Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for July 3 - July 9, 2023.

Weekly Crypto Digest for July 3 - July 9, 2023.

Monday, July 10, 2023

In this issue of Weekly Crypto Digest Bitcoin hit an annual high, Repeat applications for Bitcoin ETF, Bitcoin lost correlation with the US stock market, BlackRock CEO Calls Bitcoin an 'International Asset' and more news.

Bitcoin hit an annual high

This week, the price of the first cryptocurrency rose above $31,000 and updated the annual maximum. On the evening of July 6, the asset quotes fell below $30,000, breaking through the psychological support level.

Repeat applications for Bitcoin ETF

Less than a week after the SEC's response to the Bitcoin ETF, many companies have filed re-bids in response to the SEC's comments.
Nasdaq resubmitted for iShares Bitcoin Trust, Spot Bitcoin ETF BlackRock. Shared supervision agreement (SSA) with Coinbase;
Cboe re-bid for Spot Bitcoin ETFs from Fidelity, WisdomTree, VanEck, ARK Invest, Galaxy/Invesco, including a "shared supervision agreement" (SSA) also with Coinbase;
Brokerage Bernstein believes that the SEC's stance on Spot Bitcoin ETFs is likely to change, and the likelihood of approval is now quite high.

The CEO of Binance Changpeng Zhao hosted an AMA session on Twitter. The most essential theses

Changpeng Zhao (CZ) CEO of Binance

- Regarding the litigation with the SEC - CZ cannot yet disclose details the parties are still in search of a solution;
- Binance supports not only the BNB network but also other blockchains and projects, including BTC, ETH, etc.;
- Binance and traditional asset management companies applying for ETFs are not competitors. Applications for Bitcoin ETFs do not pose a threat to decentralization;
- CZ also answered questions about the upcoming bull market, he is not sure if historical patterns will repeat this time as "no one can predict the market". Also, the head of Binance added that the market is at an early stage and will only grow in the future;
- The main thing that Binance pays attention to before listing is that the project has a real user base.

Drive organic growth for your tokens with Yellow Capital's Crypto Market Making services.

Our team of experts specializes in creating a sustainable and profitable crypto market for your tokens through our proven strategies including crypto market makingalgorithmic trading, liquidity provision, token growth, and crypto exchange listing.

Yellow's algorithmic trading infrastructure can connect to over 100 exchanges, and our constantly evolving architecture is compatible with all major Blockchain protocols.

Schedule a Call now with Yellow Capital

BlackRock CEO Calls Bitcoin an 'International Asset'

The head of the financial giant BlackRock, Larry Fink, said investors could buy Bitcoin to hedge against inflation instead of precious metals.

Bitcoin lost correlation with the US stock market

Bitcoin correlation with US stock market

The 90-day moving average of Bitcoin's correlation coefficient with the traditional US stock market indices - S&P 500 and Nasdaq - has dropped to almost zero. Block Scholes analysts reported this.
This situation means that crypto traders who rely solely on traditional market sentiment and macroeconomic events may face a discrepancy in their forecasts.

Hong Kong called for the release of a rival USDT and USDC

The Hong Kong government has proposed issuing its own "stablecoin" HKDG, backed by the jurisdiction's foreign exchange reserves, to compete with existing industry giants USDT and USDC.
The paper highlights the importance of stablecoins as a bridge between traditional finance and the digital economy. The government recognizes the potential risks, but the risk of government stablecoin is still lower than that of assets from private companies.

customer1 png

Hi, I am Alexis Yellow

Chairman of Yellow Capital

Are you ready for a wild career transition? I went from launching rockets into outer space at the European Space Center to helping Token Issuers launch their Crypto Projects!

Yellow Capital provides advisory services, strategic investments, and prime crypto market making.

Join me on this journey as I share my experiences and expertise in the crypto world, and maybe we'll even launch a few successful projects together!

1 png


Private Rounds

- Early stage pre-listing
- Investment and Incubation

Market Making

Token Issuers

- We are Prime Market Makers for the projects we invest into.

Increase Your Cash Flow

Listed Tokens

- We buy up to $5,000,000

Exclusive For the Projects We Invest In

Get Free Market Making

Our investment strategy involves providing deep liquidity crypto market making to the projects we invest in. This approach allows us to ensure continuous and substantial liquidity in exchanges. By doing so, we aim to increase market efficiency and reduce price volatility. We help to stabilize prices and reduce the bid-ask spread, which can lower transaction costs for traders. This usually attracts more traders to the markets, by making it easier and less risky to trade your token which can help to increase the overall liquidity and trading volumes both for the benefit of traders and issuers. However, we recognize that providing liquidity also comes with potential risks, which we carefully evaluate and manage as part of our investment decision-making process.