Crypto Research

RECAP OF PRICE PERFORMANCE First, let’s quickly recap what we observed the past week for BTC and ETH. Some observations: 1. Below (Exhibit 1) is the 7-day chart featuring the price action of BTC and ETH. Bitcoin surpassed the $48,000 - level, Ethereum traded above $3,300, and the total crypto market cap reached $2.0 trillion for the first time since the industry drawdown in May. 2. Last week we highlighted...

Will McEvoy contributes to FSInsight's Crypto Weekly research, most recently reporting on stablecoins and how the Stablecoin Supply Ratio (SSR) provides insight into the digital asset market. Carrie and Will chat SSR, how it's calculated and what we can forecast based on historical data.

We had the opportunity to meet with Tom Block, FSInsight’s Washington and Policy Strategist, along with Sean Farrell, our VP of Digital Assets. Last week we met to discuss the crypto provision tucked inside the Infrastructure Bill, which loosely defined broker and many saw this as negatively affecting the future of blockchain & crypto innovation here in the US. A compromise amendment was then proposed, which clarified the language and...

Carrie & Will chat about the Ethereum network and the recent EIP-1559 upgrade. Will explains EIP (Ethereum Improvement Proposal) - 1559, which took place on the Ethereum network on August 5, 2021 as part of the "London Hard Fork" upgrades. Currently, users must bid for how much they’re willing to pay in transaction fees to miners, which is oftentimes less transparent and more volatile. EIP-1559 incorporates an automated bidding system...

CRYPTO LOSES BATTLE IN DC BUT IS WELL-POSITIONED FOR THE WAR Last week, we covered the infrastructure bill under deliberation in the Senate due to a crypto provision that was snuck into the bill at the eleventh hour. To recap: the bill had cited a $28.0 billion "pay-for" sourced from tax revenue paid by crypto brokers. This was not a novel concept for the crypto industry, as reputable centralized brokers...

As shown below, Bitcoin's forward performance is far stronger when it is trading above its 200D moving average: >200D, 6M forward return    +193% <200D, 6M forward return       +10% You get the picture, Bitcoin is a network effect/network value asset, and also apparently aided by price momentum. _STRATEGY: BUY BITCOIN OR BUY CRYPTO EQUITIES_ The associated action for Rule #3 is simple. - go long _WHY IS THIS...

We had the opportunity to meet with Tom Block, FSInsight’s Washington and Policy Strategist, along with Sean Farrell, our VP of Digital Assets. There’s been an overlap this week between The Bipartisan Infrastructure Bill, that Tom Block has been reporting on, and a new provision that could have implications on the crypto industry. 1) Sean clarifies the provision addressing crypto and how it could impact the industry. 2) There have...

Sean Farrell, VP of Digital Assets at FSInsight, is the voice behind our FSInsight Crypto Daily Report. Sean combs through headlines and data to provide subscribers with the most important daily crypto updates. We're curious, what's the first thing Sean looks for in this report? Carrie Presley chats about what metrics he looks for along with his goal for the Daily! "It's not timing the market, it's time in the...

CRYPTO TAKES ON CAPITOL HILL Last week, news outlets began reporting on a curious provision tucked away in the 2,700-page, $1 trillion bipartisan infrastructure bill compiled by the Senate. The bill, which is now subject to the Senate amendment process, featured a last-minute, crypto-specific addition that detailed $28 billion of incremental tax revenue resulting from enhanced crypto tax reporting rules. The focal point of the controversial provision was its definition...