Yellow Capital Blog/Weekly Crypto Digest/Weekly Crypto Digest for October 09 - 15, 2023.

Weekly Crypto Digest for October 09 - 15, 2023.

Monday, October 16, 2023

Fidelity named Bitcoin the safest digital asset, US inflation slowdown stalled, Bloomberg predicts a 90% probability of Bitcoin ETF approval and more news.

Fidelity named Bitcoin the safest digital asset

In a recently published report from investment firm Fidelity, the authors urge investors to evaluate Bitcoin separately from other crypto assets.
In particular, we can highlight the following main points from this material:
- Bitcoin is an asset that allows you to store value in a dynamic world;
- it is the most secure, reliable, and decentralized form of electronic money. Any “improvement” of it will involve certain compromises;
- this does not mean that other crypto-assets are not needed. They are aimed at solving other problems;
-Bitcoin cannot be valued in the same way as other assets, which investors should consider when assessing risks.
Fidelity calls Bitcoin a potential new global monetary commodity. However, according to the report, the chances that it will be surpassed by another crypto asset are quite low.
The authors cite the Lindy effect as confirmation of the reliability of the ecosystem. According to him, the expected “life expectancy” of individual technologies is directly proportional to their current “age”.
According to Fidelity analysts, Bitcoin has already successfully overcome many shocks.

The US inflation slowdown stalled

Consumer price growth in the US in annual terms amounted to 3.7% in September, the same as a month earlier, which turned out to be higher than the forecast of 3.6%. On a monthly basis, prices rose by 0.4% - worse than economists' expectations (0.3%) and against 0.6% a month earlier.
The growth in core inflation, which does not take into account food and energy prices, amounted to 4.1% on an annual basis and 0.3% on a monthly basis. The previous figure was 4.3% and 0.3%, respectively.
Analysts predicted figures at 4.1% y/y and 0.3% m/m.
CPI excluding rents and energy rose by the highest since the beginning of the year 0.6% m/m. Previously, the Federal Reserve indicated that monetary authorities would be guided by price dynamics in the services sector.

Bloomberg analysts predict a 90% probability of Bitcoin ETF approval

Following notable changes to the ARK 21Shares Spot Bitcoin ETF application, Bloomberg ETF analysts James Seyffarth and Eric Balchunas predicted that the US Securities and Exchange Commission (SEC) could approve the fund as early as next year.
In a post published on his platform X (formerly Twitter), Seyffart highlighted his team's forecast of a 90% chance that a spot Bitcoin ETF will be approved by Ark Invest's January 10 deadline. January 10 is the day the SEC expects, will make the final decision (approval or refusal) on ARK Invest’s application for a spot Bitcoin ETF.

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

The Solana Foundation offered a $400,000 reward for finding a bug in the blockchain code

Jacob Creech, head of developer relations for the Solana Foundation, announced the new award. Those users who can “disable” the blockchain in the source code will receive $400,000.
Note that this is not the only reward under the project’s bug bounty program. Others can be viewed on Solana's GitHub. They provide for payments ranging from $5,000 to $2 million.
Notably, all rewards are awarded in locked SOL tokens for the corresponding amount. You can use the funds only after a year.

Real USD has lost its peg. The stablecoin rate fell by 50%

The real estate-backed stablecoin Real USD (USDR) has lost its peg. The asset price dropped by 50%.
Before the incident, the capitalization of the coin issued by TangibleDAO was about $45 million, and the rate was kept at the target level. However, on Wednesday, October 11, the USDR suddenly fell in price by about half.
The stablecoin was backed mainly by illiquid assets such as real estate and, to a somewhat lesser extent, by the “stablecoin” DAI.
At the same time, on October 11, an unknown trader exchanged $131,350 in the coin for less than 0.0001 USDC against the backdrop of the Real USD (USDR) stablecoin losing its peg.
On top of that, he paid a transaction fee of 0.0012 BNB ($0.25).

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.