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 Etherscan.io. ( 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 Socios.com 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

Charts

 

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


Source: www.skew.com

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Twitter Daily  Discussions Happening Today on Twitter

skew@skewdotcom

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%. chapwoodindex.com/solution/ Chapwood uses "the unadjusted actual cost" of the "top 500 items on which Americans spend their after-tax dollars."


( X)

CoinDesk@coindesk

Bitcoin isn't getting any less volatile,...and liquidity is stagnant. ow.ly/klz350xqKv9 #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 people.com.cn (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) capital.people.com.cn/n1/2019/1204/c…

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
READ MORE
( 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

$BTC, CME.

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This update is provided for information purposes only and does not bind GSG Asset Management or any of its affiliates in any way. It is not, and is not intended to be, a/an: (1) “research report”, “investment research” or “independent research” as may be defined in applicable laws and regulations worldwide; (2) offer to sell, a solicitation of an offer to buy, or a recommendation for any digital asset by GSG Asset Management or any third party; or (3) official confirmation or official valuation of any transaction or asset mentioned herein. All information in this update is provided in good faith, however we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness or any information in this update.  To the extent that any of the content published in this update may be deemed to be investment advice or recommendation in connection with a particular digital asset, such information is impersonal and not tailored to the investment needs of any specific person. Any pricing information is indicative only, and does not reflect a level where GSG Asset Management is prepared to execute a trade. You understand that an investment in any digital asset is subject to a number of risks, and that discussions of any digital assets in this update will not contain an exhaustive list or description of the relevant risk factors. GSG Asset Management is not an advisor, and nothing in this update should be construed as investment, tax, legal, accounting, regulatory or other advice, or as creating a fiduciary relationship.  You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation. All market prices, data, and other information (including that which may be derived from third party sources believed to be reliable) are not warranted as to completeness or accuracy, and are subject to change without notice.  This update may contain links to other websites or content belonging to or originating from third parties or links to websites, and social media accounts/post (or screenshots thereof) and features in banners or other advertising.  Such external links are not investigate, monitored, or checked for accuracy, adequacy, validity, reliability, availability or completeness by us. The information and views set out in this update are those of the author(s) and do not necessarily reflect the official opinion of GSG Asset Management. Neither GSG Asset Management nor any person acting on its behalf may be held responsible for the use which may be made of the information contained therein. WE DO NOT WARRANT, ENDORSE, GURANTEE, OR ASSUME RESPONSBILITY FOR THE ACCURACY OR RELIABILITY OF ANY THIRD PARTY INFORMATION CONTAINED IN THE UPDATE, INCLUDING ANY INFORMATION OFFERED BY THIRD-PARTY WEBSITES OR SOCIAL MEDIA ACCOUNTS/POSTS LINKED THROUGH OR SHOWN IN THE UPDATE OR IN ANY BANNER OR OTHER ADVERISING CONTAINED IN THE UPDATE.   All content in the update is presented only as of the date published or indicated, and may be superseded by subsequent market events or for other reasons.  UNDER NO CIRCUMSTANCES SHALL GSG ASSET MANAGEMENT HAVE ANY LIABILITY TO YOU FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THIS UPDATE OR ANY INFORMATION CONTAINED HEREIN OR RELIANCE ON ANY INFORMATION PROVIDED IN THIS UPDATE.  YOUR USE OF THE UPDATE AND YOUR RELIANCE ON ANY INFORMATION IN THE UPDATE IS SOLEY AT YOUR OWN RISK.






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