The Macro:

This week’s major crypto events:

· Telegram agreed to pay $18.5m in penalties in a settlement agreement with the sec over their failed ton project, which was supposed to launch last October

· Rumors of a possible crypto integration with paypal which would allow its users to directly purchase cryptocurrencies sent social media into a frenzy, however, paypal has yet to confirm anything

This week’s major legacy events:

· U.s. treasury secretary, Steve Mnuchin and federal reserve chairman, Jerome Powell will make separate speeches on Tuesday, speaking about current economic policies, including the proposed second stimulus bill

U.s. unemployment numbers…

The Macro

This week’s major crypto events:

• Starting in July, the bank of Thailand will launch a pilot program to test its CBDC payment system with large businesses.
• Compound launched its governance token, COMP, which set off a mad dash to ‘farm’ yield, sending the token up more than 500% in just a couple of days.

This week’s major legacy events:

• U.S. GDP figures are to be released early Thursday morning, with expectations of a 5% drop as COVID-19 forced most of the country to shut down in the first quarter of the year.
• New Zealand, one of the least affected countries…

The Macro

This week’s major crypto events:

· Belarus will begin a pilot program running from January 1, 2021 to January 1, 2024 to allow commercial and state-owned banks to issue digital tokens

· India’s Ministry of Finance has proposed a new blanket law that would outlaw cryptocurrency mining, holding, and transacting within its territory

This week’s major legacy events:

· The Bank of Japan will announce its interest rate decision on Monday, with expectations to hold rates in the negative territory at -0.1%

U.S. Fed Chairman Jerome Powell will testify before Congress on Tuesday, providing a broad overview of the economy…

The Macro

This week’s major crypto events:

· Bitcoin Core released its 20th iteration on Wednesday which featured the “Asmap” software. This is intended to protect the network against a theoretical “Erebus” attack.

· Coinbase confirmed that it is looking to sell its chain analysis services to the DEA and IRS, which would greatly improve their surveillance of all transactions across publicly accessible blockchains

This week’s major legacy events:

· The Federal Reserve is expected to hold interest rates at 0.25% this Wednesday. …

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Macro

This week’s major crypto events:

· BitClave, an ICO that raised money back in 2017 was ordered by the SEC on Thursday to return the $25mn that they raised from investors

· South Korea announced that it plans to make amendments to its income tax code to include profitable crypto-to-fiat transactions, as well as profits from ICO’s, which have been banned up to this date

This week’s major legacy events:

· The EU and Great Britain are set to announce their quarterly GDP figures on Tuesday which are expected to take a nosedive by 3.8% and 5.8%, respectively

· The Fed is expected to hold interest rates at 0.25% this…

Macro

This week’s major crypto events:

· A dormant mining wallet from Feb 2009 made a transfer of 50 BTC over the network, sparking a sharp sell-off and rabid speculation of who was moving the coins and if it was the first of many

· DeFi suffered another setback as crypto lender Blockfi announced they experienced a data breach that compromised users’ account activity and sensitive personal information

This week’s major legacy events:

· The Bank of Canada is due to announce their interest rate decision on Wednesday morning, with expectations that they will hold rates at 0.25%

· Traders will be on high alert as the monthly U.S. Nonfarm Payrolls…

Macro

This week’s major crypto events:

· Visa filed a patent application for a process for turning physical fiat currency into a newly digitized version.

· Bitcoin options volume on CME broke all-time highs in the week leading up to the halving, recording its first day over $40mn in volume

This week’s major legacy events:

· Federal Reserve Chairman Jerome Powell testifies in front of the Senate Banking Committee on Thursday afternoon

· Japan set to report Q1 2020 GDP — expected to show negative GDP growth as low as -5%