October Newsletter

Market Commentary

The Cure Becomes the Poison

In the latest commentary from Wilshire Phoenix, Wade Guenther exposes the long-term consequences of the accommodative federal funds rate. See how the Fed’s key monetary policy tool, implemented as a “cure” for a struggling economy, can poison the economy in ways we are beginning to see unfold. Read the commentary

The Evolving Correlation of Digital Assets

Will Cai took a close look at the evolving correlations between digital assets and U.S. equities in a follow up to his 2021 analysis. Correlations, both inter- and cross-asset, can move meaningfully as market conditions change. See what it means for digital asset investors. Read the commentary

Digital Asset News

Bitcoin.com: Crypto Economy is Riding Out the Bear Market The DappRadar crypto industry report analyzes the 3rd quarter of 2022 with an eye on the future. Although the crypto market has been resilient, a general recovery in conventional financial markets is likely needed before the next crypto bull market.

CNBC: Mastercard Will Help Banks Offer Cryptocurrency Trading Mastercard has announced that it will be opening a program that helps financial institutions offer cryptocurrency to clients. In an effort to “bridge the gap” between crypto trading platform Paxos and traditional banks, Mastercard will deal with regulatory compliance and security issues, two major obstacles keeping traditional banks out of crypto.

Cointelegraph: Google Taps Coinbase to Bring Crypto Payments to Cloud Services Next year, users will have the ability to pay for cloud services using cryptocurrency thanks to Google’s latest integration effort. This new deal with Coinbase has the crypto giant moving some of its applications, currently stored on AWS, over to Google Cloud.

CoinDesk: Bitcoin’s Calm Amid soaring Bond Market Volatility Points to ‘HODLer’-Dominated Crypto Market Volatility?has been tearing through traditional market assets this year, but bitcoin, often criticized for its high volatility compared to other assets, has been relatively steady. Bitcoin’s 90-day realized volatility is at the lowest in 2 years. Some point to the fact that over 65% of bitcoin has not moved in a year.

What We're Reading

Engadget:?‘The Onion’ Filed a Real Brief with the Supreme Court Supporting Man Jailed for Making Fun of Cops.?Famed satire publication The Onion filed an amicus brief supporting Anthony Novack, a man who was arrested for running a Facebook page parodying the police. Novack originally filed a civil lawsuit against the officers, but the case has escalated to the Supreme Court level. Although known as a less than serious news organization, in this case, The Onion provided a strong argument supporting the legal use of parody.

Vice:?Scientists and the Military Want Us to Eat Food Made From Plastic.?With food scarcity and insecurity numbers climbing by the year, and plastic waste at an all-time high, scientists are attempting to make a protein powder from plastic and bacteria. While small amounts of the powder have been created with great effort, the end goal is to be able to make large amounts of the product with minimal energy input.

Washington Post:?Biden Wants to Let Gig Workers be Employees.?A rule was proposed by the Labor Department that would help independent contractors be considered employees, giving them access to benefits and federal protection. Companies such as Uber and Lyft that operate with mostly independent contractors could feel significant effects if this rule is implemented.

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