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Kraken Daily Market Report for January 19 2021


Overview


  • Total spot trading volume at $1.76 billion, 15% higher than the 30-day average of $1.53 billion.
  • Total futures notional at $582.7 million.
  • The top 5 traded coins were, respectively, Ethereum, Bitcoin Tether, Polkadot, and Ripple.
  • Strong returns today from Ethereum (+8.6%) and Gnosis (+8.3%).

January 19, 2021 
 $1763.0M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
ETH 
$1375.4 
↑8.6% 
$776.4M
XBT 
$36028. 
↓2.0% 
$592.6M
USDT 
$1.0005 
↑0.04% 
$157.4M
DOT 
$16.446 
↓0.9% 
$61.3M
XRP 
$0.2945 
↑3.0% 
$46.9M
USDC 
$0.9999 
↑0.0% 
$34.7M
LTC 
$152.97 
↑0.25% 
$34.1M
ADA 
$0.3693 
↓0.6% 
$29.6M
LINK 
$20.686 
↓6.3% 
$29.1M
XLM 
$0.2987 
↓2.3% 
$15.1M
BCH 
$509.69 
↓0.21% 
$15.1M
XTZ 
$2.8839 
↓4.9% 
$8.7M
DAI 
$1.0000 
↓0.13% 
$8.33M
GRT 
$0.5399 
↓13% 
$6.65M
XMR 
$157.54 
↑0.4% 
$6.33M
FIL 
$22.687 
↓4.6% 
$6.25M
ATOM 
$8.9647 
↓6.7% 
$6.25M
YFI 
$34603. 
↓9.0% 
$4.44M
KSM 
$101.92 
↓7.5% 
$4.42M
UNI 
$8.6424 
↓6.1% 
$4.41M
WAVES 
$7.0967 
↓9.8% 
$3.86M
EOS 
$2.8011 
↓0.6% 
$3.78M
AAVE 
$187.47 
↓6.6% 
$3.65M
NANO 
$3.5052 
↓2.8% 
$3.52M
CRV 
$1.3320 
↓17% 
$3.22M
DASH 
$124.84 
↓3.6% 
$3.0M
OMG 
$3.8894 
↓7.6% 
$2.85M
SNX 
$15.261 
↓2.2% 
$2.79M
ALGO 
$0.5224 
↓7.7% 
$2.79M
KEEP 
$0.3257 
↓6.0% 
$2.47M
XDG 
$0.0090 
↓1.4% 
$2.21M
PAXG 
$1851.5 
↓0.4% 
$2.16M
ZEC 
$102.69 
↓1.4% 
$1.89M
ETC 
$7.8564 
↑1.9% 
$1.66M
ICX 
$0.6968 
↓6.8% 
$1.6M
TRX 
$0.0307 
↓2.8% 
$1.47M
KAVA 
$2.2490 
↑1.4% 
$1.32M
SC 
$0.0050 
↑3.4% 
$1.29M
BAT 
$0.2692 
↓4.8% 
$1.17M
MANA 
$0.1223 
↑3.2% 
$1.12M
COMP 
$212.59 
↓6.0% 
$1.05M
QTUM 
$3.1719 
↓4.1% 
$906K
MLN 
$43.293 
↑4.9% 
$882K
KNC 
$1.2684 
↓4.8% 
$851K
OXT 
$0.2935 
↓7.9% 
$847K
BAL 
$22.234 
↓3.5% 
$632K
REP 
$21.989 
↑4.2% 
$626K
GNO 
$120.29 
↑8.3% 
$623K
ANT 
$3.9972 
↓9.4% 
$317K
STORJ 
$0.4126 
↓3.3% 
$314K
LSK 
$1.3907 
↓3.1% 
$208K
TBTC 
$37866. 
↑2.2% 
$138K
REPV2 
$21.731 
↑0.8% 
$120K

The post Kraken Daily Market Report for January 19 2021 appeared first on Kraken Blog.

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Overview


  • Total spot trading volume at $1.76 billion, 15% higher than the 30-day average of $1.53 billion.
  • Total futures notional at $582.7 million.
  • The top 5 traded coins were, respectively, Ethereum, Bitcoin Tether, Polkadot, and Ripple.
  • Strong returns today from Ethereum (+8.6%) and Gnosis (+8.3%).

