Ark position update and Cathie Wood’s bold move and the risk to biotechnology
Correlations on the rise and drawdown outlier
Little known ZK International (ZKIN) $ZKIN has launched a DeFi project, which went live this week @ xSigma.fi
The project is funded and managed by publicly traded ZKIN so the stock popped to $10 and settled back down to $6 during the week. During the first few days of live staking, $150 Million USD worth of funds were committed to the project, making xSigma in the top 25 of DeFi projects in the world. Bear in mind that, this is not a cap raise, not an ICO - so the company does not get these funds. They are 'backing' the token. So this is a very positive sign - and it seems things are only getting started.
Interestingly, the borrow rate is increasing and the available shares to short are decreasing. Options are not available on the stock. From shortdata.crediblock.com
As of right now, there are 2 ways to easily get involved in the project. One, buy the stock @ LevelX (or your existing stock broker). Two, you can get rewards for staking the token itself, at www.xsigma.fi
If you are considering option two, and have never done this before, you can start here on the Crediblock Crypto support page.
This is what the system looks like, you need to use Firefox and MetaMask:
In November 2020 Crediblock.com wrote an article on ZKIN stock, when it was trading at $1.75, on Seeking Alpha. The negative perception about ZKIN is that it's based in China, but they have proven over time that management is reliable, consistent, and persistent. And to their credit, it is listed on the NASDAQ.
But perhaps the most interesting thing about this project is the recently announced plans for a Crypto derivatives system, which will include Crypto derivatives, CFDs, and other to be developed products:
is pleased to announce that xSigma Corporation, a subsidiary of the Company and a blockchain R&D lab, is pleased to announce that it has purchased its own proprietary crypto and Online Contract for Difference ("CFD") trading platform, which will be branded as "xSigma Trading". The platform's website is now open to the community at: https://xsigma-trading.com
The xSigma Trading platform will be an Online Crypto-CFD trading platform that will provide multiple trading products, such as crypto trading, crypto lending, crypto options and derivatives, and US Equity CFDs, which will conveniently be available on one trading platform. xSigma is going to target the cryptocurrency options and derivatives with xSigma Trading as its third project in its ecosystem.
That's going to be really cool. Coinbase sucks, aside from LedgerX - there are few institutional quality trading systems for Crypto. Some will disagree, but the fact remains that you can't short shitcoins and there are limited futures & options on Crypto. If you can't hedge - how can you trade? Having robust hedging tools will help the asset class grow into something really disruptive, and ZKIN is making that happen.
DISCLOSURE: We are long the stock, around $2 and are going to keep it for a long time.
Markets ranging from 'meme stocks,' real estate in select areas, Pre IPO, and many others are going nuts. Inventory is being sold out, and prices are ballooning. Companies are SPACing into public markets quicker than many can keep track. There are tons of opinions as to the why and how and who, but we can sum it up in one chart from the Fed: Money Supply (M1). Being a Forex trader you look at markets from a Monetary Policy perspective - not suggesting that all FX dealers are Austrians, simply that you look for what's driving prices and in FX it's always one thing: real money flows. Well, that's actually the case for all markets. Supply and demand is a thing of the past, for useless textbooks that nobody reads, so Professors can make extra money to cover inflation by copying and pasting the copyright free concepts created 300 years ago i.e. 'the invisible hand' selling course required textbooks at 1,000% margins. But hey - they are teaching economics! If you look at it the right way, it's a great lesson. Here is the M1 chart from the Fed:
Is this a sign of things to come - will the US Dollar soon be (DISCONTINUED) ?
This series will no longer be updated. More information is available in the notes below the graph. This series is the suggested substitute: M1SL https://fred.stlouisfed.org/series/M1SL
M1 represents digital dollars, not physical cash which is M0 and is the greatest measure of actual Money Supply, because it includes:
- M1: The total amount of M0 (cash/coin) outside of the private banking system[clarification needed] plus the amount of demand deposits, travelers checks and other checkable deposits
Here's how it works. The Fed creates $1 via loans - they loan money to banks, and to the US Treasury. They do literally 'create money out of thin air' - or more correctly, by typing in digits into a software program. Once the money is in the hands of the banks, it filters to hedge funds, institutions, borrowers, and others at which point it gets either 1) injected into the economy or 2) invested. The 1) is good for the economy but 2) is not, it creates asset inflation and it's great for the .01% but sucks for 99% of working class people, because wages are flat and cost of living inflation kills everyone except those on the extreme ends of the spectrum (the extremely poor are also unaffected by inflation).
So there you have it. For a more detailed explanation, checkout Splitting Pennies or if you just want to participate in the insanity - CAVEAT EMPTOR - open an account at LevelX and level the playing field.