HedgeTrade Weekly Insights

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    HedgeTrade Weekly Insights

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    Hey Traders,

    Here's a look at the top news, market insights, and best quotes & tweets for the week. 
     

    Top News:

    • ETH 2.0 Witti testnet runs for two weeks without issues. The next step is testing on multi-client testnet, Altona, currently under construction and reportedly resembling the final go-live specification.

    • Microsoft's ION Protocol for decentralized IDs is set to go live on bitcoin's mainnet. The idea is to enable individuals to generate, own, and control their digital ID.

    • Asset-backed securities movement is picking up speed: 

      • Vanguard initiates an asset digitization pilot.

      • Securities tokenization startup Upvest raises €900,000 to help manage large scale transaction fees.

      • MakerDAO community votes in new collateral proposals to turn real assets into interest-bearing securities based on ERC20 tokens. 

    • Caitlin Long's Avanti bank raises $5 million in angel round, seeks to build institutional-quality infrastructure for crypto assets.

    Market Insights

     
    • Golden Bull Cycle predicted by TradingShot with a 600-day bull market expected.

     
    • Tether (USDT) maintains its #1 position in 24-hour volume and continues is market cap dominance over XRP to now rank as the #3 cryptocurrency.

    • Barclays concludes that Robinhood retail trading activity and S&P 500 index action are not related. Meanwhile, Goldman Sachs reports that retail investor stock picks are outperforming hedge funds.

    • Analysts at Morgan Stanley and Goldman Sachs downgraded Tesla stock (TSLA) amid continued US-China tensions.

    • Crypto 5-day top performers include popular mainstays and privacy coins, with strong buy signals for Zcash, Ethereum, Bitcoin, Monero, and NEO.
       

    Top Quotes & Tweets

    "The narrative of Main Street weakness vs. Wall Street asset inflation is misleading."

    - Goldman Sachs chief U.S. equity strategist, David Kostin

    "Though bitcoin saw among the most severe drops in liquidity around the peak of the crisis, that disruption unwound itself much faster than other asset classes."

    - JPMorgan Analysts
     

     

     

    HedgeTrade News & Updates:

    • The public launch of HedgeTrade officially announced.

    • Bittrex Global partnership creates a surge of new users.

    • Annualized Profit data is now available for prediction Blueprints.

    • HedgeTrade Leaderboard member bronzebug is averaging 20.87% in profit potential over 26 prediction Blueprints. Additional HedgeTrade market data available here.

    Further reading:


    Have a profitable week!

    -The HedgeTrade Team

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