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Mar 22 • 12 tweets • 4 min read
Wednesday Top Crypto News

Everything you need to know in one short thread…
In case you missed it, check out yesterdays thread on crypto market microstructure 👇🏼
Onto the news…In an interview with Bloomberg, Cathie Wood said the current banking crisis, which will only “attract more institutions” to the #BTC market over time.
She added “The fact that Bitcoin moved in a very different way from the equity markets, in particular, was quite instructive”
.#Circle has applied for a work permit in #France.
Republican Senator Ted Cruz has introduced a bill to block the United States Federal Reserve from launching a “direct-to-consumer” central bank digital currency (#CBDC).
Cruz said he introduced the bill to prevent the Fed from developing a retail CBDC “which could be used as a financial surveillance tool by the federal government.”
.#Sony has filed a patent for a technology that allows #NFT to be transferred between games and consoles
In the macro space, UK #CPI data surprised to the upside this morning. The year-on-year measure posted at 10.4% vs 9.9% expected.
.#FOMC decision comes tonight. Bloomberg consensus expects a 25bps hike.
Watch out for our new macro thread coming today. QE or Not QE? 👀
Crypto majors open at the following levels. #BTC 28,260 #ETH 1,800. Have a great day.

And maybe see some of you at #ParisBlockchainWeek today/tomorrow.

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More from @LDNCryptoClub

LondonCryptoClub Profile picture
Mar 22
💀 QE or Not QE, that is the question

Lots of questions on whether recent Fed actions are QE or a “real” liquidity injection and what’s the transmission to risk

TLDR: It’s not QE but it is a real liquidity injection which pushes investors into risk assets

A Thread🧵

1/n
First point. Mechanistically, it’s not QE

QE is effectively an asset swap - bank reserves in return for treasuries - with a monetary policy objective (to lower interest rates across the yield curve)

2/n
The BTFP and discount windows which were tapped for 300bn last week are short term loans which banks pay to access for liquidity

However, this is a real liquidity injection which can push investors further out the “risk curve” in a similar way to QE

Let’s explain how👇

3/n
Read 9 tweets
LondonCryptoClub Profile picture
Mar 21
Market microstructure is so important in trading.

Here’s some brilliant analysis from Kaiko that I’ve summarised.

A must read thread for crypto traders. 👇🏼
Volumes - Amid last weeks broad market rally, #Crypto trade volumes reached their highest level since the FTX collapse.
On 14 March, trade volumes on the 18 most liquid centralised exchanges rose to $51bn, hitting 4-month highs.
Read 14 tweets
LondonCryptoClub Profile picture
Mar 21
Tuesday Top Crypto News.

Everything you need to know in one short thread…
According to the Wall Street Journal (#WSJ) Coinbase Global (#COIN) told clients on Monday it’s no longer supporting #Signet, the real-time payments network of failed #SignatureBank.
The #Crypto #Fear and #Greed Index has hit its highest index score this year, reaching levels not seen since #Bitcoin posted its all-time high in November 2021.
Read 10 tweets
LondonCryptoClub Profile picture
Mar 20
Monday Top Crypto News.

Everything you need to know in one short thread…
The new episode of our newsletter was released last night, which includes our take on the current #macro environment.

Read it and sign up here

londoncryptoclub.substack.com/p/connecting-t…
Signature Bank’s crypto-related deposits will be returned to customers directly, rather than being taken over by a unit of #NewYork Community #Bancorp under a deal announced Sunday.
Read 10 tweets

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