SEI Token Launches, Potential Grayscale Decision Friday

Aug 15, 2023
Market Update On Tuesday, major equity indices saw a decline attributed to global economic concerns, particularly centered around China, and cautionary statements from Fitch regarding further potential downgrades in ratings for U.S. banks. Despite these apprehensions, July's U.S. retail sales data defied expectations, registering a 0.7% monthly increase, surpassing economists' expectations of 0.4%. This outcome underscored the enduring strength of the U.S. consumer. Interestingly, the day witnessed relatively stable rates, which could be attributed to the conflicting influences of robust domestic data and sluggish global economic indicators. The crypto market continued to move sideways until alts sold off around 3 pm EST, prompted by long liquidations amounting to over $84 million. Both $BTC and $ETH faced a minor dip but generally adhered to their established trading ranges of recent weeks. However, other altcoins experienced more noticeable declines, with major Layer 1 tokens trading 2-3% lower. Notably, the day's standout performer was $RUNE, surging by 14% within the last 24 hours and achieving a remarkable 60% increase over the past week. This upswing could be attributed to the introduction of Thorchain's novel lending protocol, allowing users to borrow against their BTC an

Unlock this article by joining our Community!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Already a member?

We accept crypto via BitPay for yearly subscriptions.

Choose one of our yearly plans to save nearly 15%
Macro + Crypto

FSI Pro

The Complete Package

FSI Macro + FSI Crypto

from $219/mo

First Month Free!

Macro

FSI Macro

from $169/mo

First Month Free!

What’s included?

WEBINARS AND MEDIA

Webinars

We host over 12 LIVE webinars per year with our research team and high-profile special guests. Incredible value and market insights!

WEEKLY

COMING SOON

Fireside Chats

Weekly interviews with our research heads about market opportunities and important updates.

RESEARCH

WEEKDAYS

Tom Lee's First Word

The best market research out there -- on a near-daily basis.

ON MARKET EVENTS

Tom Lee's Intraday Word

These are released periodically after crucial market developments.

DAILY

Daily Technical Strategy

Daily commentary on market trends and short term opportunities.

WEEKLY

Wall Street Whispers

Exclusive insights based on discussions with institutional clients.

WEEKLY

Quantitative Strategy

Quantitative market research utilizing industry-leading analytical methods.

WEEKLY

US Policy

Weekly update on developments in Washington DC and how they may impact Wall Street.

WEEKLY

Weekly Roadmap

Weekly summary of market events and updates on our key theses.

EARNINGS SEASON

Earnings Daily

A multi-faceted update of earnings developments.

UPDATED BI-WEEKLY

Signal From Noise

Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.

STOCK LISTS

UPDATED MONTHLY

FSI Sector Allocation

A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.

UPDATED MONTHLY

Factor Strategy

List of ETFs based on quantitative models that should outperform the S&P 500 on a monthly basis.

UPDATED MONTHLY

Newton's Upticks

Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.

AND MORE!

FSI Academy

Thematic investment stock picks that aim to outperform the S&P 500.

Community Questions

We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!

Community Interviews

Get questions answered directly by our research heads and guest speakers.

Get access to all the macro research on FS Insight

First Month Free!

Crypto

FSI Crypto

from $79/mo

First Month Free!

What’s included?

WEBINARS AND MEDIA

Webinars

Ongoing webinars exploring crypto opportunities, in depth research, and exclusive research offerings from our team of analysts and leading cryptocurrency firms.

WEEKLY

Crypto Comments

Digestible videos expanding on important market events and metrics that are shaping cryptocurrency markets.

RESEARCH

DAILY

Crypto Market Update

Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.

INTRA MONTH

Crypto First Word from Tom Lee

Hear directly from Tom Lee about important cryptocurrency developments.

WEEKLY

Crypto Technical Strategy

From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.

WEEKLY

Crypto Strategy

A must-read summarizing our key thoughts about the crypto market, price action, and developing trends.

WEEKLY

Funding Fridays

Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!

WEEKLY

COMING SOON

Crypto Events

Never miss another conference, a high-impact software update, or an event that could be market-moving!

NTRA-MONTH

Deep Research Reports

Our consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.

WEEKLY

Crypto Strategy

Keep track of bitcoin sentiment to plan your digital assets strategy.

AND MORE!

FSI Academy

Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.

Community Questions

We gather your inquiries and answer them in the most scalable way. Hear directly from our research principals!

Community Interviews

Get questions answered directly by our research heads and guest speakers.

Get access to all the Crypto research on FS Insight

First Month Free!

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -2.67% falling to $60k and ETH -5.04% approaching the low $2,300s. Aptos (APT -6.33% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE -8.93% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.67% climbing back above $61,000 and SOL -3.65% moving above $145, while ETH -5.04% is lagging, trading around $2,400. Among today's outperformers is SUI -3.95% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

Sign in to read the report!

We have detected you are an active member!

Ray: 036ab8-6547a6-cf8512-7b95b8-269f28