Cryptocurrency
5 min read
Published in
Coinmonks
·1 day ago
Curious Cryptos’ Commentary 24th August 2023 — Tornado Cash
tl;dr Tornado Cash again, and lessons for the less enlightened. Market Snap Market Wrap According to Glassnode, short-term holders have an average acquisition price of $28.6k. Over 88% of short-term holders are now underwater, and increasingly those coins are moving to centralised exchanges, presumably to sell at a loss. These…
Cryptocurrency
3 min read
Published in
Coinmonks
·3 days ago
Curious Cryptos’ Commentary 22nd August 2023 — Leverage
tl;dr Never trade cryptos with leverage. Market Snap Market Wrap With 10-year yields breaching 16-year highs, risk assets stay on red alert. Curious Cryptos’ Commentary — Why you should never use leverage when trading cryptos A favourite topic in the offices at CCC Towers is to make fun of the…
Cryptocurrency
3 min read
Published in
Coinmonks
·4 days ago
Curious Cryptos’ Commentary 21st August 2023 — Tornado Cash and ETH ETFs
tl;dr Tornado Cash remains on the US sanctions list. ETH futures ETFs are set to get the nod from the SEC. Market Snap Market Wrap A slightly positive start to the week for risk assets despite yields climbing another 5 basis points. …
Cryptocurrency
4 min read
Published in
Coinmonks
·6 days ago
Curious Cryptos’ Commentary 19th August 2023 — New Zealand
tl;dr New Zealand makes some tentative steps in the direction of crypto adoption. Market Snap Market Wrap Global concerns for further interest rate rises dominate the investment landscape, for reasons that escape me. Rates will be much lower in a year’s time from now, as the debt burden for all…
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 18
Curious Cryptos’ Commentary 18th August 2023 — PayPal and Coinbase
tl;dr PayPal does what it does best — it makes our life easier. Coinbase lands a body blow on the SEC. Market Snap Market Wrap The volume of BTC traded on centralised exchanges is up over 105% in the last 24 hours. I think we know why. Those weak hands…
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 17
Curious Cryptos’ Commentary 17th August 2023 — ECB and Glassnode
tl;dr The ECB makes another monumental mistake to add to its collection. Glassnode challenges some of the CCC team’s assumptions. Market Snap Market Wrap Concerns over the direction of interest rates hit all risk assets, concerns that are overblown. Central Banks are always late to the party, and their current…
Cryptocurrency
5 min read
Published in
Coinmonks
·Aug 14
Curious Cryptos’ Commentary 15th August 2023 — PYUSD & SBF
tl;dr We look at PYUSD for a third time. SBF is not happy, which only adds to our crypto joy. Market Snap Market Wrap Still no movement in crypto prices. Until we have some action, let’s look at another pleasing graph of historical price action courtesy of @Kevin_Kelly_II:
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 13
Curious Cryptos’ Commentary 14th August 2023 — Custody
tl;dr Custodia Bank brings custody issues to the fore once more. Market Snap Market Wrap The price of ETH has not changed since the market snap of 10th August, whilst BTC has not moved since the market snap of the 11th. …
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 12
Curious Cryptos’ Commentary 13th August 2023 — Scammers and PYSUD
tl;dr A couple of scammers. Crypto regulation in the US remains mired in partisanship. Market Snap Market Wrap Much more of this and the daily Market Snap is looking rather redundant. So let’s look at a pleasing analysis of past price action (note the log scale) instead:
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 12
Curious Cryptos’ Commentary 12th August 2023 — ETFs and Boyaa.
tl;dr The SEC has announced a delay in BTC ETFs, but that doesn’t stop another company adding cryptos to its balance sheet. Market Snap Market Wrap No price action for cryptos. Curious Cryptos’ Commentary — BTC ETF And the SEC decision regarding Ark’s application for a spot based BTC ETF? …
Cryptocurrency
5 min read
Published in
Coinmonks
·Aug 11
Curious Cryptos’ Commentary 11th August 2023 — ETFs, Revolut and the KLF
tl;dr The first BTC ETF draws very close. Revolut is driving global retail adoption. I suspect the KLF have announced the first of their own crypto projects. Market Snap Market Wrap We have the US CPI print today with expectations firmly anchored to ongoing improvements. Any material deviation from the…
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 10
Curious Cryptos’ Commentary 10th August 2023 — XRP (Ripple)
tl;dr Ignore the ridiculous price claims for XRP. That’s not the real world. Market Snap Market Wrap Two breaches of $30k to the upside certainly caught my interest but it seems that we have a wall of sellers at $30k and a wall of buyers at $29k. We remain rangebound. …
Cryptocurrency
3 min read
Published in
Coinmonks
·Aug 9
Curious Cryptos’ Commentary 9th August 2023 — ETFs and Chainlink
tl;dr Prices benefit from ETF speculation. Coinbase partners with Chainlink in an exciting development for holders of LINK. Market Snap Market Wrap A breach of $30k to the upside followed a comment by Mike Novogratz, CEO of Galaxy Digital, about the prospects of a spot based BTC ETF (see below)…
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 8
Curious Cryptos’ Commentary 8th August 2023 — PYUSD (PayPal stablecoin)
tl;dr PayPal launching its own stablecoin is another (possibly major) positive development. Market Snap Market Wrap A brief sell-off yesterday afternoon was met with conviction buyers, though I get increasingly concerned by the focus on halving next year. There are too many people looking at history, without acknowledging that the…
Cryptocurrency
5 min read
Published in
Coinmonks
·Aug 7
Curious Cryptos’ Commentary 7th August 2023 — Urgent update
Curious Cryptos’ Commentary — Huobi Subscribers to I have used Huobi for three alts over the years — NAS, ZED, & EVMOS. Fees have always been on the lower than most, and unlike nearly all the competition you don’t end up with small residuals all over the place. Small residuals…
Cryptocurrency
1 min read
Published in
Coinmonks
·Aug 7
Curious Cryptos’ Commentary 7th August 2023 — ESG & BTC
tl;dr ESG, BTC, and the good news. Market Snap Market Wrap Whales continue to accumulate, whilst weaker retail hands continue to sell to these diamond hands. Illiquidity is picking up, with coins disappearing into wallets that just never sell (that’s mine as an example). …
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 6
Curious Cryptos’ Commentary 6th August 2023 — Meme coins and USDT
tl;dr More meme coin nonsense. USDT is a critical part of the infrastructure for crypto markets. Market Snap Market Wrap Back into a narrow trading range for the last three days makes BTC one of the most stable assets since mid-March:
Cryptocurrency
4 min read
Published in
Coinmonks
·Aug 4
