FSI Digital Assets
- Crypto Strategy
- Market Update
Markets Surge on CPI Release, Circle Moving HQ to U.S.
MARKET COMMENTARYINVESTORS WELCOMED THIS MORNING’S SLIGHTLY SOFTER THAN EXPECTED CPI DATA AND A LARGE DOWNSIDE MISS ON U.S. RETAIL SALES, ALLEVIATING INFLATION CONCERNS AND HELPING TO PROPEL STOCK INDICES TO NEW INTRADAY ALL-TIME HIGHS. The $SPY and $QQQ have gained over 1% to surpass $528 and $451, respectively, while US...
- Comments
Lower Rates and Broader Short Covering Could Spark Rally in Crypto Equities
In today's video, we discuss this morning's PPI data being somewhat of a non-factor as investors brace for tomorrow's CPI release, which could serve as a catalyst for a short squeeze in crypto equities. https://vimeo. com/946293085/44d610e301? share=copy
- Funding Fridays
New CeFi Entities Emerging
WEEKLY RECAP Total funding rose 58% this week from $128 million to $203 million, while total deals ticked up to 29 compared to last week’s 26. Infrastructure was the dominant category, representing 64% of funding and 55% of deal count. There were five CeFi deals this week (including our DotW),...
- Market Update
Consumer Sentiment Data Shakes Market, Eigen Claims Go Live
MARKET COMMENTARYA PRETTY SIZEABLE MISS IN TODAY'S CONSUMER SENTIMENT SURVEY REVERSED MOST OF THE GAINS EXPERIENCED IN THE CRYPTO MARKET OVER THE PAST 24 HOURS. Consumer sentiment came in at 67.4, well below market expectations of 77.2. 1Y inflation expectations came in at 3.5%, well above the market forecast of...
- Comments
Setup Still Looks Promising, Investors Just Need a Little More Convincing
In today's video, we discuss subdued flows as investors wait for further confirmation on the inflation front, and bipartisan support to overturn SAB 121, a controversial crypto accounting proposal. https://vimeo. com/944667144/8125cc73db? share=copy
- Market Update
DTCC and ChainLink Complete Pilot Program, HKMA Enables e-CNY Payments
MARKET COMMENTARYU.S. EQUITIES ARE RELATIVELY FLAT AS THEY CONSOLIDATE ABOVE PRIOR ALL-TIME HIGHS. THE SPX IS TRADING AT 5,300, AND THE NDQ IS HOVERING NEAR $18,600, WHILE THE #DXY (-0.07%) IS SHOWING A SLIGHT DECLINE, TRADING AT $104.4. Crypto assets are showing strength, with #BTC rising 2.84% to $67.1k and #ETH surging...
- Comments
Flows Slowly Returning
As we anticipated in mid-April, May 1st appears to have been a pivotal date for interest rates, which have broadly declined since the QRA and FOMC meetings. The release of soft jobs data on Friday has increased expectations for rate cuts within this calendar year. Flows are gradually beginning to...
- Liquid Ventures
Across Protocol
ACROSS OVERVIEW The crypto industry is becoming increasingly fragmented as more rollups and L1 chains launch, siphoning users and liquidity from other ecosystems while creating inefficiencies. To help combat against siloed ecosystems, many interoperability solutions have launched to make cross-chain transacting more intuitive. Many of these solutions are based on...
- Market Update
Ethena's USDe to Integrate With Bybit, ETFs Post Another Day of Net Inflows
Rates are broadly lower again on Tuesday, with the US 10Y nearing 4.4%, down from 4.7% just under a week ago. Risk assets are on the rise, with both the $SPX and $QQQ showing gains today. Crypto performance is mixed so far, with #BTC retesting the $63k level after US...
- Market Update
Robinhood Receives Wells Notice, LayerZero Addresses Sybil Activity
U.S. equities are extending Fridayâs rally, with the $SPY and $QQQ both gaining about 0.65%. This weekâs macroeconomic data includes consumer credit tomorrow, wholesale inventories on Wednesday, and consumer sentiment on Friday. There are Fed speakers set for every day this week and itâll be interesting to monitor if they...