Firinne Capital

Bangkok Meets Ethereum: My DEVCON 7 Experience Firinne Capital’s Victor Li, CFA Li traveled to Thailand last month to attend DEVCON. In his words, “Few events capture the evolving ethos of the #blockchain world quite like DEVCON … DEVCON 7 offered more than technical discussions; it was a showcase of the #Ethereum ecosystem’s ambition to redefine trust, security, and #decentralization.” https://lnkd.in/ebVkNtrz

Bangkok Meets Ethereum: My DEVCON 7 Experience Firinne Capital’s Victor Li, CFA Li traveled to Thailand last month to attend DEVCON. In his words, “Few events capture the evolving ethos of the #blockchain world quite like DEVCON … DEVCON 7 offered more than technical discussions; it was a showcase of the #Ethereum ecosystem’s ambition to redefine trust, security, and #decentralization.” https://lnkd.in/ebVkNtrz

The US November 5 election was a step change in many ways, not the least of which for the #cryptoasset market and ecosystem. With a decisive majority of the popular and electoral votes, Donald Trump will resume his second term as the 47th President of the United States. Along with Republican control of the Senate and the House, cryptoasset denizens are expecting sweeping support in the form of clearer and friendlier regulations, broader awareness, and speedier adoption by the general populace. Adding to this, the Federal Reserve lowered benchmark rates by 25 bps on November 7. It is no surprise that we are seeing expectations and prices running hot. #bitcoin #ethereum Firinne Capital https://lnkd.in/eCvyzJpE

Markets which serve the dual purpose of allowing monetization and the extraction of hidden knowledge are known as prediction markets. Although betting on headline events is nothing new, where prediction markets really come to the fore is when combined with the properties of #blockchain technology. Namely the decentralized, anonymous, and fully permissionless world enabled by blockchain transactions is ideal for the full power of prediction markets to be unfurled. #digitalassets #cryptoassets https://lnkd.in/eH5CvfvF

The approval and launch of #Ethereum spot #ETFs in the US in the second half of July was a major milestone for the broad adoption of #digitalassets. The volatility that ensued a week later in early August was a reminder that #crypto markets trade 24/7/365 and constantly price in new information. Not paying attention is a source of risk and missed opportunities. https://lnkd.in/e7wFs4-C

This week’s cool, damp weather belies the buzz of activity at the Science of Blockchain Conference taking place here in NYC. Academics, builders, and investors all came together to hear about developments in blockchain scaling and security. Similarly, recent macro events from the weaker US July jobs report to the unwind of the JPY carry trade spilled over to the crypto markets and the dampened investor sentiment. However, the sharp drawdown belies the strengthening fundamentals for #cryptoassets that have been developing over the past several months. The approval and trading of both the #BTC and #ETH spot #ETFs in January and July have raised investor awareness and paved the way for easier and broader adoption. Political winds have shifted positively for cryptoassets, and this will possibly result in more favorable legislation in 2025. The CME Fed Watch indicating a high probability that the US Fed will cut rates by 50 bps and the Bank of Japan taking a more cautious approach to raising rates altogether foretell a more benign environment for long duration risk assets. And let’s not forget that the cryptoasset infrastructure and protocol builders remain hard at work. Cryptoasset valuations for quality chains and protocols look attractive here. What do you think? Firinne Capital

The “dog days of summer" refers to the summer months in the Northern Hemisphere, characterized by hot temperatures, inactivity, and was previously associated with misfortune, according to the Old Farmer’s Almanac. That pretty much sums up the #digitalassets price action over June. But one doesn’t have to look too far beyond prices to realize that the ecosystem has been anything but inactive and unfortunate. Reflecting for a moment on ourselves at Firinne Capital, we are thrilled and honored to announce that we won the Hedgeweek’s Performance of the Year – Directional Fund (1+ Year) award. https://lnkd.in/d7bqjUEn

Very excited to have received this award for 2023 from #Hedgeweek. It reflects the strong stewardship of our #digitalassets fund by our CIO, Ruairi H., alongside the strong teamwork at Firinne Capital. Our journey continues.