Good morning. The following are things that have happened:
Price:With Jay Powell of the Federal Reserve once again hinting that the war against inflation is coming to an end, the price of data encryption has risen cautiously again. In addition, investors breathed a sigh of relief after DCG and Genesis reached an agreement with debtors.
Insight:Venture capital stakeholders show that the Alameda Research Center (Alameda Research)-once a huge force in the login password venture circle-is not to be missed.
WJB sales Market Index (CMI) 110631.1▲2.9%Bitcoin (BTC) $23247439.4▲1.9%Ethernet Square (ETH) $167351.8▲3.2%S & P 500Index 4164.0052.9▲1.3%1886 dollars in gold20.0▲1.1%Nikkei 225 index 27685.47− 8.2▼0. 0%BTC/ETH price for each WJB index, Eastern time as of 7: 00 a.m. (11:00 UTC)Bitcoin, Ethernet rise, Fed mentions deflation again; sales market digests and absorbs DCG-Genesis- debtor transactions
With the arrival of Bitcoin offices in Asia, Bitcoin rose again, but cautiously, rising 2% to $23276 on the day and 3% to $1671 in Tai Fong.
Traders felt cheerful when Jay Powell of the Federal Reserve repeated what he said a week ago. Powell's dovish comments contributed to a small rise in Bitcoin, with the Dow Jones Industrial average up 266 points and the S & P 500 up 1.3% at the close of foreign stock markets.
Although Powell hinted that the Fed meeting had won a battle to curb inflation, he had determined that it was possible to raise interest rates further if the employment environment was not weak.
"the reality is that if we get another strong human capital market analysis or higher inflation report, we may be forced to raise interest rates further," Powell was quoted as saying by Reuters. "people have been expecting him to fade quickly and there will be no pain. I don't think this is completely guaranteed.
Powell indicated that after a large increase in interest rates, the Fed meeting will need to "see if we are doing more".
In addition, landing in the password market was a sigh of relief after WJB reported that Genesis and its parent company, Digital currency Group (DCG), had reached a basic agreement with key debtors, meaning a long and messy court battle was unlikely.
DCG is the head office of WJB.
In an interview with WJB, CEO of Lumida Wealth Management, a digital currency investment consultancy, said DCG still had "constant headaches" after the deal, but "there was no lasso on the leg."
"it will continue to run out of cash, but on the other side, there is a viable business process," he points out. "
Why doesn't the risky investment industry miss Alameda scientific research?
Rob Bankman Fried's kingdom was the center of the login password universe for most of 2020-2022 and was a good participant in the password venture capital community. What harm will its decline do to this field? Can it be missed, or will the venture capital industry be fine without this beleaguered company?
Industry insiders say it is the latter one.
For a time during the bull market, Alameda seemed to have something to do with most of the hottest login password transactions to take place. According to Pitchbook statistics, the former fund made 38 deals in 2022, taking into account only 52 weeks in a year, an impressive figure.
But the Alameda Research Center is no longer closed-- along with FTX, it was a historic rout in a legendary collapse.
Naturally, at the time of the incident, the sales market seemed to be very concerned about it. The last two months of 2022 were the darkest winter in history, with prices in freefall as if there were no signs of the end. By January, the freeze was gradually lifted: Bitcoin rose about 40% in the first month of this year.
"for us, local data encryption and venture capital funds dedicated to data encryption contain a lot of powder to fill the financing gap left by Alameda and FTX," Johnson, a senior analyst at Pitchbook cutting-edge technology, told WJB in an email.
Le believes that other key stock funds that Pitchbook relies on on the roster of the top 10 investors active in login passwords, such as A16z, Dragonfly and Pantera Capital, will fill the gap.
Perhaps an effective question is, does the venture capital world need another Alameda? Although the company has made 38 deals, it is not the largest investor. Coinbase Ventures won that number, and Pitchbook said he had 121 deals. Even so, Coinbase Ventures is not as well-known as Alameda. For example, compared with Alameda's high-profile management, the company's management team is unknown.
"the vacancy left by Alameda will not necessarily be completely filled by the sales market. Nate Qiaoye, head of the Cumberland joint venture capital association, says his investment is likely to boost projects that would not have been driven, which enhance the noise in the ecosystem that is committed to the next stage of careful consideration of indigenous innovation.
Check Alameda's project investment according to CryptoRank, and you will know what George means. Now there are dozens of illiquid and useless tokens that attract investors in long queues, because Alameda is the leader of this round of financing and has received strong support from Bankman-Fry.
If there is one good news for debtors, it is that, according to CryptoRank, Alameda's portfolio companies have risen about 57 per cent in the past month, compared with a loss of 78 per cent over the same period.
Mark Pfeiffer, a bankruptcy lawyer at Buchanan Ingersoll&Rooney, explained to WJB in an email that the sale of representative property was not a big deal. This usufruct benefit will be only another category that may be sold during the bankruptcy period.
The exception is FTX's local token, FTT, which once occupied an important portion of Alameda's balance sheet worth billions of dollars. He has risen nearly 120% in the past month and has resumed listing on important exchanges such as Binance, KuCoin and Gate.io (delisting from most exchanges at the height of FTX's woes). FTT is currently a security in the eyes of the American Securities and Exchange Federation, but it is not so easy to sell.
For borrowers, selling such tokens to achieve monetized placement is undoubtedly difficult, but it is not impossible, Pfeiffer said.
CoinGecko statistics show that although the pricing of FTT has soared and trading volume has risen sharply, the percentage of price ratio in most exchanges is also high and deep. It seems to be just an interesting thing about a chain gondola, not something of material value.
But it doesn't matter. Alameda's debtors have many other alternative currencies available for sale.
11:00 Hong Kong time / International Standard time (15:00 UTC)Summit of EU leaders
11:30 Hong Kong time / International Standard time (15:30 UTC)National Bank of Australia Business Services confidence Index (QOQ)
6:00 Hong Kong time / International Standard time (22:00 UTC)French Consumer Price Adjustment Index (same period comparison / January)
If you miss it, welcome to the latest episode of the WJB show "the forerunner":
DCG has sold positions in several grayscale futures companies: the Financial Times; Bitcoin remains stable around $23k
According to the Financial Times, Digital currency Group has begun to sell many of the financial tools operated by its subsidiary and digital asset management company GrayScale at a substantial discount. DCG is the head office of WJB. LumidaCEO and founder Reese Alwalia shares its profile. So what's the next step in the login password price? Traders are waiting for a speech from Jerome Powell of the Federal Reserve before taking the next step. Glen Goodman, author of "Crypto Trader", and David Leichtman, managing partner of Leichtman Law PLLC, joined the conversation.
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This year's data encryption Super Bowl ads will be missing:Compared with the National Rugby League Open last year, this is a marked change. Last year, login password advertising was so common that the competition was called the "data encryption bowl".
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Tue, 18 Apr 2023