Market Making

Last Week Summary FED hiked well expected 25 bps and Powell showed a dovish tone during a press conference. Meta beat revenue expectations while Apple, Amazon, and Google all reported earnings that disappointed investors. U.S. non-farm payrolls recorded an increase of 517,000 in January, significantly higher than expected. Coinbase NFT announced it’s “pausing” future NFT …

Crypto Macro Market Update – February 6, 2023 Read More »

Last Week Summary CME’s share of total open interest on BTC is near an all-time high. Tesla did not sell bitcoin transactions in Q4 and still held about 9,720 bitcoins. APT prices surged to an all-time high, part of the reason is due to high buying activities from Korean communities. Aave V3 is live on …

Crypto Macro Market Update – January 30, 2023 Read More »

Last Week Summary Crypto Lending Firm Genesis files for bankruptcy. SBNY (Signature bank) restricts crypto deposits to Binance under $100k via SWIFT. The US DOJ announced the“International Cryptocurrency Enforcement Action”, and seized Bitzlato, a Hong Kong-based, Russian-owned crypto exchange. NEXO reached a settlement with SEC by paying a $45M fine and stopping Earn products. Robinhood …

Crypto Macro Market Update – January 23, 2023 Read More »

Last Week Summary Crypto continued to rally since the job report with US CPI cooling down as expected. AVAX partnered with AWS to accelerate the adoption of blockchain. SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program. According to Kaiko, Binance’s market share …

Crypto Macro Market Update – January 16, 2023 Read More »

Last Week Summary Crypto and US equity had the first rally in 2023 since last Friday, after US job numbers showed slower-than-expected wage growth, therefore signaling easing inflation. Lido surpasses MakerDAO as the highest TVL DeFi protocol, with the Liquid Staking Derivative narrative going on along the Shanghai upgrade, to introduce ETH unstaking. SBF pleaded …

Crypto Macro Market Update – January 9, 2023 Read More »

Happy New Year! Crypto ended the year with the same trend as November 2022, as the collapse of FTX still taking a huge toll on the overall market. To give you a quick recap of 2022 and what we can expect from 2023, Kairon Labs created an e-book discussing the future of the market based …

Crypto Macro Market Update – January 2, 2023 Read More »

Last Week Summary Grayscale released letters to investors about possibilities for 2023. Paypal working on Metamask integration & its own smart contract for direct payments. Gary Gensler warns crypto that the SEC is coming after the FTX fraud. Caroline Ellison and Gary wang plead guilty and are cooperating with law enforcement in hopes of lighter …

Crypto Macro Market Update – December 26, 2022 Read More »

Last Week Summary Inflations slow down as CPI comes in lower than expected. FED’s slow down rate hikes up to 50BPS. Crypto is meandering as uncertainty around Genesis and DCG’s financial health keeps increasing. Trump launched the “Trump Digital Trading Card” series NFT. Mazars (auditor) suspended all services to crypto clients including Binance, citing concerns …

Crypto Macro Market Update – December 19, 2022 Read More »