Highlights:
Markets ignoring and actually cheering robust US Jobs Report but still down for the week, Gold ATH, March performance, March volumes, upcoming Bitcoin halving, US Government moving Bitcoin, Memecoins rugpulls.
Here we go:
Bitcoin (BTC):
Ethereum (ETH)
https://www.theblock.co/post/286493/jpmorgan-ethereum-security-label-lido
https://decrypt.co/224693/ethereum-spot-etf-public-comment-period-sec
US Payrolls:
March Volumes:
Digital asset trading volumes surged to new all-time highs in March. Spot and derivatives trading volume on centralised exchanges rose 92.9% to a new all-time high of $9.12tn in March, coinciding with Bitcoin reaching a new all-time high. Spot trading volumes continue to outpace the derivatives markets, with volumes rising 108% to $2.94tn, the highest monthly figures since May 2021.
Derivatives trading volumes increased 86.5% to $6.18tn in March, reaching a new all-time high. Despite this surge, the market dominance of derivatives saw its sixth consecutive month of decline, dropping to 67.8% — its lowest market share since December 2022. Binance was the largest derivatives exchange by monthly volume, trading $2.91tn (up 89.7% compared to February), followed by OKX ($1.35tn, up 74.1%) and Bitget ($794bn, up 129%).
Institutional trading volumes on the CME surged to a new all-time high. In March, the derivatives trading volume on the CME exchange rose 60.6% to $155bn, recording a new all-time high for the exchange. The uptick in trading volume was largely influenced by the BTC futures, which rose 65.4% to $123bn in monthly volume. Meanwhile, the ETH futures volume traded on the exchange rose 17.8% to $20.1bn, recording the highest figures for the instrument since November 2021.
Source: CCdata
Pls note the size in derivatives…..
Memecoins Rugpull (one of many):
March Madness:
Bitcoin (BTC) Halving:
MK Opinion
You can read my (unpopular) opinion on the BTC halving here: https://www.linkedin.com/feed/update/urn:li:activity:7181586014581202944/
Coin | Other News:
Pendle:
Van Eck on Layer2s:
Ethena (ENA):
Cash and Carry Arbitrage is a typical Hedge Fund Strategy and NOT a stablecoin one……
Wormhole (W):
GSR (positive for the industry):
Ripple (XRP) starts a stablecoin (positive for the industry):
As well as van Eck:
Deribit:
Bitcoin Cash (BCH):
FTX - Solana (SOL):
Solana (SOL):
Uniswap (UNI):
Sushiswap (SUSHI):
Genesis:
Central Banks dipping toes into tokenization:
MakerDAO:
https://cryptobanking.network/money-view-of-the-makerdao-morpho-ethena-drama/
https://thedefiant.io/defi-projects-clash-after-makerdao-adds-ethena-s-usde-as-collateral
Celestia (TIA):
Iotex (IOTX):
Paradigm:
TreeCap Blockchain Technology Strategy: Secure Sustainable Investing
The crypto landscape in 2024 promises a dynamic and transformative journey. As institutional involvement grows, technology advances, and novel ideas emerge, the industry is set to overcome challenges and redefine the future of finance and technology. From maturing tokenization projects to the integration of blockchain into physical infrastructure, the future holds exciting possibilities for the crypto and blockchain space. Crypto: From Speculation → Utility → Fundamentals
March Preliminary (net. of all fees) return +5.6%.
MKs Short Term Risk Report:
Justin Sun (TRON, Huobi)
SEC / Regulatory
USDT
US Gov / Celsius unwind
Capital Markets in general (China, Credit Event / Yields, FED not delivering)
Escalation in the Middle East, Taiwan-China
Euphoria, Parabolic Gains, Meme coin Frenzy, excessive leverage, Agressive and unsustainable “promised”APY’s
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:
10th of April: FOW Amsterdam: https://events.fow.com/event/33403938-22a8-4034-9251-54f992f48d89/summary
Agenda:
Tokens:
Unlocks:
Have a wonderful Sunday, and thanks for reading!
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