This document is being provided publicly in the following form. Please subscribe to FSInsight.com for more.

Members Area Crypto Daily Crypto Daily Report – July 27

Crypto Daily

Crypto Daily Report – July 27

July 27

FSInsight Team

Crypto Daily Report The Most Important Daily Data for Digital Assets Daily Analysis from FSInsight July 27, 2021

Bitcoin touched $40,000 yesterday for the first time since mid-June before experiencing a slight pullback on the news that Amazon will not be accepting BTC for payments this year. One thing we are keeping an eye on this morning is the GBTC discount, which has contracted from -11.19% a week ago to -5.77% as of yesterday's close, which could be an indication of renewed interest from institutional market participants. At the time of writing, and Ethereum are hovering around $38,400 and $2,300, respectively.

Bitcoin erased a portion of its weekly gain yesterday after Amazon categorically denied reports from a British newspaper that the tech giant is planning to accept BTC for payments by the end of 2021. However, based on comments provided to CoinDesk, the company is investigating digital assets in some capacity. The Amazon spokesperson stated, “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.”

Controversial stablecoin Tether found itself in the headlines again yesterday as the US Department of Justice announced that it is investigating possible bank fraud committed by Tether executives during the early days of the stablecoin's existence. Markets had a muted reaction, likely due to the fact that this was an old issue unrelated to questions surrounding its reserves. It is important to note that since the beginning of this year, USDT has decreased from 75% to 58% of the total stablecoin supply, as investors migrate to other stablecoin options. Daily Important Metrics

CRYPTO SIZE SENTIMENT

BULLISH SIGNAL Bullish signal is tied to the crypto market growing Market Cap $1.5T +$7.2B ( +0.47% ) BTC Dominance

47.48% ( +0.75% )

STABLE COINS FUTURES CME BEARISH SIGNAL A positive spread between Futures Prices and Spot BEARISH SIGNAL Prices is Bullish Increase in circulating stablecoins is a Bullish signal BTC Price $38,245 ( 0.29% ) In Circulation $62B ( -0.04%) Spot Basis In Exchanges $4.6B ( -6.08%) $-181 ( -0.47% ) FUNDING RATE Volume 22,919 ( 633% ) Open Interest BEARISH SIGNAL Positive funding rates indicate traders are Bullish 7,774 ( -3.22% ) Bitmex 0.01% ( -166% )

Binance 0.01% (-120%) OPTIONS CME BULLISH SIGNAL Higher open interest change in a bull market is bullish for the sector BTC METRICS BULLISH SIGNAL A decrease in Bitcoin on exchanges is bullish, indicates Volume 174 ( 1,482% ) investors are moving coins to cold storage Open Interest 1,132 ( 9.69% ) # BTC in Exchanges 2.6M ( -0.16% )

All m e trics as of July 27, 2021 12:07 AM CRYPTO PRICES

Market Daily Year to Relative to Symbol Last Price Cap Change Date BTC YTD BTC $721B $38,426 0.41% 33% ETH $269B $2,305 -0.90% 213% 180% BNB $53B $316 -0.33% 746% 713% ADA $42B $1.31 -1.89% 620% 588% XRP $30B $0.6498 -0.33% 197% 164% DOGE $27B $0.2083 -4.01% 4,429% 4,396% DOT $14B $14.33 -1.68% 55% 22% BCH $9.3B $495 0.13% 44% 12% LTC $8.9B $133 -3.14% 7.23% -25% LINK $8.5B $19.36 2.87% 72% 40%

Our Deep Research Projects

AMP $3.0B $0.0700 -6.30% 961% 929% BSV $2.5B $133 -1.24% -19% -51% IOTA $2.4B $0.8691 7.89% 193% 161% AVAX $2.1B $11.94 -0.96% 275% 243% ZIL $889M $0.0771 -7.19% -7.83% -40% ZEN $636M $56.03 -2.56% 385% 352% All price s as of July 27, 2021 1:27 PM Exchanged Traded Products (ETPs)

Premium Daily Year to Relative to Symbol Last Price to Nav Change Date BTC YTD GBTC -3.41% $27.21 0.59% -22% -55% BITW 24% $39.75 4.61% -24% -57% ETHE -3.38% $18.45 2.79% 54% 21% QBTC -2.62% $62.82 1.72% 16% -16% QETH -0.29% $58.29 1.82% 170% 137% All price s as of July 27, 2021 9:27 AM Stocks

