Forwarded from Westward Capital Alpha
X (formerly Twitter)
MartyParty (@martypartymusic) on X
State of Wyoming is minting their own stable coin. $WYST backed by US Treasuries.
Here is the Wyoming Stable Coin Commission web site.
https://t.co/kBE3QLFflz
The Wyoming Stable Token Commission (the “Commission” or “STC”) was established in March 2023…
Here is the Wyoming Stable Coin Commission web site.
https://t.co/kBE3QLFflz
The Wyoming Stable Token Commission (the “Commission” or “STC”) was established in March 2023…
Forwarded from Jlabs Digital - Oculus
### Market Color Update
Source: OTC Desks and Prime Brokerages
---
Overview:
Recent activity and sentiment data from our OTC desks and prime brokerages reveal several key trends leading up to and following the ETH ETF news:
1. ETH Dominance: Ethereum (ETH) is dominating, accounting for 40% of overall flow.
2. BTC/ETH Ratio: The BTC/ETH ratio is 0.56, indicating a strong preference for ETH transactions.
3. Bullish Sentiment on ETH: The Buy/Sell ratio for ETH is 4.04, showing significant bullishness.
4. Majors vs. Alts: The flow ratio between major cryptocurrencies and altcoins is 3.76, favoring majors.
5. BTC Activity: BTC has a balanced Buy/Sell ratio of 0.98, reflecting neutral sentiment.
6. Increased Activity in Specific Alts: Increased activity observed in SOL, DOGE, and LDO, with hedge funds showing bullishness on LDO.
Implications and Strategy:
- ETH Exposure: Consider increasing ETH exposure given the strong bullish sentiment.
- BTC Rebalancing: BTC's neutral sentiment offers a chance for strategic rebalancing.
- Altcoins Monitoring: Keep an eye on SOL, DOGE, and LDO for potential growth, especially with institutional interest in LDO.
Conclusion:
ETH’s dominance and bullish sentiment suggest a favorable environment for Ethereum. Use these insights for informed decision-making and stay updated on the latest market trends.
---
Note: This market color is based on the latest data from our OTC desks and prime brokerages. Integrate this information with your broader market analysis.
Also today is holiday in US markets. So expect much lesser volatility.
Source: OTC Desks and Prime Brokerages
---
Overview:
Recent activity and sentiment data from our OTC desks and prime brokerages reveal several key trends leading up to and following the ETH ETF news:
1. ETH Dominance: Ethereum (ETH) is dominating, accounting for 40% of overall flow.
2. BTC/ETH Ratio: The BTC/ETH ratio is 0.56, indicating a strong preference for ETH transactions.
3. Bullish Sentiment on ETH: The Buy/Sell ratio for ETH is 4.04, showing significant bullishness.
4. Majors vs. Alts: The flow ratio between major cryptocurrencies and altcoins is 3.76, favoring majors.
5. BTC Activity: BTC has a balanced Buy/Sell ratio of 0.98, reflecting neutral sentiment.
6. Increased Activity in Specific Alts: Increased activity observed in SOL, DOGE, and LDO, with hedge funds showing bullishness on LDO.
Implications and Strategy:
- ETH Exposure: Consider increasing ETH exposure given the strong bullish sentiment.
- BTC Rebalancing: BTC's neutral sentiment offers a chance for strategic rebalancing.
- Altcoins Monitoring: Keep an eye on SOL, DOGE, and LDO for potential growth, especially with institutional interest in LDO.
Conclusion:
ETH’s dominance and bullish sentiment suggest a favorable environment for Ethereum. Use these insights for informed decision-making and stay updated on the latest market trends.
---
Note: This market color is based on the latest data from our OTC desks and prime brokerages. Integrate this information with your broader market analysis.
Also today is holiday in US markets. So expect much lesser volatility.
WGC - Gold Mid-Year Outlook 2024.pdf
556.2 KB
Gold Mid Year Outlook: 2024 World Gold Council
Forwarded from Leviathan News
Celsius Network filed lawsuits against users in New York courts to clawback funds withdrawn 90 days before they declared bankruptcy - 𝕏/@medx0
Forwarded from Wu Blockchain News
Asia's weekly TOP10 crypto news: Mt. Gox Creditors Confirm Receipt of BTC and BCH Settlements, Russia Considers Permanent Legalization of Cross-Border Stablecoin Payments and Top10 News（0701-0707) — link
Wu Blockchain
Asia's weekly TOP10 crypto news (July 1 to July 7)
1. Multiple Mt. Gox Creditors in Japan Confirm Receipt of BTC and BCH Settlements link According to reports on Reddit forums, users have indicated that Bitbank has received BTC and BCH, with the amounts received matching exactly what is shown in Mt. Gox’s…
Forwarded from Glassnode
Introducing the guide to Digital Assets: Insights and Market Trends by CME Group and Glassnode
The report provides institutional investors with an in-depth analysis of Bitcoin and Ethereum fundamentals, capital flows, market cycles, derivatives markets, and institutional adoption.
Key takeaways:
- Major Asset Dominance: Bitcoin's market cap increased by $1.13 trillion (+370%) since November 2022, and Ethereum's valuation rose by $354 billion (+267%).
- Settlement Volume: Bitcoin's daily on-chain volume is around $46.4 billion, comparable to Visa and Mastercard, with filtered volumes at $6.5 billion.
- Bull Market Correction: Bitcoin's deepest correction since November 2022 was -20.3%.
- ETH/BTC Ratio: The declining ratio indicates shifting market dynamics, with more institutional buy-side pressure on Bitcoin.
- CME Futures Dominance: CME futures represent over 80% of the calendar futures market for Bitcoin and 53% for Ethereum.
For the full analysis, download the guide here: https://glassno.de/3XPCQkx
The report provides institutional investors with an in-depth analysis of Bitcoin and Ethereum fundamentals, capital flows, market cycles, derivatives markets, and institutional adoption.
Key takeaways:
- Major Asset Dominance: Bitcoin's market cap increased by $1.13 trillion (+370%) since November 2022, and Ethereum's valuation rose by $354 billion (+267%).
- Settlement Volume: Bitcoin's daily on-chain volume is around $46.4 billion, comparable to Visa and Mastercard, with filtered volumes at $6.5 billion.
- Bull Market Correction: Bitcoin's deepest correction since November 2022 was -20.3%.
- ETH/BTC Ratio: The declining ratio indicates shifting market dynamics, with more institutional buy-side pressure on Bitcoin.
- CME Futures Dominance: CME futures represent over 80% of the calendar futures market for Bitcoin and 53% for Ethereum.
For the full analysis, download the guide here: https://glassno.de/3XPCQkx
Forwarded from Westward Capital Alpha
BofA 2Q preview - Other 493 back in the black.pdf
2 MB
BofA Securities Research 2Q Earnings Preview