Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Su Launches New Crypto Exchange, Kraken Settles with SEC

Feb 10, 2023
Author
Walter Teng, CFA
Walter Teng, CFA AC
body{ background-color:'#041529';} body,table,td,p{ font-size:22px; } body div center ul, body div center li { margin-left: 10px !important; margin-right: 0 !important; } a { color:'#3E84CE'; } .font_small, .font_small td, .font_small p{font-size:16px;} .font_big, .font_big td, .font_big p{font-size:26px;} @media screen and (max-width: 640px){ body,table,td,p{ font-size:28px; } .font_mobile, .font_mobile li, .font_mobile div, .font_mobile p {font-size:30px;} .font_small, .font_small td, .font_small p{font-size:24px;} .font_big, .font_big td, .font_big p{font-size:28px;} } Most Important Daily Data and News for Digital Assets Crypto Daily ReportFebruary 10, 2023 THIS MESSAGE IS SENT SOLELY TO MEMBERS OF FS INSIGHT Tickers on this report: BTC, DUSK, ETH, LRC, MINA, QQQ, RPL, SPX, stETH Market UpdateWalter Teng Vice President of Digital Asset StrategyDigital asset markets took a dive late yesterday after the SEC announced its $30m settlement with Kraken's staking service and investigation into stablecoin issuer Paxos. $BTC and $ETH retraced 4.0% and 6.3% in the past day, while $SPX and $QQQ are down 0.30% and 1.3% since yesterday's close. In response to the SEC's crackdown on centralized staking services, liquid staking derivative RocketPool ($RPL) performed well relative to the m

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

FSInsight Puts Ethereum At $12,000 EOY, Bullish Forecast For Bitcoin

As outlined in this week’s Core Strategy note, our “Buy in May” thesis was kept intact following the Fed’s announcement of tapering QT and a dovish FOMC meeting, helping yields begin to roll over. This morning’s non-farm payrolls data has helped fuel further yield deterioration with a large downside surprise of 175k payrolls vs. 238k expected, and the unemployment rate ticking up to 3.9% (3.8% exp.). The US10Y (-1.68%) briefly...

BTC QQQ SPY TON
Bitcoin will hit $200,000 in the second half of 2022, predicts FSInsight

We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 0.98% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 1.61% is attempting to break through $3k resistance. SOL 1.25% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

AAPL AR BONK BTC COIN ETH IMX OP PEPE QQQ SOL SPX W
Invesco ditches its plan to launch a US bitcoin futures ETF any time soon, just before the first-ever makes its debut

Risk markets were selling off before today's FOMC meeting where it was unanimously voted to keep interest rates steady. The Fed announced it would be reducing the speed of its balance sheet taper from $60 billion per month to $25 billion per month, a larger than expected reduction. Following the announcements and Chair Powell’s comments, yields turned sharply lower with the US10Y falling 9 basis points while equity indices rose....

BTC ETH MATIC OP QQQ SPY STRK
ProShares' bitcoin futures ETF sees the 2nd-heaviest debut volume on record with 24 million shares traded

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 0.98% now testing $60k, ETH 1.61% just below $3k, and SOL 1.25% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

BTC ETH QQQ SOL SPX

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In