Crypto Research

THE HEADLINES [Members Area Crypto] BOE INTRODUCES BLOCKCHAIN SUPPORTING OMNIBUS ACCOUNTS www. reuters. com The Bank of England plans to introduce an “omnibus” account at the central bank allowing an operator of a payment system to hold funds in the omnibus account to fund their participants’ balances with central bank money on a distributed ledger platform. [Members Area Crypto] UAE USING BLOCKCHAIN FOR AUTHENTICATION SERVICES www. wam. ae The United...

THE HEADLINES [Members Area Crypto] CHINA HAS NO DESIRE TO REPLACE DOLLAR WITH DCEP AND SEES CRYPTO ASSETS AS INVESTMENT ALTERNATIVES www. bloomberg. com The deputy governor of the People’s Bank of China said China is not looking “to replace the U.S. dollar or other international currencies” with the digital yuan and is intending to focus its efforts on domestic use allowing “the market to choose, to facilitate international trade...

A lot happened this week. Bitcoin hit new ATH’s and crypto is showing signs of market rotations. Our current views on the crypto market are the following:Crypto bull market cycle intactBitcoin valuations haven’t peakedMacro picture mixed but favorableCrypto cooling off would be heathyInstitutions more cautious on cryptoSigns of retail money entering pictureStill favor buying GBTC over spot BitcoinStill see Ethereum outperforming BitcoinSize leadership shifting to retail midcapsExchange tokens to DeFi...

THE HEADLINES [Members Area Crypto] PRESIDENT ACCUSES RUSSIA OF USING CRYPTO TO INTERFERE WITH US ELECTIONS www. whitehouse. gov President Biden’s Executive Order on Russia’s interference in the US elections accuses Russia of participating in “deceptive or structured transactions or dealings to circumvent any United States sanctions, including through the use of digital currencies or assets or the use of physical assets.” In response the Department of Treasury Office of...

Looking through yesterday’s trading picture, I came away with several thoughts:Although a direct listing appears to be a more complicated process – at least due to the order matching on opening day – I truly believe this is the future of public listings. It maintains greater control over the valuation with the company during the final funding rounds and eliminates the risk that of a sale at a more conservative price...

Ahead of the direct listing Coinbase provided an update regarding the total number of shares to be listed (130.7 million) and that the 68.5 million shares of Class B common stock would be “convertible, at any time, at the option of the holder, into one share of Class A common stock.” Nasdaq released notice that the reference price for Coinbase’s direct listing (COIN) is $250. As the notice states “the reference price is NOT...

BlockFi's Flori Marquez and Fundstrat Global Advisors' Leeor Shimron talk about new ways to buy and own crypto, the need for FDIC insurance, and how to know if it's not for you.

THE HEADLINES [Members Area Crypto] BIDEN ADMINISTRATION PROPOSES FINCEN BUILD CORPORATE DATABASE www. whitehouse. gov President Biden is proposing that the Financial Crimes Enforcement Network (FinCEN) receive $191 million, $64 million above the 2021 enacted level, to create a database that tracks the ownership and control of companies and organizations and help combat the use of complex corporate structures to shield illegal activity. [Members Area Crypto] EIB LOOKING TO USE...

THE HEADLINES [Members Area Crypto] BIDEN TEAM EYES POTENTIAL THREAT FROM DIGITAL YUAN www. bloomberg. com Bloomberg is reporting that the Biden Administration is stepping up scrutiny of China’s plans for a digital yuan, with officials concerned the move could kick off a long-term bid to topple the dollar as the world’s dominant reserve currency. [Members Area Crypto] PAKISTAN 'WAITING TO BURST' WITH DIGITIZATION EFFORTS www. twitter. com 🐦📺The Governor...

THE HEADLINES [Members Area Crypto] BOJ WORKING WITH G7 ON COMMON RULES FOR CBDCS www. reuters. com The Bank of Japan announced that the G7 plans to establish a set of common rules and platforms for their own central bank digital currencies. [Members Area Crypto] DIGITAL RUBLE EXPECTED BY 2023 www. reuters. com The Russian central bank has expanded on its recent statements regarding the creation of a CBDC by...

In this crypto weekly note, we’re giving a more comprehensive Q1 end update covering prior recommendations and current market views.Bitcoin and crypto had a strong March quarterStocks and high yield are signaling risk-on for cryptoLong GBTC NAV discount is the new BTC premium arb tradeBitcoin dominance falling as crypto capital flows push altcoins higherSmaller to mid-cap cyclicals offering high-risk high-reward crypto market betaCoinbase IPO is landmark moment for the crypto...