Crypto Index Fund Insight Feb 2023 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Index Fund Insight Feb 2023

Current Situation
The Ewpple DeFi Crypto Index Fund (EWD) has continued to rise by 4% this month after surging by 36% in January. However, the market is currently consolidating before the uptrend will resume. The US Federal Reserve has not finished increasing the Fed funds rate yet, with a couple more increases to come as the rate of US inflation decrease has slowed down.

Economic Data
US Jan Inflation Rate 6.4% vs Fed target 2%.
US Jan Unemployment Rate 3.4%.
US Fed Funds Rate 4.75%.

Crypto News
US Federal Reserve warns banks about liquidity risk of cryptocurrencies and their potential impact on financial stability due to high volatility and regulatory challenges.
Charles Edwards, the founder of Capriole Investments, predicts a new bull market for Bitcoin based on factors such as its emergence from a deep-value phase, confirmed technical price movements, and the timing of the halving cycle.

Investor Action
To benefit from the ongoing crypto boom, investors should consider buying index funds like the Ewpple DeFi Crypto Index Fund (EWD) and use a dollar cost averaging strategy by regularly investing a fixed amount until they reach their desired investment level.

Ewpple DeFi Crypto Index Fund (EWD) lost -6%.
Benchmark index lost -17% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

If you want to know more about creating wealth with crypto index funds, please contact us.

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Crypto Market Insight Jan 2023 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insights Jan 2023

Current Situation
The crypto market has finally emerged from a prolonged period of downturn, with BTC and ETH leading the way in the rally. However, the Federal Reserve may still raise the Fed funds rate a few more times before holding steady for an extended period.

Economic Data
US Dec Inflation Rate 6.5% vs Fed target 2%.

US Dec Unemployment Rate 3.5%.
US Fed Funds Rate 4.5%.

Crypto News
Bitcoin's value increased by 40% in January, likely due to a reversal of short selling positions and growing investor confidence and institutional interest.
However, macroeconomic challenges, such as high inflation and a potential recession, as well as the possibility of regulatory action, remain obstacles to the market.

Investor Action
Investors are advised to consider using index funds, such as the Ewpple DeFi Crypto Index Fund (EWD), and employ a dollar cost averaging strategy by regularly investing a set amount until it grow to their desired investment amount.

Ewpple DeFi Crypto Index Fund (EWD) lost -6%.
Benchmark index lost -19% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Please reach out if you are interested in learning more about building wealth through crypto index funds.

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Crypto Market Insight Dec 2022 | Ewpple

 

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Ewpple - Crypto Market Insights Dec 2022

Current Situation
As a result of the holiday season and low price volatility, the cryptocurrency market has experienced stagnation for the past 2 weeks. 2 or 3 tightening may be necessary before the Fed maintains the same interest rate. So long as GDP doesn't crash or unemployment doesn't spike.

Economic Data
US Nov Inflation Rate 7.1% vs Fed target 2%.
US Nov Unemployment Rate 3.7%.
Fed Funds Rate 4.5%.

Crypto News
Low stablecoin redemption values may indicate waning Bitcoin selling pressure. Stablecoin redemptions have usually been large during bear markets.

Investor Action
The market will slowly recover when the Fed stops raising rates. It is a good time to invest during this recovery. It makes sense to invest in index funds like EWD, Ewpple DeFi Crypto Index Fund. EWD should be purchased using dollar cost averaging.

Ewpple DeFi Crypto Index Fund (EWD) lost -33%.
Benchmark index lost -42% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

You can build wealth with crypto index funds. Please contact me if you need more information.

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Crypto Market Insight Nov 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Nov 2022

Current Situation
As a result of the FTX collapse, the crypto market crashed. For the time being, the market will remain weak due to contagion from the collapse.
The inflation rate declined to 7.7%, below market expectations of 8%. Future Fed fund rate increases will be smaller if this downtrend continues.

Economic Data
US Oct Inflation Rate 7.7% vs Fed target 2%.
US Oct Unemployment Rate 3.7%.
Fed Funds Rate 4%.

Crypto News
Temasek Holdings, the Singapore Sovereign Wealth Fund, is the single biggest victim, as it loss all US$275M in its FTX investment. FTX's meltdown affected BlockFi, Genesis Trading, Hbit, and HK AAX as well.

