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Members Area Crypto Daily Crypto Daily Report – September 2

Crypto Daily

Crypto Daily Report – September 2

September 2

FSInsight Team

Crypto Daily Report The Most Important Daily Data for Digital Assets Daily Updates from FSInsight September 2, 2021

Bitcoin is once again testing $50,000 while trades above $3,700 for the first time since May. At the time of writing, and Ethereum are up 4.5% and 6.5%, respectively, over the prior 24 hours. Despite the strong performance, $BTC dominance remains around 42% of the total crypto market, a historically low level for the leading cryptoasset. Investors are watching closely to see how well Bitcoin can sustain a run above $50,000, a seemingly key psychological trading level.

On Thursday, crypto exchange OKEx announced it was making waves in with the launch of its DeFi hub. The "decentralized digital asset ecosystem" will feature a platform for minting and trading NFTs on Ethereum and its proprietary OKExChain , as well as DeFi Dashboard, a portfolio visualization tool. This launch follows a month in which leading NFT exchange OpenSea facilitated nearly $3.5 billion in NFT volume.

According to CEO Changpeng Zhao, 's US affiliate targets an IPO within the next three years. Zhao cited market performance as the leading factor in determining how soon the company can begin the process. He also pointed toward as the model for a publicly-traded US crypto exchange. Ironically, Zhao's announcement was released on the same day that yet another regulatory body was busy cracking down on the Binance parent company, as Singapore authorities said that Binance may have breached local payment regulations, and placed the company on their investor alert list. Daily Important Metrics

SENTIMENT BTC METRICS BULLISH SIGNAL A decrease in Bitcoin on exchanges is bullish, indicates investors are moving coins to cold storage # BTC in Exchanges 2.5M ( -0.02% )

FUTURES CME BULLISH SIGNAL A positive spread between Futures Prices and Spot Prices is Bullish BTC Price $50,390 ( 6.33% ) CRYPTO SIZE BULLISH SIGNAL Spot Basis $103 ( 0.20% ) Bullish signal is tied to the crypto market growing Volume 4,802 ( 10% ) Market Cap $2.2T +$106B ( +4.97% ) Open Interest 6,654 ( 4.59% ) BTC Dominance 42.01% ( -0.18% )

STABLE COINS BULLISH SIGNAL OPTIONS CME NO SIGNAL Increase in circulating is a Bullish signal Higher open interest change in a bull market is In Circulation $66B ( +0.23%) bullish for the sector In Exchanges $6.4B ( -2.88%) Volume 73.00 ( 70% ) Open Interest 773 ( 7.96% )

STABLECOIN SUPPLY RATIO CALLS CME BULLISH SIGNAL BEARISH SIGNAL Calls Volume 19.00 ( -49% ) Ratio between Bitcoin supply and the supply of Calls Open Interest 289 ( 2.12% ) stablecoins, denominated in BTC PUTS CME BEARISH SIGNAL SSR 7.85 ( 0.55% ) Puts Volume CME 6.00 ( 0.00% ) SSR Oscillator -0.6655 ( -2.30% ) Puts Open Interest 484 ( 12% )

FUNDING RATE NO SIGNAL Positive funding rates indicate traders are Bullish Bitmex 0.0000% ( 0.00% ) Binance 0.0000% (0.00%)

All m e trics as of Se pte m be r 2, 2021 12:07 AM

CRYPTO PRICES

Market Daily Year to Relative to Symbol Last Price Cap Change Date BTC YTD BTC $942B $50,108 4.88% 73% ETH $442B $3,769 6.40% 411% 338% ADA $98B $3.05 8.30% 1,581% 1,508% BNB $83B $494 2.43% 1,222% 1,149% XRP $60B $1.29 7.54% 489% 416% DOGE $40B $0.3070 8.25% 6,574% 6,501% DOT $32B $32.50 8.15% 251% 178% LINK $13B $29.66 6.45% 164% 91% BCH $13B $673 5.00% 97% 24% LTC $12B $187 6.78% 50% -22%

Our Deep Research Projects

AVAX $7.7B $43.76 0.49% 1,276% 1,203% IOTA $3.9B $1.39 29% 369% 297% BSV $3.4B $179 6.35% 9.70% -63% AMP $2.4B $0.0560 6.52% 749% 676% ZIL $1.3B $0.1155 4.18% 38% -35% ZEN $1.1B $93.60 3.60% 710% 637% All price s as of Se pte m be r 2, 2021 12:17 PM Exchanged Traded Products (ETPs)

Premium Daily Year to Relative to Symbol Last Price to Nav Change Date BTC YTD GBTC -16% $38.24 1.24% 9.01% -64% BITW -1.35% $52.75 6.57% 0.29% -73% ETHE -7.91% $35.70 8.54% 198% 125% QBTC -8.28% $62.82 1.72% 16% -56% QETH -9.25% $58.29 1.82% 170% 97% All price s as of Se pte m be r 2, 2021 3:30 AM Stocks Symbol Market Last Price Daily Year to Relative to Cap Change date BTC YTD PYPL $337B $286 -0.92% 23% -49% SQ $123B $269 0.31% 22% -51% COIN $70B $266 2.51% -30% -103% HOOD $37B $44.55 0.52% Infinity% Infinity% SBNY $16B $259 -0.29% 91% 18% MSTR $6.9B $700 0.82% 65% -8.17% MARA $4.1B $41.23 1.58% 274% 202% RIOT $3.5B $36.60 -1.93% 122% 49% SI $3.1B $114 0.55% 70% -3.08% MOGO $390M $5.50 4.17% 37% -36% All price s as of Se pte m be r 1, 2021 4 :36 PM *COIN YT D since 14 /04 /2021 Important Levels and Targets

