Head of Ecosystem Research @0xMantle
Ex-Head of Research @TheSpartanGroup (Labs);
Ex-Head of Crypto Insights @Bybit_Official;
Crypto Journalist @techinasia
Mar 6, 2023 • 23 tweets • 14 min read
🧵 A thread on the key crypto catalysts to look out for in the month of March
👀Macroeconomic-catalysts:
- March 14 and March 22 will be key dates to watch, as Feb's CPI data & the Fed's subsequent decision on said data will be divulged respectively.
- If Feb's CPI reveals...
1/
rising inflation, Mar22 may see the Fed initiating a rate hike that'll put pressure on risk assets like crypto
- Viewed in tandem with rising bond yields (that crypto's fortunes are inversely related to), said risk assets may be further deprioritized by market-participants
#luna1/ The story begins - believe it or not - with $DAI, and how it maintains its peg.
As a stablecoin backed by collateralized debt positions, the outstanding loans within DAI’s economy play an important role with regard to DAI’s ability to maintain its peg.