Highlights:
Risk off due to the Iranian attack on Israel. S&P 500 fell nearly 2% from Monday through Friday, and in the process, it posted its worst weekly performance since late October 2023. Oil and Gold Up.
Bitcoin/Ethereum down and Alts clearly underperforming (down 10-25%), except TON, triggering liquidations and the largest wipeout in a month. Uniswap receiving SEC Wells notice. Solana chaos, HongKong ETFs.
Here we go:
Risk OFF:
Saturday night 22.30 CET:
Bitcoin (BTC):
https://www.theblock.co/post/287983/blackrock-spot-bitcoin-etf-15-billion-usd-total-inflows
https://www.theblock.co/post/287523/spot-bitcoin-etf-cumulative-trading-volume-200-billion-usd
https://cointelegraph.com/news/sec-defers-decision-bitwise-grayscale-bitcoin-etf-options
Ethereum (ETH):
HK ETFs:
Solana (SOL) chaos:
https://www.theblock.co/post/286868/solana-network-congestion
https://decrypt.co/225802/solana-sucks-right-now-devs-doing-something
Uniswap (UNI):
https://www.theblock.co/post/287916/the-sec-plans-to-sue-uniswap-heres-whats-next
https://protos.com/uniswap-received-a-wells-notice-now-what/
https://cointelegraph.com/news/sec-breaks-past-policy-guidelines-uniswap-crackdown
MK Opinion
Escalation of the middle east situation was a clear risk and one of many reasons not to be fully invested.
On the Uniswap news; it does not come entirely unexpected but this is a big one and involves basically all of DEFI. This is the SEC way of doing business and could be somewhat compared to the Ripple (XRP) case. Can take years to resolve. Pre-sales Memecoins on Solana next?
Coin | Other News:
TON:
Circle:
Metamask:
Ondo Finance (ONDO):
Aptos (APT):
Chainlink (LINK):
Metaco:
Worldcoin (WLD):
PAC Finance:
Eigenlayer:
dYdX:
Filecoin (FIL):
Coinbase:
Berachain:
NEAR:
AAVE:
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 14th of April: 27
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:
Monday 12th of April Digital Assets Forum London: https://eblockchainconvention.com/digital-assets-forum/
Agenda:
Tokens:
Unlocks:
Have a wonderful Sunday, and thanks for reading!
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