Crypto Daily Report – July 6
Jul 6, 2022
body{ background-color:'#041529'} body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } Most Important Daily Data and News for Digital Assets Crypto Daily ReportJuly 6, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: AVAX, BNB, BTC, CRV, CVX, ETH, SOL Market UpdateWalter Teng Digital Asset Strategy AssociateAmidst a flat opening in traditional markets (NDAQ +0.1% | SPX -0.4%), digital asset market capitalization is up by 2.6% over the last 24 hours. $BTC and $ETH have been trading at similar levels since capitulating 18 days ago, at $20.1k (+3.3%) and $1.13k (+3.7%), respectively. Alt Layer 1 majors $BNB, $SOL, and $AVAX, are changing hands at $237 (+5.3%), $35.8 (+5.9%), and $18.4 (+8.4%). In the top 100, $CVX has shown the most substantial 24-hr gain (+10.7%) at $5.63. While Convex had substantial (27.4m) unlocks on 6/30 that incited fear of sell pressure in the bear markets, the majority of Curve war participants (e.g. FRAX) surprisingly relocked their $CRV and $CVX into partner and derivative protocols, signaling faith in arguably the only 'sustainable' primitive DeFi has seen thus far. The next unlock date to watch out for is 7/7, where 8.7m more CVX will