Investor Action
While serious, the FTX-induced crash won't doom the entire crypto market. Through the Dollar Cost Averaging strategy, long-term investors can invest periodically in major crypto and DeFi tokens. Always store purchased tokens in a non-custodian wallet, like Metamask. A wise way to invest is through index funds, like the Ewpple DeFi Crypto Index Fund (EWD).

Ewpple DeFi Crypto Index Fund (EWD) lost -29%.
Benchmark index lost -39% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Crypto index funds can help you build wealth. Feel free to contact me for more information.

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Crypto Market Insight Nov 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Nov 2022

Current Situation
The entire crypto market capitalization increased by 5% in a very active trading week. Rates were raised by 75 basis points by the Fed. The Fed will continue to do so with a smaller amount & hold rates thereafter until inflation subsides to below the Fed rate.

Economic Data
US Sep Inflation Rate 8.2% vs Fed target 2%.
US Oct Unemployment Rate 3.7%, up +0.2%.
Fed Funds Rate 4%, up +0.75%.

Investor Action
Despite the crypto market's current boom, we should be wary of persistently high inflation and a potential economic slowdown. They will stifle the market. Investors should not panic sell, however. To take advantage of the market's weaknesses, investors can use the Dollar Cost Averaging strategy to invest in an index fund such as the Ewpple DeFi Crypto Index Fund (EWD).

Ewpple DeFi Crypto Index Fund (EWD) lost -4%.
Benchmark index lost -17% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Crypto index funds can help you build wealth. If you would like more information, please feel free to contact me.

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Crypto Market Insight Oct 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Oct 2022

Current Situation
Inflation remains stubbornly high at 8.2%. Unemployment has fallen back to 3.5%. This provides the Fed with reasons & conditions to stay aggressive. Rates may be raised by 75 basis points next time. Economic recessions are likely to occur.

Economic Data
US Sep Inflation Rate 8.2% vs Fed long-term average target 2%.
US Sep Unemployment Rate 3.5%.
Fed Funds Rate 3.25%.

Investor Action
A sell-off will occur with every unfavorable economic data and rate increase. No need to panic and sell now that the market is at its bottom. Eventually, the Fed will have to raise interest rates higher than inflation, so the market may remain at its bottom for some time. Build up your crypto position during market weakness. Use the Dollar Cost Averaging strategy to invest in an index fund like Ewpple DeFi Crypto Index Fund (EWD).

Crypto News
According to Mairead McGuinness, commissioner for financial services at the European Commission, regulating crypto would require a global effort. With a comprehensive set of regulations in place, the EU monitors everything from the environmental impact of the crypto industry to algorithmic stablecoins.

Ewpple DeFi Crypto Index Fund (EWD) lost -13%.
Benchmark index lost -27% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

A crypto index fund can help you build wealth. For more information, please do not hesitate to contact me.

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Crypto Market Insight Oct 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Oct 2022

Current Situation
Federal Reserve increases interest rates 75 basis points, maintaining its aggressive stance. Fed hawkish actions will continue even if a recession results. Eventually, the Fed will set interest rates higher than inflation. As the Fed Funds Rate rises, inflation will eventually fall.
“We need a slowdown, … the economy to absorb our actions and slow in a relatively orderly way.” Atlanta Fed President Raphael Bostic said.

Economic Data
US Aug Inflation Rate YoY 8.3% vs Fed target long term average 2%.
US Sep Unemployment Rate 3.5%.
Fed Funds Rate 3.25% up +0.75%.

Market Reaction
Strong US dollar due to Fed action will sap the life out of the market and transfer inflation to countries with weaker currencies. There will be a period of weakness in the market. When inflation is under control, it will revive.

Investor Action
Don't worry about short-term price fluctuations. Build up your crypto position during market weakness. Invest in an index fund like Ewpple DeFi Crypto Index Fund (EWD) using the Dollar Cost Averaging strategy.

Crypto News
According to Fed's Powell, DeFi must be regulated before it expands to more retail customers. Moreover, a U.S. central bank digital currency (CBDC) would be non-anonymous and verify users' identities if launched.

Ewpple DeFi Crypto Index Fund (EWD) lost -13%.
Benchmark index lost -26% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Making money with crypto tokens is possible even if you don't know what to buy or when to buy it. Feel free to contact me for more information.

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Crypto Market Insight Sep 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Sep 2022

Fed Watch - Interest Rate Increase Vs Crypto Market

Current Situation
Even if it leads to recession, the Federal Reserve aims to force down inflation by increasing interest rates aggressively. CPI/inflation is likely to fall as the Fed Funds Rate rises. The Fed will hold the Fed rate greater than inflation (the Crossover Point) until inflation subsides.