Market Daily Year to Relative to Symbol Last Price Cap Change date BTC YTD PYPL $362B $306 0.68% 32% -0.66% SQ $120B $262 0.48% 18% -14% COIN $59B $226 0.06% -41% -73% SBNY $14B $238 -1.15% 76% 43% MSTR $5.3B $552 -0.80% 30% -2.80% SI $2.8B $106 0.97% 59% 26% RIOT $2.7B $28.88 0.02% 75% 43% MARA $2.5B $25.05 -0.83% 128% 95% MOGO $401M $5.95 1.54% 48% 16% All price s as of July 25, 2021 11:30 PM *COIN YT D since 14 /04 /2021 Important Levels and Targets

BTC ETH Level Price Distance Price Distance TARGET $100,000 160% $10,500 355% RESISTANCE II $43,000 12% $5,000 117% RESISTANCE I $39,000 1.49% $3,000 30% CURRENT PRICE $38,426 $2,305 SUPPORT I $34,606 -9.94% $2,000 -13% SUPPORT II $30,145 -22% $1,490 -35% SUPPORT III $20,000 -48% $1,380 -40%

News

QUICK BITS Amazon denies rumored plans for Bitcoin support

BtcEthereum Read the full story > Despite rejecting rumors the e-commerce giant will soon support Bitcoin payments, a spokesperson for Amazon has said the firm is still interested in the crypto space. Amazon has refuted recent speculation it may be readying to support Bitcoin paymen...

Bitmain spins of Antpool to focus on bitcoin mining hardware design

The Block Read the full story > Bitcoin mining hardware manufacturing giant Bitmain will soon spin off Antpool, currently the largest bitcoin by hash rate. The post Bitmain spins off Antpool to focus on bitcoin mining hardware design appeared first on The Block.

Goldman Sachs Filed For A DeFi ETF That Looks More Traditional

DCForecasts Read the full story > Goldman Sachs filed for a DeFi ETF which is more traditional than other proposed crypto ETFs as we learn more about it in our latest news today. The Goldman Sachs is a major traditional investment bank and now, Goldman Sachs filed for ...

DOJ reportedly investigates crypto company Tether for possible bank fraud

CNBC Read the full story > The Justice Department is investigating possible bank fraud by executives of Tether Ltd., according to Bloomberg News.

DOSE OF DEFI Monero Developers Disclose ‘Signifcant’ Bug in Privacy Algorithm

Decrypt.co Read the full story > A newly discovered flaw in Monero’s code allows onlookers to pinpoint real transactions among numerous “decoys.”

Aave to launch institutional DeFi platform Aave Arc within weeks

The Block Read the full story > Aave has rebranded its upcoming institutional platform and is on the verge of rolling it out, says CEO Stani Kulechov. The post Aave to launch institutional DeFi platform Aave Arc within weeks appeared first on The Block.

REGULATION Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges Read the full story > Bitcoin.com The Brazilian authorities seized $33 million linked to a money-laundering investigation involving cryptocurrency exchanges. The operation, called “Exchange Transaction” by the Brazilian police, involved six search warrants in different locations of t...

Crypto Companies and OK Group Dissolve Entities in China

Decrypt.co Read the full story > Huobi Group is dissolving its China-based entity, Beijing Huobi Tianxia Network Technology Limited.

FUNDRAISING AND M&A Ethereum-based project EthSign raises seed funding to put signed documents on the

The Block Read the full story > EthSign is a decentralized application that’s using Web3 technology to record contracts on the Ethereum blockchain. The post Ethereum-based project EthSign raises seed funding to put signed documents on the blockchain appeared first on The Block.

Solana-based stablecoin exchange Saber raises $7.7 million from Chamath Palihapitiya’s Social Capital and others

The Block Read the full story > Solana-based stablecoin exchange Saber has raised $7.7 million from Chamath Palihapitiya's Social Capital, Jump Capital, and others. The post Solana-based stablecoin exchange Saber raises $7.7 million from Chamath Palihapitiya’s Social Capital and ot...

Galaxy Digital launches venture fund of funds with backing from Franklin Templeton

The Block Read the full story > Galaxy Digital's fund management business as big Blackstone ambitions. The post Galaxy Digital launches venture fund of funds with backing from Franklin Templeton appeared first on The Block.

FSInsight Team

Disclosures (show)