Venture market update | 01.03.23
? Market context: BTC stays rooted near the $23.5K threshold. ETH and many othercryptos trade flat after the release of the higher-than-expected PCE data. Markets’ interest in liquid staking derivatives soars ahead of Ethereum’s upcoming Shanghai upgrade. Banks across the globe lowered their exposure to crypto by 43.6% over the past year.
? Venture market: Venture capital and other investments into crypto companies plunged 91% year over year in January, nevertheless February kickstarted with Blockchain Founders Fund raising $75M, Web3 social startup Towns raising $25.5M led by a16z, Affine Protocol raising $5.1M,

?Exploring crypto: NFTs, what are ordinals? Since their introduction, Ordinals have been a huge hit, bringing thousands of new users to the Bitcoin blockchain. Evidence of this is in the fact that non-zero Bitcoin addresses touched a record 44 million on Feb 14. What are ordinals and how do they differ from NFTs?
All this and more in our Venture journal ?

Check out our weekly Market Update! | 27.02.23

?Weekly upport and resistance
What is the technical picture for S&P500 and BTC

?Bond market in February
What happened in bond market and why is it important?

?CPI dynamics
Do the real inflation numbers differ from market expectations?

?FED rate expectations
How did expectations change and what does it mean for the crypt?

⚙️GotBit strategy
What are we doing and what is our strategy in the current conditions?

? Read full report to get more details!

? Don't forget about our Calendar of events to be sure you don't miss any major news

Venture market update | 22.02.23
? Market context: Crypto markets were trading in the red on Wednesday, ahead of the release of the FOMC minutes later in the day. Number of BTC whales hit its lowest level since August 2019. Crypto layoffs already affected 2,806 employees in January alone.
? Venture market: An overview of the wallets of the greatest VCs and the upcoming AI rally. Kaito AI raises $5.3M to build ChatGPT-powered search engine for crypto. IMGNAI attempts to raise $7.5M. YGG raises $75M venture fund to double down on web3 gaming. Polychain leads ZK chip startup Cysic's $6M raise.

?Exploring crypto: CBDCs. At least 114 central banks — representing 58% of all countries, which generate 95% of global GDP — are now exploring central bank digital currencies. An overview of what on earth CBDCs are, what are their pros and cons, and which countries have started implementation.
All this and more in our Venture journal ?

Venture market update | 15.02.23
? Market context: BTC climbed above $22,000 despite January U.S. CPI data, which rose more than expected, being a potentially negative sign of what’s in store for risk assets as the Fed tries to tame inflation. NYDFS ordered Paxos to stop minting new BUSD tokens. Coinbase launches a defense of its staking services.
? Venture market: Tron launches a $100M AI development fund, Uniswap vote on BNB deployment ends with A16Z on losing side, Bain Capital Crypto leads Orb Labs' $4.5M raise, Monad Labs aims to create next ‘Ethereum killer’ after raising $19M.

?Exploring crypto: what’s the point in making new L1s? A quick dive into the system, all it’s motley divergence, how we are moving towards simultaneously reaching scalability, security, and decentralization, and a quick overview of fundraising L1s.
All this and more in our Venture journal ?

Venture market update | 08.02.23
? Market context: BTC is continuing its positive but cautious climb, rising 2% on-day to ~$23,300 as Fed Chair Powell continues to hint that the war on inflation is not nearing its end. DCG and Genesis have reach a deal with creditors. The BoE launched its long-awaited digital pound.
? Venture market: a16z attempts to influence an on-chain vote on Uniswap and backs Arpeggi Labs in an $11M fundraising round, Polychain capital backs decentralized identity network Space ID in a $10M round, Ethereum restaking protocol EigenLayer in process of raising $50M with an equity valuation of $50M.

?Exploring crypto: AI. A broad outlook into what is anticipated to be the new trend in crypto to lead the next bull market cycle. The surge of AI-powered tokens, recent events entailing AI outside of crypto, and an overview of why would AI work well with crypto.

