Highlights:
As stated for a while now in my short-term risk report; FTX/Celsius/US Government are hitting the Sell button. Some relief rally and/or short-covering since Friday afternoon. ETH underperforming and spot ETF decision delayed. Also Cantor Fitzgerald putting a not so pretty (not a surprise to me) note out on Bitcoin miners.
Here we go:
Bitcoin (BTC):
https://cryptoslate.com/u-s-plans-to-sell-130m-of-bitcoin-seized-in-connection-with-silk-road/
https://cointelegraph.com/news/silk-road-118m-bitcoin-auction-shouldnt-cause-concern-gbtc-dump
The US Government is one of the largest Bitcoin whales, with the majority of its holdings stemming from the Silk Road seizure. Since 2020, it has seized at least 215K BTC, including a 94K seizure from the Bitfinex hackers. These assets are periodically sold off, sometimes through different channels. These events are usually closely watched as it could be a source of selling pressure in the market. In this case, the BTC will be auctioned off, so it’s unlikely that we’ll see any impact on the price, as it’s not being sold on the open market.
ETF Stuff:
Options on ETF?
BTC Halving:
Cantor on Miners:
Ethereum (ETH)
https://www.coindesk.com/policy/2024/01/25/spot-ether-etf-applications-decisions-delayed-by-sec/
https://www.zerohedge.com/crypto/ethereum-etf-may-be-coming-sooner-you-expect
https://cointelegraph.com/news/celsius-moves-billion-in-ethereum-to-coinbase-paxos
MK Opinion
Selling pressure from all the parties mentioned should ease over time so we can focus on fundamentals again. As this is most BTC/ETH related, it is (still) rather annoying that other digital assets are dragged down as well. Will take some years to decouple. SEC vs Coinbase and vs Ripple (XRP) will be main short-term catalysts.
Coin | Other News:
Solana (SOL) upgrades:
https://www.dlnews.com/articles/defi/solana-permissioned-token-extensions-new-compliance-features/
https://cointelegraph.com/news/solana-stablecoin-transfer-volume-record-monthly-high
Avalanche (AVAX) upgrades:
Synthetix (SNX):
SEC X Hack:
Stellar (XLM) delays:
EDX Expansion:
Polygon (MATIC):
https://cointelegraph.com/news/polygon-acquired-users-2023-nearly-matches-ethereum-report
https://cryptobriefing.com/polygon-agglayer-protocol-unify-monolithic-modular-architectures/
Altlayer (ALT):
MtGox:
Pyth (PYTH):
SUI:
OKX:
Cosmos (ATOM):
Injective (INJ):
Ondo Finance (ONDO):
Stablecoins:
BitGo:
Crypto Bank Sygnum:
Polymer:
Tokenized Securities by Taurus:
Elwood Technologies:
Crypto Phishing:
Crypto Ownership: New report – 580 million crypto owners
According to a new report by Crypto.com, the global number of crypto owners increased from 432 million to 580 million in 2023. 51% of crypto owners hold bitcoin, while the corresponding number for Ether is 21%. 42% of crypto owners are 'pure altcoiners', holding neither bitcoin nor Ether.
State of the European Crypto Market:
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.
Strategy will be available (expected Launch 1st of February) through
The TreeCap funds are structured as an investment fund AIFMD. The manager is registered under the AIFMD Light Regime
Long Only | No Leverage (Spot) | 20-25 liquid digital assets in portfolio | Long-Term Horizon
1.8% Management Fee | 20% Performance Fee | High-water mark;
Press release: https://www.linkedin.com/feed/update/urn:li:activity:7148424298364379136/
Phase II (2024-2025): Long-Short Strategy and Fund of Funds (FoF)
Backtest Performance 2023 +78% EUR net return after all fees:
*Returns excluding: staking income, additions/deletions, rebalancing, core & satellite trading and including all fees. Source: CoinMarketCap.
Prime Broker through Amdax in which we will have access to professional liquidity providers, staking options as well as institutional grade custody. Amdax is the trusted custodian in the Netherlands, registered with De Nederlandsche Bank and the AFM. Amdax's vault is the first crypto service provider in the EU to achieve the prestigious ISAE-3000 Type-1 audit.
If you would like to express your interest or have any questions, please reach out to us anytime:
mathijs@treecap.nl | investors@treecap.nl | Mobile: +31655003160
Tel: +31208204710 | Visiting Address: Beursplein 5 Amsterdam. The Netherlands
MKs Short Term Risk Report:
Justin Sun (TRON, Huobi)
SEC / Regulatory
USDT
US Government forced BTC selling
FTX / Celsius unwind
Capital Markets in general (China, Credit Event / Yields, FED not delivering)
Escalation in the Middle East, Taiwan-China
About M2tK:
Transparency Accountability Trust
Established in 2022, M2tK Consultancy B.V. stands as a boutique firm, specializing in digital assets and catering to the discerning investor with a long-term time horizon. Together with leading partners in the industry, we make digital assets investing trouble-free, compliant and secure.
Our Edge: Drawing from over five years of comprehensive blockchain research along with a 25-year legacy in financial markets, we are empowered to make informed decisions and proactively stay ahead of the curve in the ever-evolving digital asset landscape. Unique value propositions will become critical as projects strive to stand out in an increasingly crowded space. There is no substitute for fundamental research: https://www.m2tk.com/about/investment-thesis
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:
N/A
Agenda:
Sort by “Conference”:
Tokens:
Unlocks:
Have a wonderful Sunday, and thanks for reading!
No investment advice etc. Links to third party websites are provided as a convenience and the inclusion of such links does not imply any endorsement, approval, investigation, verification or monitoring by us of any content or information contained within or accessible from the linked sites. By clicking on the link, you acknowledge that you are entering a third-party website subject to its own terms and conditions. M2tK disclaims responsibility for content, legality of access or suitability of the third-party websites.