Author: Patrick Heusser

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! There has been a substantial amount of news about the DeFi space of late. And there are many interesting articles out there that argue that it is not sustainable. The current cool-off is therefore definitively healthy; it was needed. It will give everyone some time to digest all the information they need to understand and choose the right projects – the ones that are here to stay. Bitcoin Currently, Bitcoin (BTC) seems…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! UNI! What a slick execution of the distribution of their governance token. https://uniswap.org/blog/uni/ The 4 trading pairs used to distribute further UNI tokens for liquidity providers are all Ethereum (ETH) based: ETH/USDT (Ethereum/Tether) ETH/USDC (Ethereum/USD Coin) ETH/DAI (Ethereum/Dai) ETH/WBTC (Ethereum/Wrapped Bitcoin) This was probably the reason for the spike in the price of ETH$ across all centralised trading venues (exchanges). But what it also means is that UNISWAP will suck in…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Our last market commentary was about NexusMutual (insurance). It is a hot topic, and their token (NXM) has been on the move. Before we continue with a new topic today, I would like to mention a new development that is directly related to the NXM price, which corrected back down to $48. We saw it there before its steep increase to $69. In short, SAFE token farming resulted in “fake” coverage buying,…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of Crypto Finance AG Senior Trader Patrick Heusser. Technical Analysis Good Morning! Let’s take look at the charts leaving our emotions out of it… Bitcoin BTC$ (4h) So far so good. The 10.5k level needed a second attempt before we could start trading higher. Many people are looking to short the market in the 11k region, which I too see as the next big resistance. The push…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Since there have been no new bitcoin developments or notable price actions, I will now turn my attention to trying to stay on top of DeFi developments. A few weeks back, I mentioned some of the important aggregators and service providers in the DeFi space, e.g. zapper.fi, yearn.finance, aave.com, MetaMask and nexusmutual.io. I will do my best to update you about the big “lego” building blocks, and what other smaller “lego” blocks…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! I apologise for the late market commentary today, but this yield farming thing (especially the calculation of your actual profit or loss) is pretty damn complicated. This short summary is for everyone who is interested in hearing about my experiences with the Sushi token and its respective trading platform: SushiSwap. My first calculation will be versus ETH and SUSHI, and then I’ll try to make the link to what I actually earned…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! With the DeFi space cooling off a bit and general markets stabilising, I went through some articles I had had no time to read during the crazy hype. One of them is from Haseeb Qureshi. It is about how DeFi cannibalises PoS security. Read the article here. PoS (Proof of Stake) When I look back to roughly 12 months ago, staking and earning a yield was the hot topic. I do not…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of Crypto Finance AG Senior Trader Patrick Heusser. Technical Analysis Good Morning! When the boogyman comes around, it is sensible to zoom out and first take a look at the big picture. Bitcoin BTC$ (weekly) It was a tough week for the bulls. The selling waves kept coming in and pushed the price down by 20%. The weekly chart is still a beauty for the bulls. The…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Another Blood Bath. The major cryptocurrencies are down between 30%-40%, and the smaller coins are down roughly 40%-60%. Liquidations mainly occurred in Ethereum (ETH). It was one of those rare days yesterday where we had (in USD terms) a higher amount of ETH liquidations than in any other currency. OI fell significantly in both ETH and Bitcoin (BTC). DeFi-Sector had to take a hit The DeFi sector was hit hard. It did…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! The volatility monster is back! There are quite a few hot topics on my mind today. Let’s start with the big coins. The big coins A fair share of liquidations have gone through the market over the past 24 hours. The total amount (in USD) was 1.1 billion (BTC, ETH, TRX, EOS, BCH, and LTC). I will admit that this surprised me somewhat. I did not think that the market was that…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! The Ethereum ETH vault has arrived! yearn.finance has launched the ETH (yETH) vault, which is currently yielding roughly 80% APY. I am not sure how much has been deployed so far but some people claim we have already reached $10 mio TVL. The strategy behind the 80% APY is to pledge the ETH that you put into the vault to get DAI and then leverage those DAIs and deploy them through the…

An overview of the trading activities on the cryptomarkets. Studies on traded volumes, supply and demand situations, as well as periodic technical analysis of the most important crypto-currencies and indices, including the perspective of Crypto Finance AG Senior Trader Patrick Heusser. Technical Analysis Good Morning! DeFi is still a hot topic. Therefore, we we will include a technical analysis of a few coins today. But first let’s begin with the big ones… Bitcoin BTC$ (4h) Bitcoin is a tough cookie to trade right now. We pushed lower: even below 11.4k (on a daily closing basis). It looks like there was/is…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! The Defi space had a busy weekend. The biggest event was probably the launch of the new DEX: Serum. This project was launched by the FTX team. It is one of the first DEXs that has a decent populated on-chain orderbook and very low transaction costs. See here. Forking protocols There was also a fierce discussion about forking protocols: namely, Uniswap 1Inch, and SushiSwap. The funny thing is that there should not…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! Today, we bring you another short market commentary to end the week. USDC, one of the regulated and audited US dollar stablecoins, took another step forward for further adoption: Update on USDC transactions They have tackled the issue of you needing ETH in your wallet to move ERC20 tokens around (like with USDC) due to the transaction fees (GAS) that must be paid. Now, you can transfer your USDC without ETH. The…

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! The piece below about the crypto credit space is (in my opinion) excellent. It explains very well the various actors involved in this ecosystem, their incentives, and the different use cases. It is a good 15-minute read but definitely worth it! Click here or on the image below.

An overview of what is happening in the crypto markets, summarised daily by Crypto Finance AG Senior Trader Patrick Heusser in the market commentary. Market commentary Good Morning! There are a couple of hot topics today worth highlighting. 1. FTX acquires Blockfolio This is a pretty bold move if you ask me – also due to the hefty price tag. However, it might unlock the flow floodgates for FTX and their DEX project Serum powered on the Solana blockchain. I am only speculating here, but they might try integrating direct trading ability into Blockfolio. This would enable millions of users…