Crypto Market Insight Sep 2022 | Ewpple

 

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Ewpple - Crypto Market Insight Sep 2022

• According to TipRank, 62% of Bitcoin addresses haven't sold their Bitcoin holdings in a year or more. Bitcoin prices remain stifled by concerns about the upcoming Fed rate hike.
• Proof-of-stake consensus will reduce Ethereum (ETH)'s energy consumption to almost nothing. Ethereum will become the primary blockchain for smart contracts if the Merge succeeds.
• Cardano (ADA) is listed on Robinhood, but the bulls may face a 40% drop. Cardano's scalability and transaction speed will be improved with the launch of the Vasil hard fork in September.
• To boost the economy, the Japan Financial Services Agency has lowered taxes on crypto assets. Capital gains taxes may not apply to businesses holding, creating and distributing cryptocurrencies.
• A Metaverse industry promotion law is being drafted by South Koreans to promote development in the industry. 195B Won will be allocated to the metaverse-related initiatives by the government.
• Celsius Network has refunded about 22% of funds held in custody to 58,300 customers with assets totaling $48 million. According to the bankruptcy filing, Celsius owes its users around $4.3B.
• To examine the possibility of a US central bank digital currency (CBDC), a think tank has launched a "technical sandbox". This sandbox aims to provide insight into how a CBDC might be implemented for the private sector and government.
• Billionaire businessman David Rubenstein believes crypto assets will not go away. The industry will not be overregulated, according to Rubenstein.

Ewpple DeFi Crypto Index Fund (EWD) lost -6%.
Benchmark index lost -18% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

You can still make money with crypto tokens even if you don't know what or when to buy. You are welcome to contact me if you need more information.

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