The Digital Assets Report 107

Summary * Hong Kong's government successfully issued its first tokenized green bond of 800 million Hong Kong dollars (US$101 million), according to an announcement last Thursday. * Siemens emitted €40 million Blockchain-based bond on Polygon Blockchain. * Terra founder Do Kwon charged with fraud by SEC. According to the SEC’

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Crypto Charts 100

Bitcoin Breaking to new yearly highs last week confirms that wave (v) is underway and we remain bullish for BTC in the coming weeks. It appears that a wave ii correction is underway and if it takes the form of a zig-zag look to buy at the $22'900

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The Digital Assets Report 106

Summary * S.E.C.'s decision to charge the crypto exchange Kraken with securities violations regarding its staking services. Funds were not directly staked to the dedicated Blockchain but instead managed by Kraken pool to avoid unstaking period. SEC considers the staking service close to lending activities. To settle

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Crypto Charts 99

Bitcoin Last time we said: Whilst below $24'255, the wave (i) high, we are looking for lower in 3 waves. This will provide us the opportunity to buy. Retracement buy levels come in at $22'160, $20'880 and $19'850. Add to longs at

The Digital Assets Report 105

Summary * A virulent debate is animating the Bitcoin community, the Ordinals NFT project Bitcoin-based has filled up an entire block to mine one NFT approximatively 4 Mb, for 209$ fees including 63 transactions. Some Bitcoin developers wants to limit the use of the Bitcoin Blockchain by implementing a patch. * Alameda

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Crypto Charts 98

Bitcoin Last time we said for a push towards the $25'900 but noted that: ‘divergence in the MACD, the downwards sloping green arrow, adds weight to a larger correction lower is imminent so look to reduce longs at the target level and look to rebuy on the subsequent

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The Digital Assets Report 104

Summary * Goldman Sachs ranks Bitcoin as the best-performing asset of 2023. * Several of America’s biggest banks, including the likes of Bank of America and JPMorgan Chase, are joining forces to launch their own digital payment wallet. * New York Regulator Investigating Crypto Exchange Gemini reportedly claimed repeatedly that its the

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Crypto Charts 97

Bitcoin Last time we said: ‘Looking for another push higher above $23'300 to complete 5 waves up’ We broke to a high of $23'800 before trading sideways, to complete what I believe is the wave (iv) triangle correction. We should now see a push towards the

The Digital Assets 103

Summary * Genesis, owned by Barry Silbert’s Digital Currency Group (DCG), filed for bankruptcy protection last Thursday listing debts of around $3.5 billion. Gemini's founders, the Winklevoss brothers threatens to sue DCG. * DOJ charges founder of crypto exchange Bitzlato for processing $700M of illegal funds after a

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Crypto Charts 96

Bitcoin Last time we said: ‘so look to remain or get long on a correction to the $18'900-$19'200 level’ Looking for another push higher above $23'300 to complete 5 waves up. Looking at the MACD we can see clear divergence that hints that

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The Digital Assets Report 102

Summary * BTC price surged 26% to trade above $21,000 for the first time since FTX collapsed.  The long-term sentiment has turned bullish with bitcoin showing its biggest weekly percentage gain since January 2022. Options Flip to Show Stronger Bitcoin Into July. * Bitcoin network’s difficulty is now at an

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Crypto Charts 95

Bitcoin The break of $18'400 has put the bullish long term view back into play and we are now looking in the long term for cryptos in the longer term to start the wave 5 higher in the coming months to new highs. The break above the $18&

The Digital Assets Report 101

Summary * Silvergate Bank forced to cover $8bn worth of crypto-related withdrawals during FTX & Genesis debacle. The US bank was forced to sell $5.2 billion worth of assets for cash and booked a loss of $718m on those sales. * Bitcoin core developer Luke Dashjr has been hacked and lost

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Crypto Charts 94

Bitcoin Not much change since last time ‘if not short already look to sell in the next leg of the corrections in the 17238/17668 . Place stops above the December high at 18400. Until that level breaks we remain on alert for new lows to complete last years brutal correction

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Crypto Charts 93

Happy New Year everybody ! Bitcoin Last time we said: The break out and close below the uptrend channel adds weight to the argument that the correction is over. Look to sell retracement into the $16'975 / $17'450 area with stops above last weeks highs for an acceleration

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The Digital Assets Report 100

Summary * Digital Assets exchange Bitvavo can’t access €280 million euros on Genesis Global Capital (subsidiary of Digital Currency Group). * Genesis claims are selling for 35p to the Dollar, reminds FTX before bankruptcy.  Genesis Capital suspended withdrawals last month following a $1.2 billion loss to defunct crypto fund Three

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Crypto Charts 92

Bitcoin Last time we said: ‘If the bearish view is valid then a correction in 3 waves is close to completing with a possible push to $17'530 which would test the top of the channel as well as the 161.8% retracement level. Given the divergence in the

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The Digital Assets Report 99

Summary * SBF charged with conspiracy, wire fraud, money laundering by justice department, securities violations by SEC. * FTX CEO John Ray III is scheduled to testify before the House Financial Services Committee on Tuesday. * Binance tried to reinsure clients with its Proof Of Reserve but faced headwinds from audit experts highlighting

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Crypto Charts 91

Bitcoin Last time we said ‘If the bearish view is valid then a correction in 3 waves is close to completing with a possible push to 17530 which would test the top of the channel as well as the 161.8% retracement level. Given the divergence in the MACD we

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The Digital Assets Report 98

Summary Despite market turmoil, we saw a rebound that could be a bull trap but highly driven by strong long term sentiment of current BTC and ETH holders. * Goldman Sachs sees crypto investment opportunities after FTX fiasco. * Silvergate is under market scrutiny and stocks are stress tested following FTX and

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Crypto Charts 90

Bitcoin Last time we showed the long term chart and said that ‘A move back above 18140 would now be the first indication a low is in place followed by a daily close above 19400’ If the bearish view is valid then a correction in 3 waves is close to

The Digital Assets Report 97

Summary * FTX contagion still expanding, Digital Currency Group CEO, Barry Silbert, stated last Tuesday that DCG owes $575 million to Genesis Trading's crypto lending subsidiary, which has a debt revealed of $2 billion. Crypto community has concerns regarding the DCG financial solidity to cover the losses. Fear spread

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Crypto Charts 89

Bitcoin I am showing the long term chart for BTC today. As mentioned last week: ‘wave iv often appears as triangles with an impulsive break to the down side targeting $15'060 followed by $13'430. A move back above $18'140 would now be the first

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The Digital Assets Report 96

Summary FTX contagion turns to Genesis , rising fears with GBTC FTX signed for Bankruptcy a week ago , evidence exposed: * FTX owes to its top 50 creditors more than $3 billion. * FTX ex-CEO Sam Bankman-Fried (SBF) over $1 billion for personal use and $543 million to the Director of Engineering Nishad

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Crypto Charts 88

Bitcoin As mentioned last week: ‘I think we will continue to see BTC under pressure for a final push to new lows to complete 5 waves down. A move back above $19'400 will confirm a low is in place. Initial support comes in at $15'060 where