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Crypto Daily Report – June 29

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This document is being provided publicly in the following form. Please subscribe to FSInsight.com for more. Members Area Crypto Daily Crypto Daily Report – June 29 Crypto Daily Crypto Daily Report – June 29 June 29 FSInsight Team Crypto Daily Report The Most Important Daily Data for Digital Assets Daily Analysis from FSInsight June 29, 2021 Crypto prices continued to climb through Tuesday morning as BTC and ETH reached $35,600 and $2,200, respectively, at the time of writing, representing respective increases of 4% and 8% from 24 hours prior. As we noted in our Crypto Flash yesterday evening, prices are showing some resiliency in the face of bad news, and this trend reversal possibly reflects some seller exhaustion in the market. TP ICAP, the world's largest interdealer broker, is launching a crypto trading platform for institutional clients. The company will partner with custodial service providers Fidelity Digital Assets and Zodia Custody and liquidity provider Flow Traders to bring the offering to market. According to an SEC filing, Morgan Stanley has purchased 28,289 shares of the Grayscale Bitcoin Trust (GBTC) via its Europe Opportunity Fund valued at approximately $1.3 million at the time of filing. Not only did Cathie Wood of ARK Investment Management buy the BTC dip, but she and her firm also filed an application with the SEC for a Bitcoin ETF, adding to the growing chorus of US investors calling for a Bitcoin ETF approval. According to the filing, ARK will partner with 21Shares to launch the fund. Daily Important Metrics CRYPTO SIZE SENTIMENT BULLISH SIGNAL Bullish signal is tied to the crypto market growing Market Cap $1.5T +$88B ( +6.41% ) BTC Dominance 45.96% ( -1.74% ) STABLE COINS FUTURES CME BULLISH SIGNAL A positive spread between Futures Prices and Spot BEARISH SIGNAL Prices is Bullish Increase in circulating stablecoins is a Bullish signal BTC Price $35,720 ( 4.38% ) In Circulation $62B ( -0.13%) Spot Basis In Exchanges $4.0B ( -0.91%) $101 ( 0.28% ) FUNDING RATE Volume 6,033 ( -23% ) Open Interest BEARISH SIGNAL Positive funding rates indicate traders are Bullish 8,046 ( 1.27% ) Bitmex 0.01% ( -137% ) Binance 0.01% (-460%) OPTIONS CME BEARISH 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 62.00 ( -51% ) investors are moving coins to cold storage Open Interest 723 ( -52% ) # BTC in Exchanges 2.6M ( -0.18% ) All m e trics as of June 29, 2021 12:07 AM CRYPTO PRICES Market Daily Year to Relative to Symbol Last Price Cap Change Date BTC YTD BTC $668B $35,619 4.52% 23% ETH $254B $2,179 9.21% 195% 173% BNB $47B $308 8.03% 724% 701% ADA $44B $1.39 5.93% 664% 641% DOGE $35B $0.2668 5.52% 5,699% 5,676% XRP $33B $0.7117 13% 225% 202% DOT $16B $16.56 12% 79% 56% BCH $10B $542 14% 58% 35% LTC $9.7B $145 11% 17% -6.06% LINK $8.7B $20.01 10% 78% 55% Our Deep Research Projects BSV $3.0B $161 22% -1.70% -25% IOTA $2.4B $0.8786 9.30% 196% 173% AMP $2.4B $0.0571 -4.99% 765% 742% AVAX $2.1B $11.94 11% 276% 253% ZIL $984M $0.0861 15% 3.01% -20% ZEN $736M $65.45 11% 466% 443% All price s as of June 29, 2021 11:58 AM Exchanged Traded Products (ETPs) Premium Daily Year to Relative to Symbol Last Price to Nav Change Date BTC YTD GBTC -9.89% $29.10 5.13% -17% -40% BITW 6.04% $37.05 5.86% -30% -52% ETHE -2.60% $19.44 6.99% 62% 39% QBTC -5.95% $62.82 1.72% 16% -6.49% QETH -6.65% $58.29 1.82% 170% 147% All price s as of June 29, 2021 7:59 AM Stocks Market Daily Year to Relative to Symbol Last Price Cap Change date BTC YTD PYPL $345B $291 0.43% 25% 2.59% SQ $112B $242 0.73% 9.29% -14% COIN $65B $228 1.38% -40% -63% SBNY $14B $254 -0.89% 88% 65% MSTR $6.1B $570 3.69% 34% 11% RIOT $3.5B $34.11 3.46% 107% 84% MARA $3.0B $29.24 3.72% 166% 143% SI $2.9B $104 1.14% 55% 32% MOGO $560M $7.27 2.68% 81% 58% All price s as of June 28, 2021 11:30 PM *COIN YT D since 14 /04 /2021 Important Levels and Targets BTC ETH Level Price Distance Price Distance TARGET $100,000 181% $10,500 382% RESISTANCE