Crypto Research
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KRAKEN DOWN ON STAKING AS A SERVICE On Wednesday, Brian Armstrong, the CEO of Coinbase, tweeted that he heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. In his tweet, he expressed concern about this possibility and said that he believes it would be a terrible path for the U.S. if that were to happen. Then on Thursday, Kraken, another...
Digital 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 4.75% retraced 4.0% and 6.3% in the past day, while ^SPX 1.11% and QQQ 1.08% 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 market, up...
Following large intraday swings yesterday after Jerome Powell's speech at the Economic Club of DC, traditional indices have picked a direction, with the SPY 1.11% (-1.07%) and QQQ 1.08% (-1.72%) both falling today. BTC (-1.30%) and ETH 4.75% (-1.36%) continue to trade around $23k and $1.65k as many altcoins are cooling off following impressive gains over the past month. Popular Arbitrum tokens GMX and MAGIC are down 9.05% and 13.83%, respectively. The Sandbox...
FS Insight members now have access to the Crypto Core Strategy, a crypto portfolio and allocation tool for investors looking to explore this emerging asset class. Sean Farrell answers your most common questions about the Crypto Core Strategy, including:How should I allocate to bitcoin, ethereum, altcoins, and stablecoins?What digital assets are included in this portfolio and are there limitations?What % of an investment portfolio would you recommend allocating to the...
Crypto and traditional markets began to recover from their pullback yesterday. BTC and ETH 4.75% are up 0.97% and 1.52%, respectively, while SPX and NDQ are up 0.15% and 0.57%. Outperformers today include INJ, up 12.67%, and LDO, up 14.0%. Lido's rise comes after the protocol unveiled its upgrade plans for v2 ahead of Ethereum's Shanghai upgrade. There are two major focuses of this upgrade: an introduction of a new staking router and...
Equities declined Monday morning, likely prompted by caution over increased hawkishness from the Fed following the strong US jobs report on Friday. The ^SPX 1.11% is down 0.4%, while the NDQ is trading 0.5% lower. Bond yields increased, with the 10-year yield rising by 9 BPS and the 2-year adding 14 BPS. The DXY (+0.5%) and the VIX (+6.0%) have also ticked higher on the day. Meanwhile, the crypto market is...
GOLDEN CROSS APPROACHES The golden cross is a commonly used technical indicator. It is characterized by the intersection of two moving averages, where a short-term average crosses above a long-term average. The most commonly used moving averages are the 50-day and 200-day. This crossover pattern is widely interpreted as a signal of a potential trend reversal from bearish to bullish, suggesting an upward momentum in the asset's price. As demonstrated...
Markets opened lower before rebounding on news of accelerated hiring in January (517k jobs added) and the lowest unemployment rate in 53 years at 3.4%. Despite strong job gains, wage growth continued to soften last month (+4.4% YoY). As reflected by markets, these conflicting data points could accommodate a soft landing scenario. ^SPX 1.11% (-0.1%) and QQQ 1.08% (-0.1%) are trading relatively flat at time of writing, while DXY and US20Y are up by...
