To casual observers, much of today’s Decentralized Finance (DeFi) might look like a collection of Ponzi Schemes. Projects bootstrap by offering high APYs for their token and design complex systems around them to attract DeFi power users who are rushing in to capture short-term high returns. The high APY leads to more and more tokens being released which in turn destroys the price of the project’s coin and leads to a long decline. This sounds…
Bear markets are normally the time when traders overreact to any piece of bad news. Events that would barely cause a flinch in a bullish market can drive markets down significantly in a bear. It is therefore somewhat unexpected to watch the resilience of crypto prices over the past days. Despite an ongoing war, the confirmed spectre of incoming Federal Reserve rate hikes and increasing regulatory pressure coming from the US and elsewhere, BTC, ETH…
When the world is on fire, it is not a good time to talk about prices. There are more important things in the world. Those things however go beyond the scope of this newsletter and markets do not sleep. Global markets, whether crypto or equities, have seen major drops over the past 24h as Russia’s invasion of Ukraine kicked off. Crypto’s Market Cap dropped more than 10% within minutes when events first started to unfold.…
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Crypto and decentralized finance (DeFi) have garnered massive popularity across the globe over the last two years. The promise for a high return on investment is one of the primary factors that lure people to invest in new coin launches and DeFi projects. Like any other new lucrative technology, the two industries have a fair share of bad actors and scammers who target investors that are not familiar with the industry or just interested in…
NFTs, also jokingly referred to as ‘JPEGs’ in the crypto community, have entered the mainstream. Whether it’s at dinner conversations, celebrities using Ape NFTs as their Profile Picture on social media or big brands like Coca Cola launching NFT collectibles, NFTs are clearly the ‘flavor of the day’. The chart above shows how searches for NFTs have surpassed searches for BTC and are well ahead of Blockchain and DeFi. Why should this be of interest…
News that US Law Enforcement have seized 94,000 Bitcoin worth $3.5 billion that had been stolen in a Bitfinex hack back in 2016 could have easily spooked the markets. Not only does it once again bring cryptocurrencies into the spotlight in relation to hacks and frauds, but the expectation is also that US authorities will auction off the seized Bitcoin right into the market. Yet, over the last days markets have continued to rally. So are…
The rally of the past few days might have reignited your hopes that the Bull market is back. Some of the top 20 coins like Ethereum or Solana have seen 15%+ growth over that period. Are we going back to Up-Only market conditions? The chart above says otherwise. ‘Wait’, you might be thinking. What does Meta’s, Facebook’s parent company’s, unprecedented 25%, $237bn 1-day crash have to do with Crypto? The answer is: Even if we…
According to English Philosopher; John Locke, everything is in a state of flux. This statement is ever true for the payments and global financial systems where things have changed significantly in the last ten years. Humans have increasingly discovered convenient, secure, and instantaneous payment options with extensive innovation. Due to these innovations, the traditional banking system has faced many disruptions from startups and big tech companies. These “disruptions” have led to widespread and efficient cross-border…
Markets have somewhat recovered following no unexpected tightening announcements coming out of Wednesday’s Federal Reserve Open Market Committee meeting that was hotly awaited. However, the relief bounce has already run out of steam. It seems the broader mood in the market remains pessimistic for now. The main question now is: how low can we go? In the 2021 summer low, BTC briefly touched the $30k level, and below on some exchanges, just to bounce back…