Weekly Digital Asset Updates from IDEG - Wednesday, June 8, 2022 Executive Summary Bitcoin prices are at a ‘make-or-break’ level whereas a close above $32k can open the upside towards $36k while the next break below $29k might open the downside back towards $26k; implied vol is cheap But with futures (short)…

Weekly Digital Asset Updates from IDEG -18th May Executive Summary Ethereum is sitting at the 2,000-support level, previously during the summer of 2021, this was an attractive level to buy US economic data continues to weaken, and companies are indicating that they are currently overstaffed (Walmart, Amazon) — there is a possibility…

Dear Reader, Extreme market volatility returned to the crypto markets this week as the market saw a fundamental pillar of algorithmic stable coins, UST/Luna, owned by TerraLabs, de-pegged and unwound as investors fled the protocol. The unwinding caused over US$50bn in wealth destruction, and the speed of the stablecoin bank run…

Digital Asset Updates from IDEG — Luna Implosion brought back Ethereum to summer 2021 levels We see the Luna / UST stablecoin implosion as an idiosyncratic event that has tested the crypto industry in the short term but has limited implications beyond the next few weeks. …