II $43,000 21% $5,000 129% RESISTANCE I $39,000 9.49% $3,000 38% CURRENT PRICE $35,619 $2,179 SUPPORT I $34,606 -2.84% $2,000 -8.22% SUPPORT II $30,145 -15% $1,490 -32% SUPPORT III $20,000 -44% $1,380 -37% News QUICK BITS Nigerian Learning Institution Says It Now Accepts Crypto as Payment for School Fees Bitcoin.com Read the full story > A learning institution in Nigeria’s Kano state, the New Oxford Science Academy, recently announced it will be accepting cryptocurrency as payment for school fees. According to the school’s proprietor, Sabi’u Musa Haruna, the institution arrived at th... Elon Musk Says ‘Important to Support’ Dogecoin Fee Change Proposal Bitcoin.com Read the full story > A fee change proposal for Dogecoin has been submitted and Tesla CEO Elon Musk says that it is “important to support” it. “This document proposes a new fee structure and policy for Dogecoin Core, to be gradually deployed to the network over multiple s... Decentraland estate that sold for $913,000 will become a virtual shopping district The Block Read the full story > Estate owner and digital real estate firm Republic Realm is developing a shopping district to sell digital wearables. The post Decentraland estate that sold for $913,000 will become a virtual shopping district appeared first on The Block. Legendary Hip-Hop Artist Jay-Z Enters the NFT Sphere — Rapper Lauds Blockchain and Smart Contracts Bitcoin.com Read the full story > Widely regarded as one of the most influential hip-hop artists in history, Shawn Carter, professionally known as Jay-Z, has been dipping his toes into the ocean of non- fungible token (NFT) collectibles recently. The American rapper has also partnered... MARKET DATA Morgan Stanley fund holds more than 28,000 shares of GBTC The Block Read the full story > Morgan Stanley's Europe Opportunity fund holds more than 28,000 shares of Grayscale's Bitcoin Trust, according to a regulatory filing. The post Morgan Stanley fund holds more than 28,000 shares of GBTC appeared first on The Block. CRYPTO INFRASTRUCTURE World’s biggest interdealer broker TP ICAP to launch crypto trading platform with Fidelity and others The Block Read the full story > TP ICAP, the world's biggest interdealer broker, is launching a crypto trading platform with Fidelity, Standard Chartered's Zodia Custody, and Flow Traders. The post World’s biggest interdealer broker TP ICAP to launch crypto trading platform with Fi... Cathie Wood's Ark Invest to create a bitcoin ETF under the symbol 'ARKB' CNBC Read the full story > Cathie Wood's Ark Invest is working with 21Shares to create a bitcoin exchange-traded fund. THOUGHTS AND OPINIONS Online broker eToro predicts more crypto regulation ahead Financial Times Read the full story > CEO of fast-growing trading platform says rulemakers need to do more to understand digital coins REGULATION GBP Deposits and Withdrawals ‘Suspended’ for Binance UK Customers Decrypt.co Read the full story > Binance can still be accessed by UK customers, but GBP deposits and withdrawals are currently suspended for both Faster Payments and bank cards. Report: South Africa Bars Transfer of Locally Acquired Cryptocurrencies to Overseas Exchanges, Oenders Face Jail Time Bitcoin.com Read the full story > Fresh reports from South Africa suggest that the transfer of locally acquired cryptocurrencies to overseas crypto exchanges will now be subject to the country’s exchange control regulations. Consequently, transactions where an individual purchases cr... FUNDRAISING AND M&A Nansen Raises $12 Million in Series A Funding Led by Andreessen Horowitz Decrypt.co Read the full story > In its bid to go big on crypto, Silicon Valley VC firm Andreessen Horowitz has invested in Nansen, a data analytics firm focused on crypto movements. Deutsche Börse Group Acquires Majority Stake in Crypto Finance AG Decrypt.co Read the full story > International exchange organization Deutsche Börse Group aims to expand its crypto-focused services for institutional clients. FSInsight Team Disclosures (show).
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