- Dgenz Crypto Weekly
- Posts
- Dgenz Crypto Weekly 028
Dgenz Crypto Weekly 028
Your go-to newsletter for crypto market updates, trends and analysis brought to you by DgenzNFT.
In partnership with
Weekly Snapshot
Market Pulse
Markets are heating up again, and this week’s headlines are loaded. VanEck is setting its sights beyond Bitcoin and Ethereum with a new filing for the first-ever U.S. spot BNB ETF. If approved, it would be a big step forward for altcoin legitimacy in traditional finance, possibly paving the way for more staking-based products. Meanwhile, Bitcoin ETFs are still soaking up institutional capital after pulling in over $1.8 billion in net inflows last week alone. Friday accounted for $675 million of that, the seventh-largest daily haul since launch, and more than 10x what Ethereum ETFs brought in over the same period. Strike is also stepping deeper into Bitcoin-native finance, offering BTC-backed loans ranging from $75K to $2 million in 26 U.S. states—no credit checks, just sats as collateral. Solana saw a vote of confidence too, with publicly traded DeFi Development Corp. (formerly Janover) scooping up another $11.2 million worth of SOL, just a day after acquiring an unnamed Solana validator. The company now holds over 400,000 SOL, valued above $58 million, signaling they’re not just investing, they’re embedding themselves in the network. And in a move that blends nostalgia with utility, early Bitcoin advocate Charlie Shrem has launched 21million.com, a modern Bitcoin faucet that rewards users with small BTC payouts for solving CAPTCHAs. It’s a clear tribute to Gavin Andresen’s 2010 faucet, which handed out a total of 19,700 BTC—worth roughly $1.86 billion today. The payouts might be smaller this time, but the mission is the same: onboarding the next wave of users, one drip at a time.
Looking for Stability in a Volatile Market?
Private infrastructure has outperformed public market equivalents by 86% on a 10-year annualized basis*—it’s no wonder why wealthy investors choose private markets.
With its highly selective, data-driven investment approach, Hamilton Lane’s Private Infrastructure Fund offers real ownership in the assets that are powering our future:
artificial intelligence
clean energy
logistics + trade
Hamilton Lane provides access to deals from the very best private markets funds in the world, and Class R of this offering has delivered 31.67% annualized performance since inception.*
Add these elite institutional-grade investments to your portfolio today for as little as $500. Learn more about Hamilton Lane Private Infrastructure Fund here.
*Source: Hamilton Lane data, Bloomberg as of January 2024. Past performance is not a guarantee of future returns.
All securities come with specific risks not limited to a total loss of your investment. Past performance is not indicative of future results. Please review the risks specific to this investment on the HLPIF deal page hosted on Republic.com/hlpif
Crypto Insights: Weekly Charts
USDT Dominance
$USDT.D is still range bound constantly trading between these two levels, but at some point in time when the breakout does happen, it's going to be an impulsive move in either direction. For now, all we can do is treat these levels as they are, support and resistances. Although, in the short term, the most likely scenario would be to fill the inefficiency left by the bearish fair value gap before making a move back down to our support level.
The USDT.D chart shows the market dominance of Tether (USDT), indicating the proportion of crypto market value held in Tether and reflecting investor sentiment towards risk, as higher dominance often signals a move towards stability.
Others Dominance
Yesterday we saw a clean wick below this key support level, followed by a minor altcoin rally which was sparked by headlines suggesting that U.S.–China trade talks are actually happening this time (yes, for real... apparently). In a textbook scenario, after a deviation and retest like this, we’d expect $OTHERS.D to start moving higher. But of course, it’s not that simple, we’ve still got this bearish fair value gap standing in the way. Normally, this kind of retest would be prime territory for opening longs on altcoins, but with the market heavily driven by headlines and the FOMC decision landing later today, the setup carries more risk than usual. Although interest rates should come as no surprise today with a 97% probability of no cuts, I would still proceed with caution, algos and policymakers are both unpredictable right now.
The OTHERS.D chart highlights the market share of altcoins outside the top 10 by market cap, giving investors insight into capital flow and interest in the broader crypto market.
Get up to $8,000 for free thanks to our partners at MEXC! Scan the QR code or simply click the image below to sign up and start trading with a massive bonus. Don’t miss out!
New to crypto trading and looking for guidance? We got you!
Check out our weekly guide with trading strategies, candle patterns, and tips that will level up your skills. Got questions? Reply to this email or join our community and grow with us! Trading never sleeps, and neither do we.
|
Want to stay ahead of the moves? Join our community and get real-time insights on the market—daily, hourly, anytime you need them. Learn from our 3 expert chart masters and engage with a community of traders out there in the trenches with you. 🚀 Don’t miss the next one!
Dgenz NFT Collections | Weekly Crypto Stream  The best way to keep up with crypto is to surround yourself with the right people. Tune into the Weekly Crypto Roundtable on YouTube every Thursday, hosted by Dgenz community members, for sharp insights, market updates, and discussions that matter. |
Know a few friends who need crypto alpha in their life? Share your link, collect rewards and don’t miss out on the soon to be announced Dgenz perks - Start referring today!