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HedgeTrade Weekly Insights
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HedgeTrade Weekly Insights
📣 Top News📊 Market Recap📈Charts👥Voices Hey Traders, Here is a quick update of the latest news from the markets, industry, and more! Enjoy! If you haven't checked out the app, sign up today, and get started! | | -
Bitcoin finally broke out of the $10,000 threshold, soaring to over $12,000 but quickly dipping back to $10,500, triggering $1 billion in bitcoin liquidations in the process. The Fear and Greed Index for BTC moved into "Extreme Greed" mode, while in altcoin news, Ethereum price rose from $225 to $400 in the span of two weeks. -
SIX Exchange out of Switzerland announced it will be listing an actively managed crypto exchange-traded product, the "Bitcoin Capital Active ETP," which will trade bitcoin against a basket of top performing altcoins. -
In one of crypto's prime examples of a project moving from centralized governance to decentralization, Synthetix announced they have begun the 'decommissioning' process. They are officially being run by 3 different DAOs, all with varying areas of governance. -
In a recent episode, Joe Rogan told his 200 million listeners to buy bitcoin stating, "I love it. I wish it was the way we exchanged currency, and maybe it will be in the future". -
Genesis Trading and Circle entered a $25 million deal focusing on pushing USDC stablecoin towards mass adoption. -
Koinly is partnering with 3 Australian crypto exchanges to provide taxation software, enabling an auto-feed for trading data and accessible capital gains reporting. | | -
DEX volume hit $4.2 billion for the month of July 2020 (volume for all of 2019 was about $2.4 billion). -
Curve's decentralized stablecoin exchange posted $60 million in daily volume, clocking a 50x increase over the last two months. -
Malaysia's stock exchange is set to study the potential digitization of the country's bond market. A proof of concept blockchain called Project Harbour will be its DLT testing ground for the proposed bond marketplace. -
The Tel Aviv Stock Exchange (TASE) will launch a blockchain platform in November 2020. "Central Blockchain Securities Lending Platform" will essentially create a single national market for Israeli companies who lend securities directly to each other. - BlockFi clients earned over $5 million in interest across bitcoin, Ethereum, Litecoin, and stablecoins in the month of July.
| | Top Quotes & Tweets "Unlike other communities such as libertarians and cypherpunks, poker players are not driven by ideology but largely by pragmatic needs. And some of them are switching [from bitcoin] to stablecoins now. [The] poker player's life is volatile enough even without the volatility of their "working capital". - Fiskantes, Medium "We're at the very early stages of a truly novel structure that can organize humans and money. I just find that very exciting. And I think, as a kind of mega trend, it's going to be extremely massive and sort of unstoppable." The DeFiant Interview with Olaf Carlson-Wee | | Have a great week! -The HedgeTrade Team | | | |
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