 Welcome to Digital Asset News. Take a top stories in crypto and bring it down to bite size pieces. Today, just like the thumbnail suggests, I'm buying and I'm buying into crypto for a couple different reasons and we're going to go over some of these in the articles that we have today. So first up, hedge funds see the crypto market decline as an investment opportunity. We're going to take a look at different hedge funds and what they're actually doing and we're going to hear from the CEO of Avalanche. On top of that, we've got a nice little story which talks about how J.P. Morgan, yes those guys and UBS plan to onboard active cryptocurrency strategies which is kind of odd considering that just a couple of days ago UBS advises to stay clear of crypto and that's what they're telling their investors and not to be undone and just as a reminder, J.P. Morgan was convicted or is forced to pay $920 million for spoofing the precious metals market. So these are the types of individuals and institutions and entities that are getting into our space. So if you don't think there's a little bit of a hanky-panky and a little craziness going on, you've got another thing coming. And then lastly, we'll take a look at what's going on with Bitcoin amounts being moved off exchanges and that's a potential sign of price surge. So we'll take a look at all those things but first take a look what's going on the market. So today it is the 13th of July I believe 14th of July and it's about 11 a.m. here and look once again we see the market in a just kind of chopping sideways 1.35 trillion it's down 0.44% not a big deal and we're going to move sideways throughout July. Actually I see more of a decline coming but that's just my investment opinion not investment advice. I just see some some more volatility which means in volatility as its name suggests you're going to go down and you're going to go up and that's kind of what I see happening a lot more volatility. I would think that Ethereum would actually increase with that EIP of 50.9 but right now it's just hanging above 2,000 and everything is just either moving sideways or down a little bit except for a uniswap down 5% but they had a pretty big run. Actually they're down 20% for the week. That's not so great. And then let's take a look at anything as far as the projected range for sentiment analysis. We're looking at trade the chain link in the description. Check that out. So if you're a big trader take a look between negative 16 and plus 32 in the next hour and plus 9 plus 10 look at these bridge oracle green power auger harvest finance and linear and that's all I can really say not a big trader but that's what we got. So what we should do is let's just jump in today's top stories. We talk about smart money insights. I'll use this term very loosely smart money insights but these are people that just they are in the realm of finance and they're doing a lot of different things as far as like with clients and and getting investments and doing all sorts of financial advising. So when I take a look at what's going on I kind of start to look at what is smart money not what they're saying because we know we're getting that a little bit but what they're doing. So this one hedge funds see the market as a investment opportunities things decline and that's really what it comes down to really what how I see the market is the same ways these guys see the market. I see this decline as a chance to just accumulate and just a dollar cost average just to keep going. I know people get sick of it but you know when you don't get sick of it when everything goes parabolic when everything goes parabolic just like it did in 2013 it's like in 2017 just like it's probably gonna do around 2021 end of or maybe next year who knows that's when you're gonna thank yourself and there is no there is no easy pass and this is just to me this is just only makes sense that's all I can wait tell you. So let's just dig into it first of all who wrote this article Osato Avon Nomayo and if you don't follow this guy you're gonna see why you should in a bit did a great article here. So what's going on back in June a survey of a hundred chief financial officers at hedge funds across the world indicated an expected increase in crypto exposure for hedge funds in the next five years again if you're looking for like it's gonna happen tomorrow that's not the case and to say that it's gonna happen in the next five years they're just saying that there's an oval increase over the next five years in the next five years so that's just a part of the equation hedge funds either they're gonna get it early they're gonna get it late but at some point they're gonna get it and then to move on in July London based hedge fund giant Marshall Waste I think I nailed it was set to create an investment portfolio focused on digital assets the 55 billion hedge fund was looking toward late-stage funding for digital finance companies and blockchain outfits working on use cases such as payment systems whatever you want to say for that as far as crypto payment system leave the comment in the description below for digital currencies and stable coins Marshall Waste had made some forays into the digital asset space back in May the hedge fund participated in USD coin stable coin issuer circles 440 million fundraising rounds so every different institution or entity starts to dip their toes into it a