Search

Weekly Wrap

  -  Weekly Wrap

Download As PDF Week in Review Equities continue to push higher levels as the S&P 500 and Dow Jones Index continue to make all-time highs.The market cap of the cryptocurrency market crosses $2 trillion. Hong Kong-listed company, Meitu, buys another $10 million in bitcoin.Bitcoin’s futures market hits a record-high of $73,500 for June contracts. Coinbase reported astonishing numbers in their Q1 earnings report ahead of its IPO

Download As PDF Week in Review Archego’s Bill Hwang unwinds billions in leveraged equity positions causing an intraday sell off of key stocks. However, this was short-lived with the S&P 500 closing at over 4000 points, making a new all time high.Biden intends to fund a $2.25 trillion infrastructure plan with an increase in corporate tax rates.BlackRock dips it toes into Bitcoin futures.PayPal launches crypto

Download As PDF Week in Review Elon Musk announces that Teslas can be bought with bitcoin, and “bitcoin paid to Tesla will be retained as bitcoin, not converted to fiat currency.”Biden plans to spend a reported $3 trillion on recovery plans, with detailed proposals to be discussed in the coming weeks.Fidelity Investments and SkyBridge Capital file for bitcoin ETFs.Crypto hedge funds grew by 35% last

Download As PDF Week in Review The Federal Reserve triggers a muted rally on stocks and crypto by signalling there will be no increase in yield rates at least until 2023.Morgan Stanley rumoured to invest in Bithumb, a cryptocurrency exchange based in Korea.Hong Kong listed company, Meitu, buys another 16,000 ETH and 386 BTC.Deutsche Bank crypto report states that “bitcoin is too important to ignore”. Visa

Download As PDF Week in Review JP Morgan announces it will issue a structured note offering for a cryptocurrency basket, giving investors exposure to bitcoin-holding companies such as Microstrategy and Square.Norway listed company sets up an investment arm, allocating $58 million to Bitcoin and digital asset ventures.BlockFi, a digital asset lending platform, raises $350 million valuing the company at $3 billion. Amazon Web Services now supports

Download As PDF Week in Review The Senate passes the $1.9 trillion Covid relief bill.Paypal acquires Curvmpc, a digital asset custody provider.Amazon Web Services (AWS) added Ethereum into its Managed Blockchain service.The Chicago Board Options Exchange (CBOE) applied to list shares of VanEck’s bitcoin exchange traded fund (ETF).Citibank released a report stating bitcoin is at the tipping point and could be the preferred currency for

Download As PDF Week in Review Coinbase’s S-1 filing has shown that the percentage of retail investors dropped from 80.5% to 30% from the period 2018 to 2020, indicating a large rise in institutional investors.GIC, Singapore’s sovereign wealth fund, invests into the first Federally Chartered Digital Asset Bank, Anchorage.CI Global Asset Management filed a preliminary prospectus in Canada for the world’s first ethereum exchange-traded fund

Download As PDF Q4 2020 Report Here is our report for the last quarter of 2020, detailing the market performance for bitcoin, ethereum and the top stablecoins. It also covers a comparison with broader financial markets on performance and volatility, their correlation with other assets and intermarket analysis.  Week in Review Bitwise Asset Management launched the world’s first DeFi crypto index fund. MicroStrategy issued $900 million worth of convertible

Download As PDF Week in Review Tesla bought $1.5 billion in bitcoin and will start accepting bitcoin as a payment method.The first North American Bitcoin ETF got approval to list on the Toronto Stock Exchange.Mastercard plans to integrate crypto payments into its network.Paypal to offer UK users the ability to buy, sell and hold cryptocurrencies by Q2 2021.The Chicago Mercantile Exchange (CME) officially launched its

Download As PDF Week in Review Trading volume on decentralised exchanges created a new all-time high of $56 billion in January. Over 45% was from Uniswap. Visa announced the partnership with Neobank First Boulevard to pilot Visa’s crypto APIs that enable a bank to offer cryptocurrency custody and trading to their customers.21 Shares AG launched the world’s first Polkadot Exchange Traded Products (ETPs) on the Swiss