Recap Week37 2024: Countdown

Highlights:

Trump-Harris debate, US CPI, ECB decision. The other side of the Bitcoin ETF story, Blockchain fundamentals rising. BTC around 60k at time of writing. Countdown to FED decision.

Here we go:

BTC:

• https://www.theblock.co/post/315831/perp-signal-bitcoin-bottom-bullish-year-end-k33
• https://www.theblock.co/post/316075/bitcoin-price-record-high-us-election
• https://protos.com/bitcoin-mining-is-more-difficult-than-ever/

ETH:

• https://www.theblock.co/post/315362/ethereum-stablecoin-volume-hits-record-1-46-trillion-as-defi-demand-surges
• https://www.theblock.co/post/316187/eths-underperformance-tied-to-current-crypto-market-structure-coinbase

US Politics:

• https://www.reuters.com/world/us/trump-harris-clash-debate-that-could-reshape-2024-race-2024-09-10/?

The other (and perhaps the true) side of the ETF story:

• https://cryptoslate.com/insights/jim-bianco-says-bitcoin-etfs-have-failed-to-attract-tradfi-or-boomer-investors/

US CPI → next week FED decision:

• https://www.zerohedge.com/economics/core-inflation-comes-hotter-expected-collapsing-odds-50bps-rate-cut
• https://www.reuters.com/markets/rates-bonds/strong-case-50-bp-fed-cut-says-former-ny-fed-chief-dudley-2024-09-13/?
• https://www.forexlive.com/centralbank/goldman-sachs-sees-a-25-basis-point-cut-from-the-fed-next-week-20240913/

ECB:

• https://www.ecb.europa.eu/press/pr/date/2024/html/ecb.mp240912~67cb23badb.en.html

Blockchain Fundamentals improving (source: Block Asset Management):

Full report available on request

MK Opinion

Felt a bit like a short squeeze this week. That said, however, blockchain fundamentals seriously improving and encouraging for institutional adoption in the long run.

Coin | Other News:

Friend.Tech (FRIEND):

• https://protos.com/the-rise-and-fall-of-friend-tech/

We never liked it

Fetch (FET) / ASI Alliance:

• https://cryptobriefing.com/fet-token-launch-cardano/
• https://cryptobriefing.com/asi-cudos-merger-vote/

tZERO:

• https://www.theblock.co/post/315611/tzero-secures-approval-to-custody-digital-assets-becoming-second-firm-to-get-us-regulators-sign-off

Solana (SOL):

• https://www.theblock.co/post/315366/solana-fees-plunge-to-six-month-low-amid-declining-pump-fun-popularity

Ethereum Name Service (ENS):

• https://cryptobriefing.com/ens-token-surge-paypal-venmo/

JP Morgan Blockchain efforts:

• https://www.reuters.com/business/finance/jpmorgan-eyes-swiss-corporate-business-gains-blockchain-boost-2024-09-11/?

Base (Coinbase):

• https://blockworks.co/news/base-profit-down-while-transactions-up

Swift:

• https://www.theblock.co/post/316066/swift-to-test-solutions-interlinking-fiat-with-various-tokenized-assets

UK government looks to formally define crypto assets as new form of property:

• https://www.theblock.co/post/315937/uk-government-looks-to-formally-define-crypto-assets-as-new-form-of-property

EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End:

• https://www.coindesk.com/policy/2024/09/11/eu-regulator-sees-official-journal-publication-of-stablecoin-standards-before-year-end/?

FTX - Alameda - SOL:

• https://cryptoslate.com/ftx-wallet-linked-to-unstaked-23-75m-in-solana-raising-sell-off-concerns/

Grayscale launches XRP trust:

• https://www.coindesk.com/markets/2024/09/12/xrp-spikes-8-as-grayscale-launches-xrp-trust-in-the-us/?

Reading XRP ETFs next blah blah,. Very speculative and premature. Grayscale has a dozen trusts

Avalanche (AVAX) - Parafi tokenization:

• https://www.theblock.co/post/316368/parafi-capital-fund-tokenization-avalanche-securitize

Real use-case again on AVAX

Micostrategy (MSTR):

• https://www.theblock.co/post/316397/microstrategy-buys-18300-bitcoins

NEAR:

• https://www.theblock.co/post/316458/nillion-integrates-with-near-protocol-enhancing-privacy-tools-for-developers

TreeCap Blockchain Technology Strategy:

Why TreeCap?

1. Carefully crafted and well diversified portfolio based on more than seven years (and ongoing) of fundamental research and analysis. 30 high conviction coins in position
2. Clear risk framework on (amongst others) maximum weightings and liquidity constraints
3. Safety and compliance first: Institutional grade Custody and best-in-class partners
4. Experienced team dealing in financial markets and portfolio management for decades
5. Operational excellence and cost-effective

MKs Short Term Risk Report:

• Justin Sun (TRON, Huobi-HTX, WBTC)
• SEC / Regulatory
• USDT
• Regulation overkill in both stablecoins and DEFI
• Re-Staking uncertainties
• Capital Markets in general (Yen Carry Trade, China, Credit Event / Yields, FED not delivering)
• Escalation in the Middle East, Taiwan-China tensions
• Meme coin Frenzy, excessive leverage, Agressive and unsustainable “promised” APY’s
• Hacks / Exploits

The week ahead by Nomura and Livesquawk:

• https://www.nomuraconnects.com/focused-thinking-posts/the-economy-next-week/?
• https://www.livesquawk.com/report/special_ls-focus-on-the-week-ahead

Upcoming Events:

Will be attending the following conferences/events:

• 1-2 October: Amsterdam Investor Forum

https://www.amsterdaminvestorforum.com/

• Thursday 17th of October Legends4Legends:

https://www.legends4legends.org/

Agenda:

• https://bdc.consulting/calendar

Tokens:

Unlocks:

Have a wonderful Sunday, and thanks for reading!

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