Market Reaction
Markets drop when they expect an aggressive Fed (e.g., high CPI data), and vice versa when favorable data is released. Noises like these don't matter. For the foreseeable future, markets will remain at the bottom. It will move uptrend only as the crossover point approaches.

Economic Data
US Aug Inflation Rate YoY 8.3% - Fed target 2.5%.
US Aug Unemployment Rate 3.7%.
Fed Funds Rate 2.5%.

Investor Action
There is no need to panic sell when the total crypto market cap is less than US$1T. Invest during market lows to accumulate assets. Dollar Cost Averaging is the most effective strategy to buy into an index fund like Ewpple DeFi Crypto Index Fund (EWD).

Ewpple DeFi Crypto Index Fund (EWD) lost -13%.
Benchmark index lost -23% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

It is possible to make money with crypto tokens even if you have no idea what to buy or when to buy it. If you need more information, please let me know.

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Crypto Market Insight Sep 2022 | Ewpple

 

Ewpple | Income For Life

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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Crypto Market Insight Aug 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Aug 2022

• The crypto market plummets as Fed officials take a hawkish stance. In September, a higher than usual interest rate hike could cause a bloodbath, as it did in June.
• The Chicago Mercantile Exchange Group plans to launch options trading for Ether (ETH) futures products. In anticipation of the Merge, ETH futures and micro-sized ETH futures have seen a rise in trading volume and open interest.
• Huobi's HUSD stablecoin de-peg from its dollar peg due to liquidity issues, dropping to $0.84.
• As a result of adverse market conditions, US Stock and Crypto investment platform Robinhood reduced its $170M offer to buy crypto exchange Ziglu by 58%. The offer was accepted on Aug 18 by Ziglu CEO Mark Hipperson.
• Nigeria's central bank digital currency (CBDC) eNaira will enter its second expansion phase to reach 8M active users. Africa's first CBDC, eNaira, was launched in Oct 2021.
• The Reserve Bank of South Africa encourages banks to maintain ties with cryptocurrency to prevent illicit activities. Cryptocurrency adoption is expected to be boosted by this move.
• Financial Intelligence Unit, a Korean financial watchdog, has cracked down on 16 unregistered foreign-based cryptocurrency exchanges, including KuCoin, Poloniex, and Phemex.
• Due to bleak financial conditions, Hodlnaut cuts 80% of its staff and applies for Singapore judicial management. Furthermore, this is the last resort to avoid liquidating Hodlnaut's Bitcoin (BTC) and Ethereum (ETH) holdings.

Ewpple DeFi Crypto Index Fund (EWD) lost -4%.
Benchmark index lost -14% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Please do not hesitate to contact me if you are interested in building wealth.

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Crypto Market Insight Aug 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Aug 2022

• The Bitcoin (BTC) price has crossed $23K in the last 2 weeks, forcing miners to fire up their rigs despite soaring electricity costs.
• Ethereum's (ETH) co-founder Vitalik Buterin argued, centralized stablecoins might be a "significant" factor in determining which blockchain protocol the industry will "respect" in Ethereum Merge hard forks.
• As cryptocurrency market volatility continues, 40% of U.S. investors are buying more crypto. 1/5 of investors reported investing less in crypto, while the rest said they did not make any changes.
• Thailand's Central Bank BOT announced on Friday that it will test central bank digital currency (CBDC) by 2022 or 2023. CBDCs have already been launched in the Bahamas and Nigeria, with 87 countries considering issuing them.
• A US Senator's office is reporting that the Securities and Exchange Commission (SEC) is investigating every crypto exchange. Furthermore, the SEC is investigating Binance Coin's (BNB) 2017 ICO and Coinbase's unregistered securities listing.
• The US Bankruptcy Court has approved Voyager Digital's return of $270M in customer funds. Separately, Voyager rejected FTX's acquisition offer as too low.
• Ledger, a manufacturer of hardware wallets, is seeking to raise at least $100M. The liquidity issues facing crypto companies have caused individuals to turn to self-custody solutions over centralized platforms.
• After being hacked and losing $190M, Nomad has recovered $22M. Again, the attack highlighted the importance of securing cross-chain bridges.

Ewpple DeFi Crypto Index Fund (EWD) gained +15%.
Benchmark index loss -6% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

Please do not hesitate to contact me if you are interested in building wealth.