All this and more in our Venture journal ?

Check out our weekly Market Update! | 06.02.23

?Weekly upport and resistance for BTC
Where bulls will buy and bears will sell?/Users/ilya/Downloads/Gotbit_week_06Feb_eng.pdf

?FED 25bp hike
How to interpret this rate decision?

?Components of CPI
What contribution do the various components of inflation make?

?Labor market and FED
Why is the labor market so important for FED?

?Inflation and wages
Why does the future inflation dynamics and monetary policy depends on wages?

?FED and market
Strategy adjustments regarding Fed statements

?What's new in crypto?
BSC and parallel transactions and Djed Stablecoin from Cardano

? Read full report to get more details!

? Don't forget about our Calendar of events to be sure you don't miss any major news

Venture market update | 01.02.23
? Market context: BTC, ETH, BNB MATIC and other cyptos faced declines after a rally last week. Today the market is anticipating another interest rate hike by the Fed, which is scheduled to be at 2:30pm ET. BTC’s mining difficulty, which has hit a new ATH. New crypto regulations are being announced.
? Venture market: Long-term investors continue to see value in the bear market: crypto infrastructure firm Blockstream raises $125M for BTC mining, blockchain security firm Sec3 raises $10M in seed funding, Web3 infrastructure startup Spatial Labs raises $10M.

?Exploring crypto: ZK rollups. A quick dive into what ZK rollups bring to the table and what are their advantages in comparison to optimistic ones, while Polygon announces that the anticipated addition of the zkEVM update to the network is coming «soon».

All this and more in our Venture journal ?

Huge vision from our CEO Alex!

https://twitter.com/AlexAndryunin/status/1620404026054705152

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Labor market needs to be cooled down first, as well as rents and wages, before FED will think of pivoting. It's dangerous to go down to 25bp steps now, as it would be hard to get back to 50bp in the future, when inflation hits it's lower barrier due to…

Check out our weekly Market Update! | 30.01.23

?Why this Wednesday is so importnat?
FED rate hike and forward guidance

?FED Interest Rate Decision
What does the market anticipate?

?25bp or 50bp rate hike
Arguments for 50bp and GotBit projections

?Inflation and employment
What FED is looking at and why it's important for crypto

?Earnings period
How are big companies are doing and what are their projections on the future cash flow?

? Read full report to get more details!

? Don't forget about our Calendar of events to be sure you don't miss any major news

?Welcome to the DeFi recap of the last week of January! This week we've gathered the latest news and launches from the DeFi world, giving you an overview of the industry's progress. Stay tuned for the hottest news from the blockchain world!

DeFi news- AAVE V3 is live on Ethereum, enabling higher capital efficiency
- Index Coop released a diversified staked ETH index
- Gains Network's $100K Trading Contest on Arbitrum is live
- Treasure DAO revealed MagicSwap V2, an upcoming AMM that will support pools for both ERC-20 tokens and NFTS
- dYdX postponed the $180M February token unlock to December
- ParaSwap, a DeFi aggregator, released PSP 2.0, a complete overhaul of PSP tokenomics model

DeFi launches- Cap V4 beta is live. Cap is a perpetual DEX on Arbitrum
- Vela Exchange launched $VELA token on Arbitrum
- Dopex launched Atlantic Insured GMX Perps, enabling GMX trading to buy liquidation protection for leveraged positions
- Spin, a decentralised trading platform, released their DeFi options vaults on Near testnet
- Jones DAO's GLP delta neutral vaults had launched
- Neutra Finance's GLP delta neutral vault is live

Other news- Injective, a Cosmos blockchain built for finance, announced a $150M Ecosystem Fund
- Fantom Network's next major upgrade is Account Abstraction. This will significantly enhance the dApp experience on Fantom
- Ethereum's developers successfully deployed a shadow fork supporting staked ETH withdrawals