FSI Digital Assets
- Crypto Weekly
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...
- Crypto Funding Fridays
Mining Companies May Be Catching a Bid
After an impressive $749 million was raised last week, funding totals came back down to earth to $228 million. Zero-carbon Bitcoin mining company TeraWulf completed a $32 million public equity sale, representing the largest deal of the week. Additionally, mining company Pow. re completed both a Series A and Strategic...
- Crypto Concepts
Meme Coins
WHAT IS A MEME? A meme is defined by Webster’s New World College Dictionary as “a concept, belief, or practice conceived as a unit of cultural information that may be passed on from person to person, subject to influences in a way analogous to natural selection.” Memes have always existed...
- Crypto Daily
ImmutableX Announces Web3 Passport and Blackrock Increases Stake in Silvergate
Crypto and traditional markets consolidated ahead of today's FOMC meeting at 2 pm EST. The market is currently pricing in a 98.7% chance of a 25 bps rate hike according to CME Group's Fed Watch tool. $BTC and $ETH are down 0.57% and 0.70%, respectively, and SPX and NDQ are...
- Crypto Daily
Binance and Mastercard Team Up in Brazil, Celsius was Running a Ponzi Scheme
The $SPY (+0.70%) and $QQQ (+0.82%) are rallying today following the latest Employment Cost Index (ECI) release, which showed continuing deceleration of wage growth, reducing the risk of a wage-price spiral that could keep inflation persistently higher. Crypto markets are following suit, with $BTC rising 1.30% and $ETH rising 1.65%,...
- Crypto Daily
Funds See Major Inflows, Mining Difficulty Reaches New ATH
The $SPX (-0.8%) and $NDQ (-1.3%) slid on Monday morning as investors prepare for a stacked week of earnings and critical events on the economic calendar. Over 20% of the S&P 500 companies will report their earnings this week, including General Motors and McDonald's on Tuesday, followed by tech companies...
- Crypto Weekly
Hitting the Debt Ceiling and the Buy Button
BACK TO LIFE If you were 100% deployed on January 1st and decided to lock in your returns for the year, frankly, we wouldn’t blame you, especially not after the carnage witnessed last year. However, as we discussed last week, we view this current rally as a sign of more...
- Crypto Funding Fridays
Mining Funding Comes Back from the Dead
For the first time in over a year, we’ve seen mining dominate crypto funding, comprising $625M of this week’s $746M of funding. There were two mining deals, Core Scientific and Blockstream, which received $500M and $125M, respectively. This heavy funding in mining caused total funding this week to skyrocket from...
- Crypto Daily
FTX Releases Creditor List, Aave Clears CRV Bad Debt
Markets are reacting favorably to signs of cooling inflation. This morning, the Commerce Department announced spending by US households decreased by 0.2% MoM, with PCE (Fed's current preferred gauge of inflation) rising 5% in December (vs. 5.5% in November). December Core PCE rose 4.4% (vs. 4.7% in November), growing at...
- Crypto Daily
dYdX Postpones Token Unlock, Moonbirds Founder Kevin Rose Hacked
Stocks are reacting positively to this morningâs U.S Q4 GDP release, which showed GDP grew 2.9% annualized, beating Dow Jonesâ 2.8% estimate. The S&P was up 0.27%, while the Nasdaq gained 0.74%. Although the growth rate slowed compared to Q3, the beat above expectations gives bulls additional ammo in their...
- Crypto Daily
Injective Launches Ecosystem Fund and BlockFi Leaks Financials
After a bit of a correction last night, crypto markets remain largely flat on the day. $BTC is down 0.29% and $ETH is down 0.72%. Traditional markets have pulled back a bit as well, with SPX down 1.34% and NDQ down 1.88%. An interesting development we've seen over the past...