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Crypto Market Insight Jul 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Jul 2022

• Global crypto market cap reached $1T, resulting in investors liquidating >$165M of short positions.
• Bitcoin (BTC) funding rates returned to neutral after the price of Bitcoin broke above $23K during a relief rally.
• In Q2, Tesla sold 75% of its 42K Bitcoin (BTC) holdings worth $936M to maximize its cash position. Tesla may increase its crypto holdings in the future.
• With Ethereum's (ETH) utility as a smart contract platform, Blockdaemon believes Ethereum will remain a leader in the crypto ecosystem after the Merge upgrade in September.
• Ethereum-based decentralized crypto exchange, Uniswap's (UNI) price gains are fueled by a new Robinhood listing.
• Decentralized finance (DeFi) protocol, Balancer (BAL) and AAVE DAO (AAVE) exchanged 16,907 AAVE tokens for 200,000 BAL tokens. By swapping $1M Treasury tokens, both protocols will become major holders of each other's tokens.
• $2B SkyBridge and $230M Legion Strategies funds under Anthony Scaramucci have frozen redemptions. SkyBridge's assets consist of about $500M in Bitcoins (BTC).
• In response to financial difficulties associated with Celsius Networks and Babel Finance exposure, Singapore crypto exchange Zipmex has halted withdrawals.

Ewpple DeFi Crypto Index Fund (EWD) gained +4%.
Benchmark index loss -13% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) + Decentralized Finance Index (DEFX)

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Crypto Market Insight Jul 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Jul 2022

• As part of its debt repayment, Crypto mining giant, Core Scientific sold 7K Bitcoin (BTC) at approximately $23K each for nearly $167M (79% of its holdings).
• Ethereum (ETH) Merge trial on the Sepolia test network mostly went smoothly with only a few minor hiccups. Prior to becoming a proof-of-stake (POS) token, a final test will be conducted on the Goerli network.
• The Celsius Network has paid Maker (MKR) DAO $120M of its Bitcoin loan through DAI transactions. Celsius' liquidation risk is decreasing as its' stETH re-pegs to ETH.
• The recent gains of Convex (CVX) & Curve (CRV) tokens can be attributed to relocking CVX tokens and depositing CRV tokens into Convex Finance. Both tokens have surged more than 50%.
• Circle’s USD Coin (USDC) may surpass Tether (USDT) as the top stablecoin in 2022 as its market capitalization reaches $55B against USDT's decreasing $66B. As a US FinCEN-registered money service business, Circle reports its reserves to the government.
• Crema Finance, a Solana-based DeFi protocol, had recovered roughly $7.6M worth of stolen crypto. Sadly, Harmony's $100M theft by North Korea government's Lazarus Group didn't end well.
• A bankruptcy filing by Voyager Digital was triggered by its exposure to bankrupt Singapore hedge fund Three Arrow Capital.
• Despite a decrease in investor interest in the last two months, Meebits, a collection of 20K 3D voxel characters, has exceeded $500M in NFT sales.

Ewpple DeFi Crypto Index Fund (EWD) dropped -4%.
Benchmark index dropped -23% in the same period.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) 50% & Decentralized Finance Index (DEFX) 50%

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Crypto Market Insight Jun 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Jun 2022

• As the market improves, Coinbase will launch Bitcoin (BTC) 'Nano' futures valued at 1/100th of a Bitcoin, once granted CFTC approval.
• Soon, Ethereum (ETH) will undergo The Proof-of-Stake (PoS) Merge, which is more network-efficient and bullish for ETH.
• Aave's (AAVE) Lens Protocol developed its Web3 decentralized social media platform so users could control their own profiles, communications and presence on social networks.
• The 'Saga' is an Android Web3 phone from Solana (SOL) Mobile with a dApp store, a Solana SDK, and hardware private keys for secure Web3 transactions and digital asset management.
• Cryptocurrency derivatives exchange CoinFLEX has halted withdrawals until 30 June due to unfavorable market conditions and uncertainty related to an unnamed counterparty.
• A $100 million Ethereum cross-chain bridge owned by Harmony was stolen. Harmony alerted exchanges and shut down the Horizon bridge to prevent further transactions, but said its Bitcoin bridge was not affected.
• The Swiss watch maker Hublot, owned by LVMH, has begun accepting Bitcoin and other crypto payments through the crypto payment platform BitPay. In addition, Tag Heuer, Gucci, and Balenciaga now accept crypto payments.
• Singapore Three Arrows Capital 3AC, with $18 billion in assets under management, is facing insolvency after failing to meet margin calls from lenders such as Genesis, Nexo, and Celsius.

