GSG Market Update – December 4, 2019

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GSG Market Update

December 4, 2019

Market Watch

Name Current Price 24h % 30d Vol 90d Vol 21d EMA 50d EMA
Bitcoin $7,244.55 -0.25% 51.53% 61.44% $7,747.62 $8,242.10
Ethereum $146.84 -0.29% 58.03% 73.12% $159.61 $169.47
XRP $0.215 -1.13% 51.40% 66.49% $0.238 $0.256
Bitcoin Cash $208.75 -2.07% 69.16% 91.80% $229.77 $245.31
Litecoin $45.26 -0.13% 69.67% 76.84% $50.27 $54.54
EOS $2.64 -1.02% 78.72% 95.44% $2.87 $3.06
Binance Coin $15.26 0.78% 69.38% 78.61% $16.81 $18.11
Bitcoin SV $99.15 0.98% 80.28% 111.20% $108.70 $113.01
Stellar $0.055 -0.39% 87.75% 99.70% $0.061 $0.064
TRON $0.015 -4.57% 78.52% 103.59% $0.016 $0.017

Top Stories

  • New York Department of Financial Services said in a press release that it approved SoFi Digital Assets, granting it a money transmission license as well as the virtual currency license.  ( X)
  • Swiss crypto investment product provider Amun says it has received significant institutional interest in its exchange-traded product tied to the Binance Coin exchange token. ( X)
  • China’s Internet firewall has blocked access to Ethereum block explorer ( X)
  • State Street has taken a new direction with its blockchain strategy and cut scores of developer jobs in the process, with focus now more on digital assets such as tokenized stocks and bonds rather than work of re-plumbing front to back office with distributed ledger technology. ( X)
  • Portag3 Ventures, a Canadian venture capital firm, has closed a second fund with around $320 million to invest in fintech startup companies globally. ( X)
  • Asset management firm WisdomTree Investments launches physically-backed bitcoin ETP. ( X)
  • Juventus Football Club creates own crypto token that gives voting power to its over 400 million fans, partnering with blockchain startup for the token $JUV. ( X)
  • Binance adding support for tezos token staking. Binance said it will not charge any fee for the staking service. ( X)

Upcoming Events

  • Dec 7: Ethereum Istanbul Mainnet Activation proposed date
  • Dec 9: Bakkt Bitcoin options contract launch
  • Dec 10: Bitmain Antminer S17+ and T17+ models to be shipped 
  • Dec 27: CME Dec 2019 contract last trade date
  • Jan 1: Augur v1 cutoff
  • Jan 3: Ethereum 2.0 Launch (Phase Zero)
  • Jan 31: CME Jan 2019 contract last trade date
  • Feb 28: CME Feb 2019 contract last trade date
  • Mar 27: CME Mar 2019 contract last trade date
  • Mar 31: Mt. Gox submission deadline for claims
  • April 2020: Bitcoin Cash Halving
  • May 14: Bitcoin Halving
  • Nov 2020: ZCash Halving / Founders’ Reward set to expire



BTC Longs-Shorts

ETH Longs-Shorts

Market Cap Return

Sector Return

Bitmex Perp Swap Daily Funding Rate

Bitmex Perp Swap Funding Rate MA Ribbon

Tether Marketcap


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Twitter Daily  Discussions Happening Today on Twitter


Very slow day at CME yesterday - record was reached on the 27th of June this year with $1.73bln trading / 26x yesterday's volume

( X)
Michel Rauchs @mrauchs

In case you were wondering about the real inflation that directly affects Average Joe‘s pocket.

John Paul Koning @jp_koning

I didn't know that Shadowstats had a competitor. Anyone hear of the Chapwood Index? It clocks 2019 inflation at 8% to 12%. Chapwood uses "the unadjusted actual cost" of the "top 500 items on which Americans spend their after-tax dollars."

( X)


Bitcoin isn't getting any less volatile,...and liquidity is stagnant. #CoinDeskResearch data via @intotheblock

( X)
TokenAnalyst @thetokenanalyst

24H BTC on-chain flows:
#binance $39M in | $58M out
#bitmex $10M in | $8M out
#bitfinex $14M in | $14M out
#bitstamp $16M in | $16M out
#bittrex $2M in | $3M out
#okex $20M in | $18M out
#kraken $21M in | $35M out
#huobi $57M in | $48M out
( X)

This article just published by (CCP's official media) seems pretty amazing to me: it discussed a few scenarios of how blockchain was used in people's daily life. (Google Translate is good)…

A few things discussed in the article: 1. Fruits of which the entire growth process/supply chain is stored on blockchain and can be accessed by scanning QR code; 2. Media content of which the IPs are stored on blockchain- notaries and courts can check if the IPs are infringed
( X)

I did the math again: 64-96 hours and we should be out of this chop. If you are taking leverage positions here you are kinda very a tiny bit stupid, good luck

The EW Guy@TheEWGuy


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