January 19, 2021 
 $1763.0M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
ETH 
$1375.4 
↑8.6% 
$776.4M
XBT 
$36028. 
↓2.0% 
$592.6M
USDT 
$1.0005 
↑0.04% 
$157.4M
DOT 
$16.446 
↓0.9% 
$61.3M
XRP 
$0.2945 
↑3.0% 
$46.9M
USDC 
$0.9999 
↑0.0% 
$34.7M
LTC 
$152.97 
↑0.25% 
$34.1M
ADA 
$0.3693 
↓0.6% 
$29.6M
LINK 
$20.686 
↓6.3% 
$29.1M
XLM 
$0.2987 
↓2.3% 
$15.1M
BCH 
$509.69 
↓0.21% 
$15.1M
XTZ 
$2.8839 
↓4.9% 
$8.7M
DAI 
$1.0000 
↓0.13% 
$8.33M
GRT 
$0.5399 
↓13% 
$6.65M
XMR 
$157.54 
↑0.4% 
$6.33M
FIL 
$22.687 
↓4.6% 
$6.25M
ATOM 
$8.9647 
↓6.7% 
$6.25M
YFI 
$34603. 
↓9.0% 
$4.44M
KSM 
$101.92 
↓7.5% 
$4.42M
UNI 
$8.6424 
↓6.1% 
$4.41M
WAVES 
$7.0967 
↓9.8% 
$3.86M
EOS 
$2.8011 
↓0.6% 
$3.78M
AAVE 
$187.47 
↓6.6% 
$3.65M
NANO 
$3.5052 
↓2.8% 
$3.52M
CRV 
$1.3320 
↓17% 
$3.22M
DASH 
$124.84 
↓3.6% 
$3.0M
OMG 
$3.8894 
↓7.6% 
$2.85M
SNX 
$15.261 
↓2.2% 
$2.79M
ALGO 
$0.5224 
↓7.7% 
$2.79M
KEEP 
$0.3257 
↓6.0% 
$2.47M
XDG 
$0.0090 
↓1.4% 
$2.21M
PAXG 
$1851.5 
↓0.4% 
$2.16M
ZEC 
$102.69 
↓1.4% 
$1.89M
ETC 
$7.8564 
↑1.9% 
$1.66M
ICX 
$0.6968 
↓6.8% 
$1.6M
TRX 
$0.0307 
↓2.8% 
$1.47M
KAVA 
$2.2490 
↑1.4% 
$1.32M
SC 
$0.0050 
↑3.4% 
$1.29M
BAT 
$0.2692 
↓4.8% 
$1.17M
MANA 
$0.1223 
↑3.2% 
$1.12M
COMP 
$212.59 
↓6.0% 
$1.05M
QTUM 
$3.1719 
↓4.1% 
$906K
MLN 
$43.293 
↑4.9% 
$882K
KNC 
$1.2684 
↓4.8% 
$851K
OXT 
$0.2935 
↓7.9% 
$847K
BAL 
$22.234 
↓3.5% 
$632K
REP 
$21.989 
↑4.2% 
$626K
GNO 
$120.29 
↑8.3% 
$623K
ANT 
$3.9972 
↓9.4% 
$317K
STORJ 
$0.4126 
↓3.3% 
$314K
LSK 
$1.3907 
↓3.1% 
$208K
TBTC 
$37866. 
↑2.2% 
$138K
REPV2 
$21.731 
↑0.8% 
$120K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (January 19 2021)



Figure 2: Mid-size trading assets: (measured in USD) (January 19 2021)



Figure 3: Smallest trading assets: (measured in USD) (January 19 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (January 19 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (January 19 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (January 19 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (January 19 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Source: https://blog.kraken.com/post/7503/kraken-daily-market-report-for-january-19-2021/

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Goldman Sachs Adds Bitcoin to its Year-to-Date Returns Report

Following years of bashing bitcoin, Goldman Sachs has added BTC to its market performance list of assets.

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Goldman Sachs, one of the biggest US banks and former bitcoin critique, has added the primary cryptocurrency to its year-to-date asset returns report. Interestingly, BTC occupies the first spot with over 100% early returns as the next assets are far behind.

Goldman Sachs Adds BTC to Returns Report

Founded in 1869 in New York, Goldman Sachs is a large multinational investment bank, which had a negative stance on the cryptocurrency industry for the majority of the last few years.

However, the bank has apparently started to change its mind, on bitcoin in particular, and the latest evidence came from its Global Investment Research department.

