Highlights:
Amidst all Wall Street (tech) earnings and US economic data, it was a choppy week in digital assets. No real catalyst other than regulatory noise. Low volumes and the Bitcoin halving was obviously a non-event as it should. ETH outperforming BTC as ETH rallied on Saturday on vague news via some Telegram channels. Vola coming off. US spot Ethereum ETF likely denied in May. Trump making headlines concerning the FED.
All eyes are now on the Federal Reserve's latest meeting on Tuesday and Wednesday.
Here we go:
Bitcoin (BTC):
https://www.theblock.co/post/290782/morgan-stanley-bitcoin-etfs
https://protos.com/prices-of-bitcoin-runes-dip-two-days-after-launch/
Ethereum (ETH):
Vola:
Source: Coindesk
Trump and the FED:
MK Opinion
Mentioned a few times before that the ETH Spot ETF won’t happen anytime soon.
In terms of trading/investing: Patience, which should not be mistaken as bearishness….
Coin | Other News:
Renzo:
Solana (SOL) memecoins:
More on Solana (SOL):
https://blockworks.co/news/mapmetrics-leaves-solana-for-peaq
https://cointelegraph.com/news/solana-dramatic-increase-institutional-portfolios-coinshares
Archax and Hedera (HBAR):
MK Opinion
Good news even if it was Archax initiative.
More tokenization:
Algorand (ALGO):
Consensys (Metamask):
FBI:
Pantera Capital:
EU regulation:
CBOE:
Stripe:
Nilam Resources:
Stablecoin Users:
https://www.coindesk.com/markets/2024/04/24/number-of-stablecoin-holders-nears-100m-mark-data-show/?
Worldcoin (WLD):
Samourai:
CZ Binance:
Mt Gox:
Chainlink (LINK):
Polkadot (DOT):
DTCC and collateral:
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%.
Portfolio constituents as of 26th of April: 27
March investor commentary available on request: mathijs@treecap.nl
Media: Dutch Podcast (28 februari 2024):
Media (in Dutch): SCEtrader.nl: https://www.scetrader.nl/crypto/22/04/2024/crypto-de-recap-van-treecap-visie-portfolio-manager-mathijs-kriek-8/
MKs Short Term Risk Report:
Justin Sun (TRON, Huobi)
SEC / Regulatory
USDT
Regulation overkill in both stablecoins and DEFI
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
Fed meeting, April jobs report; “Mag 7” earnings from Apple, Amazon.
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Agenda:
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Have a wonderful Sunday, and thanks for reading!
No investment advice. The digital assets discussed within this newsletter are highly volatile and may result in partial or permanent loss of your investment. Before investing, please carefully consider your investment objectives, level of experience and risk appetite. It is important that you consult with your own advisors as to the legal, tax and financial implications of your investments.
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