Crypto Daily Report – July 12
Jul 12, 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 12, 2022 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FSINSIGHT Tickers on this report: AAVE, ATOM, AVAX, BNB, BTC, COMP, ETH, SOL, STETH Market UpdateWalter Teng Digital Asset Strategy AssociateCrypto markets are trading 2.5% lower in the last day, with blue chips $BTC and $ETH at $19.93k (-2.2%) and $1.08k (-5.0%). Alt Layer 1 majors $BNB, $SOL, and $AVAX are changing hands at $227 (-1.7%), $34.4 (-1.4%) and $17.9 (-1.9%). $ATOM, $COMP, and $AAVE seem to be the biggest losers (-8% or more) in the Top 100. Cosmos retraced gains since Friday after announcing a change in incentives for new Cosmos chains to leverage the Cosmos Hub. Aave also has seen a repricing after its announcement of the GHO stablecoin. With residual contagion risk lingering in the markets, calling for the bottom decisively at these levels are a tall task. For large well-capitalized trading desks, however, steeply-discounted OTC deals (relative to current prices) with distressed parties such as Celsius may prove prudent retrospectively.Today, 3AC came out of silenc