Summary of the day, February 10
🎯 Pantera Capital on bitcoin: We're in next bull market cycle. Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.”
⏳ Bridgewater CIO warns of deeper, longer, and 'much more painful' recession than what we're accustomed to: Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,” said the executive of the world’s largest hedge fund.
🇺🇸 Fed Governor warns crypto prices could fall to zero - says 'don't expect taxpayers to socialize your losses': U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed.
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👉 Source: https://www.taurushq.com/
🎯 Pantera Capital on bitcoin: We're in next bull market cycle. Crypto-focused investment firm Pantera Capital says bitcoin has seen its lows and “we’re in the next bull market cycle.” Dan Morehead, the firm’s founder and managing partner, noted: “Over the long-term, bitcoin price has been in a secular uptrend of 2.3x annually over the past twelve years, on average.”
⏳ Bridgewater CIO warns of deeper, longer, and 'much more painful' recession than what we're accustomed to: Bridgewater Associates’ co-chief investment officer has warned about a recession that is “much more difficult” and “much more painful” than what we’ve been accustomed to. “The dam has been broken where fiscal policymakers are now part of the story,” said the executive of the world’s largest hedge fund.
🇺🇸 Fed Governor warns crypto prices could fall to zero - says 'don't expect taxpayers to socialize your losses': U.S. Federal Reserve Governor Christopher Waller has warned that crypto prices could fall to zero at some point. “Please don’t be surprised and don’t expect taxpayers to socialize your losses” when that happens, the Fed governor stressed.
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👉 Source: https://www.taurushq.com/
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Daily Market Brief - 15.02.2023
Market glance
Total market cap / 24h chg: $1,025,599,593,917 / +2.04% 🟩
BTC Dominance / 24h chg: 41.60% / -0.48% 🟥
Bitcoin price has managed to hold to the $22,000 level after a recent downtrend. The market has been under pressure from regulatory actions, especially in the US, with a number of firms facing enforcement actions and being forced to halt certain services. This has contributed to the lackluster performance of the wider crypto market, despite the S&P 500 trading near its highest level in six months. Professional traders are becoming risk-averse due to the negative regulatory news flow, and while the odds currently favor bears, investors are waiting for further data before adding bullish positions.
Market glance
Total market cap / 24h chg: $1,025,599,593,917 / +2.04% 🟩
BTC Dominance / 24h chg: 41.60% / -0.48% 🟥
Bitcoin price has managed to hold to the $22,000 level after a recent downtrend. The market has been under pressure from regulatory actions, especially in the US, with a number of firms facing enforcement actions and being forced to halt certain services. This has contributed to the lackluster performance of the wider crypto market, despite the S&P 500 trading near its highest level in six months. Professional traders are becoming risk-averse due to the negative regulatory news flow, and while the odds currently favor bears, investors are waiting for further data before adding bullish positions.
Summary of the day, February 15
🇬🇧 UK police raid crypto ATM sites - Regulator says no crypto ATMs have been approved: Police in the U.K., in collaboration with the Financial Conduct Authority (FCA), have raided several sites allegedly hosting cryptocurrency ATMs. “No crypto ATM operators currently have FCA registration,” the British financial regulator stressed, adding that it is “working with multiple law enforcement partners, including local police forces, to disrupt and disable illegal crypto ATMs.”
🏦 Silvergate Bank becomes most shorted stock in US, but sees boost with Citadel securities stake: Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with the Securities and Exchange Commission (SEC).
🇬🇧 UK payments company Wirex becomes Visa Global Partner, extends crypto card program reach to over 40 countries: Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets.
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👉 Source: https://www.taurushq.com/
🇬🇧 UK police raid crypto ATM sites - Regulator says no crypto ATMs have been approved: Police in the U.K., in collaboration with the Financial Conduct Authority (FCA), have raided several sites allegedly hosting cryptocurrency ATMs. “No crypto ATM operators currently have FCA registration,” the British financial regulator stressed, adding that it is “working with multiple law enforcement partners, including local police forces, to disrupt and disable illegal crypto ATMs.”