Ewpple DeFi Crypto Index Fund (EWD) is up by +2%.
Benchmark index fell by -26%.
Benchmark index = S&P Cryptocurrency MegaCap Index (SPCMC) 50% & Decentralized Finance Index (DEFX) 50%

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Crypto Market Insight Jun 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Jun 2022

• Terraform Labs and its CEO Do Kwon have been ordered by a US court to comply with an SEC subpoena about allegations of federal securities law violations.
• PayPal now lets users move their digital assets to other wallets and exchanges, improving their ability to send cryptocurrencies to friends and family.
• Global institutional investors' interest in digital assets has led Bloomberg Terminal to expand its crypto market coverage to cover the top 50 crypto assets.
• Mattel and toy-focused NFT marketplace Cryptoys have established a multi-year partnership to build play-to-earn games featuring Barbie, Hot Wheels, Masters of the Universe, and others as playable avatars.
• Alibaba Group launched a brand-new NFT solution that includes web hosting, online marketing, and content delivery, but promptly deleted any mention of it from its website.
• A severe wallet management error & hack have caused crypto market-making firm Wintermute to lose roughly $17.6M worth of OP tokens belonging to the Optimism Foundation.
• SEC Chair Gary Gensler noted that stablecoins often resemble securities, and the SEC is committed to protecting investors and fighting crypto's role in facilitating illegal and prohibited activities.
• In anticipation of future decisions by the EU, Lithuania has banned anonymous wallets and enacted strict regulations on crypto exchanges to prevent money laundering, terrorist financing, and sanctions evasion.
• In Jamaica, the CBDC, Jam-Dex, will become legal tender after it was approved by the country's Senate and successfully trialed last year. It is hoped that Jam-Dex will be helpful to those without bank accounts.
• A bill has been introduced in the Russian State Duma banning cryptocurrency payments.

Ewpple DeFi Crypto Index Fund (EWD) unchanged in 1 week.
S&P Cryptocurrency MegaCap Index (SPCMC) 50% & Decentralized Finance Index (DEFX) 50% benchmark index fell by -4.3% in 1 week.

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Crypto Market Insight May 2022 | Ewpple

 

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Ewpple - Crypto Market Insight May 2022

• An SEC filing indicates that Fidelity Investments' bitcoin index fund has more than USD 125M in investments.
• With the delayed transition to proof-of-stake to take place in August, the impact of the Merge on the Ethereum price may be muted.
• Uniswap (UNI) trading volumes are now over $1T.
• The Terra blockchain's validators approved Terra 2.0, much to the dismay of Terra's community and decentralized finance platform Lido.
• After Terra's collapse, crypto whales redeemed $10B Tether's USDT for USDC, its closest competitor, which gained $5B.
• According to the US Federal Reserve, most US adults who use crypto use it for investment purposes - 11% use it for investments, 2% for payments, 1% for sending to friends and family.
• Michael Hsu, acting comptroller of the currency, said the crypto space is extremely dangerous for investors of modest means, referring to the crash as a 'wake-up call' and an 'opportunity to reset'.
• AUM of crypto funds fell to $38B, the lowest since July 2021, as investors pulled out $143M, the second-largest outflow since July 2021, CoinShares reported this week.
• AH Capital Management LLC has raised $4.5B for its fourth and largest crypto fund to support the web3 concept.
• HK-based crypto lender Babel Finance raised $80M and is valued at $2B.

Ewpple Crypto Index Fund fell by -32% in 1 month.
S&P Crypto LargeCap Index fell by -34% in 1 month.

