Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for June 26 - July 2, 2023.

Weekly Crypto Digest for June 26 - July 2, 2023.

Monday, July 03, 2023

MicroStrategy Acquires 12,333 BTC, US Presidential Candidate Commits to Bitcoin, US court orders Kraken to hand over customer tax information, Binance considers the UAE a "key hub" for the crypto industry.

MicroStrategy Acquires 12,333 BTC for $347M

From April 29 to June 27, analytics software provider MicroStrategy purchased an additional 12,333 BTC worth $347 million at an average price of $28,136.
MicroStrategy currently owns 152,333 BTC worth approximately $4.52 billion at $29,668.

Experts estimate the income of airdrop hunters

The average revenue for a standard airdrop hunter was $9384 per address (median $6497). According to a joint study by X-explore and journalist Colin Wu, the premium segment has corresponding figures of $18,935 and $14,288.
Experts noted that after the Uniswap airdrop in 2020, the strategy of rewarding early adopters with tokens gained popularity in the Web3 industry.

US Presidential Candidate Kennedy Expresses Commitment to Bitcoin

The nephew of the 35th President of the United States and a participant in the current election race, Robert Francis Kennedy Jr., promised to defend the right of citizens to freely own and use the first cryptocurrency.
“As president, I will make sure that your right to use and hold Bitcoin is inviolable. Bitcoin is not only a bulwark against totalitarianism and the manipulation of our money supply, it points the way towards a future in which government institutions are more transparent and more democratic.”
Kennedy wants not only to legalize digital gold but also to introduce it into the daily lives of US citizens. Earlier, he promised to make decisions that support Bitcoin and freedom of transactions, allowing people to manage their wallets, nodes, and passwords.

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

Binance considers the UAE a "key hub" for the crypto industry

According to Alex Chehade, the Binance crypto exchange sees the UAE as a “key point” for its business.
“Binance identified that the senior leadership of the UAE wanted to establish the region as a focal point for Web3. They’re trying to diversify away from fossil fuels and they see [crypto] as a great driver for doing so,” said Chehade.
The UAE Virtual Assets Regulatory Authority (VARA) is a key driver of interest in new technologies in the region, a company executive said.
He also drew attention to the large influx of young professionals and investors into the country. In his opinion, this could speed up the adoption of digital assets in the jurisdiction.
The UAE occupies a leading position in the percentage of citizens owning cryptocurrencies - 27.6%.

US court orders Kraken to hand over customer tax information

The District Court for the Northern District of California has ordered cryptocurrency exchange Kraken to provide the IRS with customer information.
The platform must disclose the names, dates of birth, actual addresses, phone numbers, and Tax IDs of users who have transacted more than $20,000 in a calendar year.

A Comprehensive Guide to Investing in Cryptocurrencies

Yellow Capital composed a comprehensive guide to master cryptocurrency investments. Learn tips and best practices to navigate the crypto market and maximize your returns in our latest blog post.

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.