AscendEX Sunday Note (9.10-9.17)
Something to remember: “The writing of history is largely a process of diversion. Most historical accounts divert attention from the secret influences around the recorded events.” Week Ahead What’s driving markets? Weekly CEX volume has fallen to its lowest level since 2022 FTX liquidators appearing in court on Wednesday to gain approval to begin liquidating assets Remaining crypto retail participants continue to focus on meme coins and SocialFi app FriendTech while large and medium cap alts su
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AscendEX Sunday Note (9.3-9.10)
Spt 08,2023
Something to remember: “The surest way to keep a secret is to make people believe they already know the answer” Week Ahead What’s driving markets? Regulatory factors and macroeconomic developments continue to be the tail wagging the dog. Crypto market volatility still remains low except in the moments leading up to and immediately following announcements related to these topics SEC delayed decisions on 7 BTC spot ETF products this week, although this outcome was widely expected– crypto markets
AscendEX Sunday Note (8.27-9.3)
Aug 30,2023
Something to remember: “Private ownership of tools, a basis of freedom when tools are simple becomes a basis of enslavement when tools are complex.” Week Ahead What’s driving markets? At the Jackson Hole Symposium, Fed Chair Powell indicated the Fed’s willingness to hike interest rates again before the end of the year, and markets are now pricing in a 40% chance of another 25bp hike in one of the final meetings of the year. Macroeconomic datapoints such as this Friday’s non-farm payrolls will b
AscendEX Sunday Note (8.20-8.27)
Aug 24,2023
Something to remember: “The willow submits to the wind and prospers until one day it is many willows—a wall against the wind. This is the willow’s purpose.” Week Ahead What’s driving markets? Fed Meeting Minutes take a hawkish tone, sending equities lower and crypto markets spiraling Market maker GSR announces restructuring and scaling back, causing liquidity to retreat from the market and accelerating the sell off Heavy liquidations on Deribit, Binance, and other options derivatives exchanges
AscendEX Sunday Note (8.13-8.20)
Aug 24,2023
Something to remember: “Progress that is both rapid enough to be noticed and stable enough to continue over many generations has been achieved only once in the history of our species. It began at approximately the time of the scientific revolution, and is still under way.” Week Ahead What’s driving markets? ARK Spot BTC ETF decision gets delayed by the SEC. Consensus is that the SEC will push other decisions as well, lining up for a November/December approval Core CPI for July comes in slightly
AscendEX Sunday Note (8.6-8.13)
Aug 10,2023
Something to remember: “The truth suffers from too much analysis” Week Ahead What’s driving markets? Crypto Market volatility (CVI) remains near multi-year lows. This appears to be the least volatile year in terms of price action in crypto history Bitcoin (BTC) and Nasdaq spot price correlation at multi-year lows. This week saw Fitch downgrade the US long-term credit issuer rating and a lackluster AAPL earnings report, which dragged down equity markets. US CPI data will be released this Thursda