Week 4 | 1/23/23 - 1/28/23
By Matthew BrienenNews Flash
Monday 1.23.23: The entire globe witnessed the inclination of the Middle East towards cryptocurrency throughout 2022. Now the trend is seemingly persisting through 2023 as well. Recently, UAE’s Minister of State for Foreign Trade, Thani bin Ahmed Al-Zeyoudi hinted at the inclusion of cryptocurrency in the nation’s trade partnerships and policies in 2023. “We started attracting some of the companies to the country with the aim that we’ll build together the right governance and legal system, which are needed."
Tuesday 1.24.23: El Salvador’s President, Nayib Bukele, said Monday his country has paid back $800 million on an external bond despite concerns last year the country would default due to its “bitcoin bet.” “In the past year, almost every legacy international news outlet said that because of our ‘bitcoin bet,’ El Salvador was going to default on its debt by January 2023,” Bukele tweeted Monday. “Well, we just paid in full, $800 million dollars plus interest.”
Wednesday 1.25.23: French lawmakers have adopted a softened approach to crypto licensing in the country, giving operators more time to meet new Europe-wide stand. France currently has a two-tier regime for crypto firms. All operators must register as crypto asset providers, but they do not have to gain a full license, a process that requires higher levels of disclosure. While around 60 providers have registered with the regulator Autorité des Marchés Financiers (AMF), none have opted for full authorization.
Thursday 1.26.23: Web3 startup Spatial Labs has raised $10 million in its seed funding round, led by Blockchain Capital and backed by billionaire rap artist Jay-Z’s venture capital firm Marcy Venture Partners. Spatial Labs has developed a 13-millimeter microchip called the LNQ One Chip, which can be sewn or embedded into physical fashion items. Each chip can be scanned with a smartphone via near-field communication (NFC) technology, revealing details about the item and creating a digital copy of it for metaverse wearability. Each physical chip is tied to an NFT on Polygon with lots of opportunities for brands to add details or custom content to the chip’s metadata.
Friday 1.27.23: Moody’s Corporation is reportedly planning to develop a scoring system for stablecoins, per reporting from Bloomberg. The scoring system will include up to 20 stablecoins, analyzing the quality of each reserve's attestation. The system will not reportedly be an official credit rating.
CryptoCharged Live Show Recaps
Monday 1.23.23: Dan Habib provides a macro outlook on the charts of various markets, on-chain analytics, and Dan's case for more economic weakness. Matthew Brienen discusses his strategy for success in this bear market, BlockFi asks the court to approve bonuses amid a 'war for talent,' and Ledger hardware wallets are now available at select Best Buy locations in the United States.
Tuesday 1.24.23: Brian Decker discusses how Tesla is likely to miss earnings tomorrow, an overview of reports from CoinGecko and Pantera Capital, and how he is currently investing in crypto. Matthew Brienen mentions the court date for Grayscale's challenge to the SEC's Bitcoin ETF decision, prosecutors seizing $50 million from one of SBF's accounts, and a very strong technical take on Bitcoin's next moves. Matthew provides a technical analysis of the markets and discusses Bitcoin's pivotal moment.
Wednesday 1.25.23: Matthew Brienen discusses an Act that would prohibit lawmakers from profiting from stocks while in office, Binance 'accidentally' stores token collateral and user funds on the same wallet, and Celsius teases a new token launch.
Thursday 1.26.23: Dan Habib summarizes why it's not yet time to celebrate, new home sales, PCE expectations, Fed hikes, and recession warning signs. Matthew Brienen discusses a Web3 hardware startup backed by Jay-Z, Goldman Sachs' ranking of Bitcoin as the world's best performing asset, and how a cryptocurrency price is not a good indicator of the overall picture. Matthew also provides a technical market analysis as well as a potential short opportunity with Solana.
Friday 1.27.23: Brian Decker discusses his short call on TSLA and the hype with Aptos. Dan Habib outlines PCE for the month of December, as well as a technical analysis of a few markets. Matthew Brienen talks about Senator Ted Cruz's request for Capitol vendors to accept Bitcoin, the Administration's plan to reduce the risks associated with cryptocurrencies, and a tweet thread about five common misconceptions about XRP. Additionally, Matthew offers a market technical analysis and displays a very intriguing comparison chart.
