A Cosmic Guide To The NFT Universe
Source: J-P Metsavainio
Each night when most people see the darkness ushering in the end of the day, J-P Metsavainio sees his day just beginning. J-P is known as an astrophotographer, but if an artist is someone who creates images that convey one’s passion and beauty, then J-P is the truest of artists. He works with a model that is all around us but has seldom been seen as clearly and magnificently as J-P has been able to display it.
From his home in Finland which is about 90 miles from the Polar Circle, J-P has spent many years photographing the universe and capturing images that bring awe and even tears to not only the casual observer of the stars, but scientists and astronomers as well.
In the winter, J-P can be found every clear night collecting data for his work, and in Finland the nights are very long. A self-proclaimed perfectionist, J-P doesn’t want to miss a single clear moment due to software glitches, so he prefers to do everything on his own without the use of automated tools. It makes for many silent and what would appear to be lonely nights (his wife calls herself an “astro-widow”), but J-P sees every moment spent looking at the stars as a moment forming a very personal relationship between him and the images of the universe that he will turn i...Reports you may have missed
BTC AS A POSSIBLE STRATEGIC RESERVE Last week, we discussed the rising political tailwinds affecting crypto. Despite events earlier in the year that might have suggested a changed stance from the Democratic Party, the political divide over the issue has grown stronger. The GOP has become the party that is undoubtedly more favorable to the industry. The attempted assassination of former President Trump, juxtaposed against a Democratic Party seemingly in...
Gox Wallet Movements Still Present a Risk, But Macro & Politics Keeps Us Allocated Here (Core Strategy Rebalance)
DISCUSSING THE SUPPLY CONCERNS On balance, macro conditions have moved in our favor thus far in early Q3. We have received soft jobs numbers and softer ISM reports, and cooler inflation figures, which have sent rates and the DXY lower. Unfortunately, the mere reveal of imminent sales from the German BKA and the solidification of the Mt. Gox disbursement timeline were not enough to put a bottom in for bitcoin....
LESSONS FROM OPEC We have witnessed a significant market panic partially related to formerly locked BTC hitting the order books. The major sources of supply include:Mt. Gox – 141,686 BTCUS Government – 8,100 BTCGerman Government – 50,000 BTC At current prices, this would equate to over $12 billion in supply. This threat, combined with an inhospitable macro backdrop (rising DXY, higher rate expectations, hawkish Fed), has brought BTC down to...
LDO Risk/Reward Looks Good Here, Immediate-term Macro Picture Still Uncertain (Core Strategy Rebalance)
FLOWS AND SENTIMENT STILL SUBDUED Last week, we received a better-than-expected CPI print, but the DXY continued to move higher due to global weakness and a hawkish Fed. We discussed the risks appearing in the metrics we use to gauge sentiment and flows. The overall lack of follow-through in the crypto market was evident. Volumes, net ETP flows, the Coinbase discount, stablecoin market cap trend, and search interest for key...
