Digital Assets Newsletter 59

Digital Assets Newsletter 59
  • Binance acquires $200 million stake in Forbes
  • Blackrock confirms roll out of Crypto trading amongst other services
  • Bitcoin trades in a tight channel as historically high inflation numbers cause high volatility
  • Russian Govenrment to regulate Crypto as a currency
  • Crypto Miners exempt from IRS reporting in the US


World’s Biggest Bitcoin Exchange Binance Investing $200 Million in Forbes - Decrypt
The deal will make crypto exchange Binance one of the two biggest owners of the 104-year-old publisher.
BlackRock Planning to Offer Crypto Trading, Sources Say
Clients would be able to trade crypto through the firm’s Aladdin investment platform, said one of the sources.
Blockchain Company Alchemy Triples Valuation In Just Three Months To $10.2 Billion As Web3 Fever Rages
By means of a $200 million equity funding round led by existing investor Lightspeed and new investor Silver Lake
Bitfinex cryptocurrency linked to 2016 hack soars 51% after US recovers $3.6 billion, raising hopes that the token will be burned
US authorities arrested Ilya Lichtenstein and Heather Morgan, a rapper also known as Razzlekhan, for an alleged conspiracy to launder cryptocurrency.
Samsung Unveils Crypto Wallet and Storage on New S22 Smartphone - BeInCrypto
South Korean electronics giant Samsung has unveiled its latest flagship smartphone which is loaded with crypto features and functionality.
New iPhone feature will enable Bitcoin ‘tap to pay’ transactions | Finbold
Users of Apple Pay will soon be able to utilize the iPhone’s Tap to Pay function to make crypto purchases at a range of stores and services.
Funding Roundup: $1.19 Billion Invested in Crypto Companies This Week - Blockworks
From Alchemy to XY Labs, recapping the latest investments into the sector
Animoca in Talks for Infusion From KKR as Funding Round Swells to $500M: Report
The Wall Street firm will add to the almost $360 million already raised from Winklevoss Capital, Soros Fund Management and others.
Abu Dhabi Trading Firm Hayvn in Talks for $30M Series B, Eyes IPO: Report
The firm is looking to raise $30 million in a Series B round at a valuation of $400 million.
Total Supply Of Decentralized Stablecoin DAI Exceeds $10 Billion
Currently, DAI is the fifth-largest stablecoin by market capitalization. Tether (USDT) may have continued to be the market leader after all these years, but DAI has the advantage of being open-source and decentralized.


Market Intelligence 13
Fundamental Support found between $36k-41k level Mayer Multiple Model suggests macro bottom is set Upward momentum in price is increasing pushing traders in profitability Weekly Price Action Since last week, price has increased by 12.5% from $38.k to $44.1k at the time of writing Price jumped by
Investors De-Risk Ahead of Hikes
Bitcoin investors have de-risked as global macro headwinds increase. In particular, traders eye the proposed Fed rate hikes in March, opting for protective insurance over speculative calls.
Over $200 Million in Liquidations Amid Massive Bitcoin Volatility
Enhanced volatility struck the crypto market again, with BTC going up and down by a few thousand dollars in hours.


Russian government and central bank agree to treat Bitcoin as currency
Cryptocurrency transactions of more than 600,000 rubles (roughly $8,000) will have to be declared or be considered a criminal act.
Crypto miners exempt from IRS reporting rules, US Treasury affirms
The U.S. crypto mining industry is about to score a major legal win as the Treasury Department plans to officially spare crypto miners from tax reporting rules.
US government now holds $4 billion in Bitcoin, double Tesla’s stack | Finbold
For many years, the US government has maintained a side business in which it auctions off Bitcoin (BTC) and other cryptocurrencies.


Undeniably Huge Amounts of Money Pouring Into Crypto and Blockchain Investments, According to JPMorgan Analyst - The Daily Hodl
The chairman of investment strategy at JPMorgan says that he was late in recognizing how big the cryptocurrency space would grow and is now taking a deep exploratory dive.
Billionaires: A New Generation Will Rise Thanks to Crypto
Billionaires: The potential to become a cryptocurrency billionaire is now a tantalizing possibility. Hyper-adoption is upon us.

Podcasts / Readings

A Quantitative Analysis of DeFi Option Vault Strategies
Motivation It may sound strange but crypto investors aren’t much different from traditional finance investors. While both parties have varying degrees of risk tolerance, one key similarity between crypto and traditional investors is their insatiable thirst for yield.
Blockware Intelligence Newsletter: Week 25
Bitcoin on-chain analysis, mining analysis, equity-analysis; overview of 2/04/22-2/11/22
Meet the Guy Who Went Viral for Explaining How NFTs Are a Bullshit ‘Poverty Trap’
Dan Olson’s YouTube documentary “Line Goes Up” is like “The Big Short,” except crypto is the housing crisis.