |
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| | | | The activity on Binance Smart Chain (BSC) continues increasing as the number of unique active wallets (UAW) connected to the network surpassed 608,500 per day on average during Q3, according to DappRadar’s recent report. The post DeFi activity on Bi... |
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| | | | Bitcoin rallied late Thursday following a Bloomberg report that a bitcoin futures exchange-traded fund (ETF) will clear the U.S. Securities and Exchange Commission (SEC).The top cryptocurrency was up 3.5% in less than an hour, nearing $60,000 for the... |
| | | MintGreen and Lonsdale Energy plan to use the heat generated by bitcoin mining to supply the city of North Vancouver. |
| | | The firm's CIO explained their filing's rationale, sharing that the SEC can now approve an actual bitcoin ETF. |
| | | Tested with professional athletes, the service is now widely available in 48 U.S. states. |
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| | | | It might well be history: On July 28, 2021, Rep. Ted Budd (R-N.C.) headlined a Q&A session with the MakerDAO community – perhaps the first-ever meeting between a decentralized autonomous organization (DAO) and a sitting U.S. congressman.The sit-d... |
| | | The meetings convened 32 countries to discuss ransomware and suggest that more regulation of cybersecurity is coming. The post Biden’s ransomware summit calls for better cyber hygiene appeared first on The Block. |
| | | In an interview at the Russian Energy Week International Forum 2021, Russian President Vladimir Putin expressed uncertainty about the various use cases of cryptocurrency, other than for payments. He said, “(It’s) too early to talk about the trade of ... |
| | | Coinbase has published its "Digital Asset Policy Proposal," talking about new agencies, regulations and other actions to help grow the cryptocurrency industry in the United States |
| | | The Washington insider will help the company navigate through increasingly turbulent regulatory waters. |
| | | Andres Manuel Lopez Obrador, president of Mexico, says his government isn't interested in Bitcoin and is more concerned about tax evasion. |
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| | | | The Stellar Development Foundation (SDF) has made a fresh bet on the financial services sector. According to a press release, the institution participated in a $145 million series E for Tala. A global technology company working on providing millions ... |
| | | Stronghold Digital, a Bitcoin mining company that relies on coal waste for its operations, is eyeing up a multi-million dollar IPO. |
| | | A new layer-2 ecosystem is on the rise and now it has $12 million to expand operations.Aurora, a project built on the NEAR blockchain allowing for Ethereum Virtual Machine (EVM) contracts to run on the chain, has completed an equity raise of $12 mill... |
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| | | | The popular Mexican game will be turned into a Solana-based NFT experience, with funds benefiting educational organizations. |
| | | Pack your virtual festival attire.The virtual world of Decentraland is hosting a first-of-its-kind music festival featuring over 80 real-world artists. Big names such as Paris Hilton, Deadmau5, Flume and 3LAU are involved.The four-day “Metaverse Fest... |
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