FSI Digital Assets
- Market Update
- Funding Fridays
Series A Funding Continues to Shine
WEEKLY RECAP Crypto funding was relatively unchanged week-over-week, with a 4% decrease to $138 million, while deal count saw a larger decrease, falling 29% to 25 deals. Infrastructure deals comprised 73% of total funding and Web3 and Gaming combined for 26%, with remaining categories making up the last 1%. As...
- Crypto Research
Buyers On Strike, But Leaning Bullish into Next Week
BUYERS ON STRIKE Last week, we discussed our immediate-term cautious approach to the crypto market, highlighting recent geopolitical tensions, tax-related selling, negative fiscal flows, and the persistent rise in real yields as reasons for a more risk-averse positioning (albeit relative, as holding 7.5% in cash and the rest in crypto...
- Market Update
Rollups Integrate AvailDA, Renzo Modifies Airdrop After Backlash
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop...
- Market Update
ETFs Post Another Day of Inflows, Worldcoin to Sell Portion of Treasury
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins...
- Market Update
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue...
- Market Update
Bitcoin Transaction Fee Record, Celo Chooses OP Stack for L2
After significantly outperforming equities leading up to its halving event on Friday, #BTC continued its upward trend over the weekend, now trading just below $66k. #ETH has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. #SOL, meanwhile, has continued its strong rebound from...
- Market Update
Halving Day Arrives, Excitement Builds Over Runes Launch
Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. #BTC briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. #ETH followed BTC's initial drop, trading below...
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