🏦 Silvergate Bank becomes most shorted stock in US, but sees boost with Citadel securities stake: Recent data shows that Silvergate Bank, a crypto-friendly financial institution, has become the most shorted stock in the United States, according to the Financial Industry Regulatory Authority. On Tuesday, Silvergate’s stock saw a rise after it was discovered that Citadel Securities holds a 5.5% stake in the bank, according to a Schedule 13G filing with the Securities and Exchange Commission (SEC).
🇬🇧 UK payments company Wirex becomes Visa Global Partner, extends crypto card program reach to over 40 countries: Wirex, a London-based digital payments company, has announced it has become a global partner of Visa, to allow the company to bring its card services to more markets in the world. The new partnership means that Wirex will be able to offer its crypto card services to APAC and U.K. markets.
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👉 Source: https://www.taurushq.com/
Daily Market Brief - 16.02.2023
Market glance
Total market cap / 24h chg: $1,109,685,987,519 / +2.04% 🟩
BTC Dominance / 24h chg: 42.70% / +2.64% 🟩
The crypto market is surging. Bitcoin has broken $24,000 despite the US dollar index (DXY) rising and hitting a six-week high due to "extremely positive" economic data coming out of the US in particular retail sales data that surpassed market expectations, demonstrating a more resilient economy despite restrictive policies by the Federal Reserve.
Market glance
Total market cap / 24h chg: $1,109,685,987,519 / +2.04% 🟩
BTC Dominance / 24h chg: 42.70% / +2.64% 🟩
The crypto market is surging. Bitcoin has broken $24,000 despite the US dollar index (DXY) rising and hitting a six-week high due to "extremely positive" economic data coming out of the US in particular retail sales data that surpassed market expectations, demonstrating a more resilient economy despite restrictive policies by the Federal Reserve.
Summary of the day, February 16
🏭 Industrial giant Siemens issues €60 million digital bond on blockchain: German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors.
🇺🇸 SEC Chairman proposes amending federal custody rules to cover 'all crypto assets': U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.”
👨⚖️ FTX bankruptcy judge denies US trustee's request for independent examiner: The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars.
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👉 Source: https://www.taurushq.com/
🏭 Industrial giant Siemens issues €60 million digital bond on blockchain: German conglomerate Siemens has for the first time issued a blockchain-based digital bond denominated in euros. In an announcement, the corporation highlighted the benefits of using blockchain, including the opportunity for direct sale to investors.
🇺🇸 SEC Chairman proposes amending federal custody rules to cover 'all crypto assets': U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms may claim to custody investors’ crypto, that does not mean they are qualified custodians.”
👨⚖️ FTX bankruptcy judge denies US trustee's request for independent examiner: The judge presiding over the FTX bankruptcy case has denied the U.S. Trustee’s request to appoint an independent examiner for the ongoing proceedings. The decision comes after judge John Dorsey postponed the ruling last week, citing concerns that the examiner could cost creditors tens of millions of dollars.
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👉 Source: https://www.taurushq.com/
Daily Market Brief - 20.02.2023
Market glance
Total market cap / 24h chg: $1,120,594,471,414 / +3.55% 🟩
BTC Dominance / 24h chg: 42.20% / +0.24% 🟩
The price of Bitcoin has encountered resistance at $25,000, resulting in a slowdown in the momentum of the cryptocurrency's rally. Despite experiencing rapid gains and reaching new six-month highs during its 2023 recovery, progress has been slower and more challenging in February, causing concerns due to bearish divergence. Additionally, external factors such as macro weakness have raised alarms as they could have an immediate negative impact on crypto markets. Moreover, the release of the minutes from February's Federal Open Market Committee (FOMC) meeting has increased worries among crypto experts, as it may reveal potential "sneaky hawkish revisions."
Market glance
Total market cap / 24h chg: $1,120,594,471,414 / +3.55% 🟩
BTC Dominance / 24h chg: 42.20% / +0.24% 🟩
The price of Bitcoin has encountered resistance at $25,000, resulting in a slowdown in the momentum of the cryptocurrency's rally. Despite experiencing rapid gains and reaching new six-month highs during its 2023 recovery, progress has been slower and more challenging in February, causing concerns due to bearish divergence. Additionally, external factors such as macro weakness have raised alarms as they could have an immediate negative impact on crypto markets. Moreover, the release of the minutes from February's Federal Open Market Committee (FOMC) meeting has increased worries among crypto experts, as it may reveal potential "sneaky hawkish revisions."