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Crypto Market Insight May 2022 | Ewpple

 

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Ewpple - Crypto Market Insight May 2022

• Crypto markets plunged as the world's risk sentiment declined, led lower by the depreciation of the partially BTC-backed stablecoin TerraUSD (UST).
• El Salvador added 500 Bitcoins (BTC) to its total of 2,301, as crypto prices fell.
• TerraUSD (UST) de-pegged from its $1 value, while Terra (LUNA), its sister token, collapsed by more than 99%, wiping out crypto investors' fortunes.
• Uniswap has at least 2X the liquidity resources of the leading cryptoexchanges, and by providing more liquidity, stability, and security, it is strengthening its position in the industry.
• Due to an Oracle price manipulation attack, the DeFi lending protocol Fortress was hacked for $3M.
• Through an Art Security Token Offering by The Royal Museum of Fine Arts Antwerp, anyone can virtually "co-own" the masterpiece Carnaval de Binche by James Ensor for EUR 150.
• Gucci will begin accepting 10 cryptocurrencies in May, including 5 stablecoins pegged to the USD.
• The lawless days of cryptocurrencies are coming to an end, as crypto-asset service providers scramble to avoid regulatory punishments.
• Abu Dhabi and Dubai are vying for the title of crypto capital as FTX, Binance, and Kraken set up operations in Dubai.
• The Industrial and Commercial Bank of China is among the banks that allow AI and algorithms to add digital yuan holdings to fiat savings accounts.

Ewpple Crypto Index Fund fell by -31% in 1 month.
S&P Crypto LargeCap Index fell by -32% in 1 month.

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Crypto Market Insight May 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight May 2022

• As a first, Fidelity plans to introduce Bitcoin (BTC) to 401(k) plans.
• The Merge, which speeds up and lowers the cost of Ethereum (ETH) transactions, was originally expected in June, but will now take place "a few months later".
• Last week, Ethereum (ETH) funds outflowed $17M, whereas Avalanche (AVAX), Solana (SOL), Terra (LUNA), and Algorand (ALGO) funds raked in $3.5M.
• Maple Finance, a crypto capital markets platform, has deployed a $45 million fund to spur the growth of the Solana blockchain ecosystem.
• Supporters are counting on Musk to make Twitter more doge-friendly as Dogecoin (DOGE) jumps 17%.
• Stripe allows merchants to pay their sellers, freelancers, and content creators with USDC stablecoin via the Polygon blockchain.
• With total assets under management (AUM) of $7.3B, Anthony Scaramucci's hedge fund SkyBridge Capital is working towards shifting most of its AUM to digital assets.
• Global lawmakers must decide how to regulate cryptocurrencies based on the risks associated with them, according to Fabio Panetta of the European Central Bank.
• The Central African Republic will allow citizens to pay taxes with crypto and allow businesses to accept crypto as payment.
• Nigeria, Kenya, Tanzania, Ghana, and South Africa are among the top 20 countries in the Global Crypto Adoption Index, despite their relatively small economies.

Ewpple Crypto Index Fund (EWF) fell by -9.5% in 3 weeks.
S&P Crypto LargeCap Index fell by -13% in 3 weeks.

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Crypto Market Insight Apr 2022 | Ewpple

 

Ewpple | Income For Life

Ewpple - Crypto Market Insight Apr 2022

• A combination of historically high inflation and geopolitical uncertainty has led the Federal Reserve to raise interest rates.
• As a result, Bitcoin and the broader cryptocurrency market have suffered.
• The digital asset space is feeling the same pinch as stocks. Bitcoin (BTC) and Ether (ETH) are highly correlated to the tech stocks & Nasdaq-100.
• A rise in NFT sales and OpenSea's volume surging above $1.3 billion in the last week suggests that the NFT bull market might be returning.
• According to the BIS, central banks should play a pivotal role in regulating cryptocurrency and emerging digital economies.
• Blackrock and Fidelity join forces to invest in the $400M Funding Round of Circle, a major crypto P2P payment firm and the company behind UDC Coin (USDC).
• Many millennial millionaires' main assets are digital. But most millionaires of older generations continue to treat cryptocurrencies cautiously or even negatively.
• In Nigeria, crypto ownership is boosted by a lack of financial services, says the report.
• The main reason investors across the globe invest in crypto is to counter rising fiat inflation.

1 week return for Ewpple Crypto Index Fund (EWF): +1%
1 week return for S&P Crypto LargeCap Index: +1.3%

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Crypto Market Insight Apr 2022 | Ewpple

 

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Ewpple - Crypto Market Insight Apr 2022

• The cryptocurrency market cap surges to $2T as institutions signal their interest.
• Over the last week, almost every top 50 cryptocurrency has seen gains.
• The weak ruble and financial sanctions make cryptocurrencies useful in Russia.
• As BTC approaches $50K by mid-April, ProShares ETF's Bitcoin stash grows to $1.27B.
• The price of Ethereum (ETH) hits >$3.2K as anticipation builds for the 'Merge'.
• As crypto sees largest inflows since last year, institutions pour money into Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

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