Goldman Sachs YTD Returns Report. Source: Twitter
Goldman Sachs YTD Returns Report. Source: Twitter

As seen in the above graph, the giant investment bank has included the cryptocurrency in its year-to-date absolute and risk-adjusted returns. Bitcoin leads in both.

The first part shows BTC’s total yearly returns, which, despite yesterday’s market crash, are still above 100%. Crude Oil is next with 31%, while the S&P and Nasdaq 100 are with 12% and 9%, respectively.


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When it comes down to the risk-adjusted return, meaning the raw profit taking into account the degree of risk the asset contains, BTC leads again with 2.5, followed by Russel 1000 Value.

Why Is This News Big?

As briefly mentioned above, Goldman was among the most vocal bashers of bitcoin and the entire industry. The bank initially started a crypto trading desk in 2017, halted it a year later, and then restarted it in 2021.

In the meantime, though, Goldman held a conference call asserting that BTC and all digital assets are not an asset class. The bank’s executives were frequently criticizing the cryptocurrency’s infamous volatility and questioning its merits.

However, the trend started to reverse again a few months ago. Goldman led Coinbase’s direct listing, it outlined plans to enable its institutional clients to receive exposure to bitcoin as demand increased, and filed to launch a BTC ETF.

The addition of bitcoin in its YTD asset returns report seems like the latest pro-cryptocurrency endeavor initiated by the bank, signifying its change of heart moment.

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Source: https://cryptopotato.com/goldman-sachs-adds-bitcoin-to-its-year-to-date-returns-report/

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Raze Network Completes Triple IDO And Balancer LBP Event

[Press Release – SINGAPORE, SINGAPORE, 19th April, 2021] Raze Network, a Substrate-based platform for Privacy, has successfully completed its triple IDO on Pools, DuckStarter, and Bounce. Earlier, the team has raised $2.2 million in seed and private funding rounds, confirming this privacy-oriented approach’s viability. The subsequent Balancer and Uniswap LBP listings also attracted. The release […]

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[Press Release – SINGAPORE, SINGAPORE, 19th April, 2021]

Raze Network, a Substrate-based platform for Privacy, has successfully completed its triple IDO on Pools, DuckStarter, and Bounce. Earlier, the team has raised $2.2 million in seed and private funding rounds, confirming this privacy-oriented approach’s viability. The subsequent Balancer and Uniswap LBP listings also attracted. The release of the roadmap are the current points of focus.

As a second-layer anonymous payment module for the DeFi ecosystem, Raze Network plans to become the go-to . As the DeFi industry grows, expands, and accelerates, demand for privacy-oriented solutions becomes more outspoken. As a Substrate-based cross-chain privacy protocol for the Polkadot Ecosystem, Raze Network provides end-to-end anonymity to all DeFi solutions built on this technology stack.

As the team has now concluded its three IDOs successfully, it confirms the vision of applying zkSNARK technology to build a second-layer decentralized anonymous module. Enabling cross-chain privacy is a feature many users will benefit from in the future. Privacy-preserving payments are of great interest to users, especially when the privacy technology exists at a protocol level, rather than being opt-in.

Raze Network CEO Justin Kellison adds:

“We are excited to see this level of support from established ecosystem players,”. “Since DeFi took center stage, demand for privacy became stronger than ever owing to issues such as front-running and MEV. Our focus on cross-chain assets is key to bridging liquidity from all transparent blockchains.”

“We believe Raze Network is poised to dominate the privacy niche in crypto,” said the AU21 Capital team. “Bridging liquidity across all transparent blockchains is key to making privacy alluring to the average crypto user. With time, this approach may just make private crypto a mainstream phenomenon.”

The completion of the Balancer Liquidity Bootstrapping Pool event has spotlighted Raze Network and the vision the team wants to roll out even further. Every Balancer Liquidity Bootstrapping Pool event attracts tremendous attention, and the concept has been embraced by all great crypto projects in recent history. Launching tokens with liquidity generation and price adjustment is an essential part of fueling fair and transparent price discovery.

Thanks to the strong partnerships, the ongoing Raze Network NFT campaign, and the roadmap milestones to be reached, the future looks bright for Raze Network. The team will continue to work on the Token and Dapp source code, liquidity reward, protocol and product launch, and bridge to DeFi protocols over the coming months.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to build a layer-two decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. Raze Network’s objective is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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Source: https://cryptopotato.com/raze-network-completes-triple-ido-and-balancer-lbp-event/

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