Efficient Frontier
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Efficient Frontier

The growing power of the crypto financial system

How much money has crypto moved in 2021?

Moving money like a pro

The hedge of DeFi and economic freedom

Market wrap

Gray-Silvergate bank, Red-Microstrategy, Orange-Bitcoin. Source:TradingView
  • Houbi exchange announced it will close mainland China based trading accounts
  • Avoiding the mining ban in July, Ethereum’s China based second and fourth largest mining pool shut down.
  • Coingecko, CoinMarketCap and TradingView are reportedly blocked in mainland China
  • Alibaba announces it will block sales of mining equipment, after a reported surge in retail purchases.
Bitcoin futures and perpetual contract liquidations. Source:Bybt
Funding rate for perpetual Bitcoin contracts. Source:CryptoQuant
Strong rebound of Bitcoin’s hashrate after Chinese mining ban in July. Source:Glassnode
Bitcoin options traders are looking smart: the put/call peaked on April 14, with Bitcoin’s price ($64,829), and has been trending lower ever since.
Ringers #109 is this week’s highest selling NFT, going for 2,100 ETH. Global NFTs volume in the last month was $3.4 billion

News & links

  1. Laos, China’s tiny neighbor with energy surplus, legalizes mining and trading of cryptocurrency
  2. FTX headquarters move to the Bahamas following regulation
  3. Steve Cohen, Billionaire investor and owner of the New York Mets, invests in crypto quant trading firm
  4. Ethereum developer pleads guilty for advocating cryptocurrency usage in North Korea
  5. US Justice Department has launched a National Cryptocurrency Enforcement Team, targeting money laundering

Team Update

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With over 12 years of high frequency and algorithmic trading experience, our technology powers weekly over $1 Billion of trade. We’re passionate about digital assets and our mission is to bring professional, trusted technology that adds value to the industry and the markets.

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