BTC ETH Level Price Distance Price Distance TARGET $100,000 100% $10,500 179% RESISTANCE II $63,000 26% $7,500 99% RESISTANCE I $58,000 16% $5,000 33% CURRENT PRICE $50,108 $3,769 SUPPORT I $45,500 -9.20% $3,000 -20% SUPPORT II $43,000 -14% $2,000 -47% SUPPORT III $39,000 -22% $1,490 -60%

News

QUICK BITS Vitalik Buterin reveals his biggest regret about Ethereum

The Block Read the full story > In an AMA on Twitter, Ethereum co-founder Vitalik Buterin reflects on when Ethereum was first launched in 2015. The post Vitalik Buterin reveals his biggest regret about Ethereum appeared first on The Block.

New York Mayoral Candidates Turn to Crypto for Votes Read the full story > Decrypt.co Candidates chasing the New York Mayor’s office are increasingly turning to crypto enthusiasts to garner votes.

Binance US Expected to Go Public in 3 Years, Says CEO

Decrypt.co Read the full story > Binance CEO Changpeng Zhao said the global crypto exchange’s American arm plans to conduct an IPO in the next three years.

Hunt for founder continues following latest SEC charges

CoinJournal Read the full story > The top financial regulator in the US has filed a civil lawsuit against the… The post Hunt for BitConnect founder continues following latest SEC charges appeared first on Coin Journal.

MARKET DATA Bitcoin miners post $1.4 billion in revenue for August, data shows

The Block Read the full story > Monthly bitcoin mining revenue in August was $30 million shy from all-time high in March of this year at $1.41 billion. The post Bitcoin miners post $1.4 billion in revenue for August, data shows appeared first on The Block.

Cardano and FTX tokens hit new all-time highs

CoinJournal Read the full story > Cardano (ADA) and FTX token (FTT) have surpassed their respective previous peaks, breaking into… The post Cardano and FTX tokens hit new all-time highs appeared first on Coin Journal.

CRYPTO INFRASTRUCTURE Crypto exchange OKEx launches challenger NFT marketplace

The Block Read the full story > exchange OKEx has launched a new platform for minting and trading NFTs. The post Crypto exchange OKEx launches challenger NFT marketplace appeared first on The Block.

REGULATION Former CFTC Chair Giancarlo Exits BlockFi Board as States Crack Down on Firm

Decrypt.co Read the full story > Christopher Giancarlo joined the BlockFi board four months ago—before it was hit with a series of cease and desist orders.

Binance fagged by Singapore’s MAS, placed on Investor Alert List

AMBCrypto Read the full story > While Binance has continued to accelerate its compliance efforts, its regulatory woes just keep mounting. The Monetary Authority of Singapore [MAS] is in the news today after it put the on its regulatory radar. The exchange pl...

FUNDRAISING AND M&A AnChain.AI raises $10M and awarded SEC contract to monitor crypto-assets

Crypto Ninjas Read the full story > AnChain.AI, a blockchain security company specializing in AI-powered platforms, today announced that it raised $10 million in a Series A funding led by SIG Asia Investments, LLLP, an affiliate of Susquehanna International Group (SIG). Fin VC, Nima Ca...

Cloud-based blockchain platform SIMBA Chain raises $25M in Series A funding

Crypto Ninjas Read the full story > SIMBA Chain, a platform to develop and deploy decentralized applications (dApps) across many , announced today it raised $25 million in a Series A round led by Valley Capital Partners. A startup incubated at the University of Notre Dame, S...

Stablecoin aggregator dApp BabelFish raises $5.8M via Sovryn Launchpad

Crypto Ninjas Read the full story > BabelFish, a stablecoin aggregator on Rootstock, has completed a successful fundraise totaling $5.8 million via a listing on Sovryn’s Origins Launchpad, the first organization to do so. Funds raised will enable BabelFish users to vote on protocol upg...

Asia-based crypto exchange Zipmex secures $41M USD in Series B funding

Crypto Ninjas Read the full story > Zipmex, an Asia-Pacific-based cryptocurrency exchange with offices in Singapore, Thailand, Indonesia, and Australia, today announced that it has secured over USD $41 million in its Series B funding. This marks a milestone for Zipmex, which has seen m...

Evrynet Raises $7 Million to Make DeFi More Accessible to Institutional Investors

CryptoPotato Read the full story > [PRESS RELEASE – Road Town, BVI, 1st September 2021] Evrynet is proud to announce a successful round of funding to the tune of $7 million. The round was comprised of numerous high-profile investors and backers. With the funds, Evrynet can bring decen...

Avalanche-based DeFi protocol Trader Joe raises $5 million from Three Arrows Capital and others

The Block Read the full story > Avalanche-based DeFi protocol Trader Joe has raised $5 million in token sale from Three Arrows Capital and other investors. The post Avalanche-based DeFi protocol Trader Joe raises $5 million from Three Arrows Capital and others appeared first on The...

FSInsight Team

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