different way either they jump fully in or they start to back other companies that are into crypto currency such as Circle and USDC in July Cornell University professor and avalanche creator emin gun sear I hope I said that right stated that the current market downturn had done little to dampen enthusiasm for crypto exposure among institutional investors according to him the legitimacy of crypto as an asset class is beyond question he states this I've been getting contacts from retirement funds not hedge funds but retirement funds very different piece far more slower moving but with maybe 10 times more dollars under their control and they are slowly coming into crypto it's uh which they get a little bit faster but they still have to do their due diligence Joe deep as well CEO of crypto hedge fund bit bull capital states institutional investors are still interested and continue to build positions at key support levels naturally the market hype has dampened I think we've all seen that but these downturns have been historically opportune moments for long-term entries and that's just really what it comes down to so some people when they see these things they go everything's going down so this is just awful it's awful if you make it awful and for me when I just because I can't give you advice I'm not an investment advisor when I see these the whole dips I'm like this is the time to buy and then when things go up I can if I need to implement a strategy to where I sell off a little bit I'm not going to hold my crypto forever why because I can't buy everything with it now I can do loans and things like that I've done that with Celsius it's great worked out pretty well bought a condo you know what can I say about it worked out great and there's no capital gains tax because it is alone but at some point you want to maybe diversify and do different things so for me like I see these opportunities right now is these big dips and lows chances to accumulate but again that's just how I do things and my goals are not your goals and then they continue spokesman for a nickel digital asset management 200 million dollar crypto hedge fund states this we are seeing active and continuous engagement from the entire institutional community including pensions foundations endowments and funds of hedge funds it also states recent volatility has proved to be an opportunity for certain trading strategies like market neutral arbitrage while being a headwind for others beta exposure to underlying crypto assets I don't do the arbitrage type of thing I know people can make a ton of money but that's not my deal uh nickel digital recently rebalanced its cash position as a result of the current market decline and a move the company described as an exercise in financial discipline and this is what I really want to drive home real quick all that talk about diamond hands and holding on forever is garbage it's nonsense and when people would always tell me I remember in March April May people were telling me like Rob you just a relic and you don't get it because these institutions are here they're not going to sell and I was like oh really well guess what they've been selling like crazy and that's just the truth of it so when I talk about that what they're saying here is that this was uh the the same thing the hedge fund rebalances cash position this was on July 2nd at also in bio osato and it states here crypto hedge fund nickel digital asset management cycled into a cash position following the crypto market collapse of May and then to further reiterate what's happened here they state uh uh nickel digital has put its flagship arbitrage strategy fund largely into cash after the recent collapse of one of the cryptocurrencies market most reliable trades 200 million hedge fund run by alumni from goldman sacks and jp morrigan this is what they did the basis trade where crypto investors including nickel digital profit from discrepancies between spot and future prices had become a reliable double digit annual return pretty good intel it was up ended in May the dramatic sell-off saw a number of leverage positions mostly held by retail investors flushed out estimated that the amount of auto liquidations of speculative positions on May 19th alone was around nine billion I think it was actually more like 11 billion somewhere on there check me in the comment section but it was a ton and that is another thing that uh I just don't understand why some people do these leverage positions if you know what you're doing sure great have at it 50x 100x all day all day long I care less but that's a very few amount of people that actually do that I think what's really going on here is retail is going I can make a lot of money and this is my lottery ticket and they do that and like all my money is gone crypto is awful and crypto is a scam it's not a scam you don't know you just didn't know what you're doing and that's really what it comes down to I'm sorry it's just how it goes so uh good learning lesson for you I suppose or whoever and if it is I I could say I'm sorry you lost your money but it's still a learning experience all right so to finish this up as more institutional players make crypto foray stakeholders say asset managers are not worried about regulatory risks meanwhile banks other regulated entities seem to be getting clearer mandates from regulatory bodies to interact with digital assets and again nickel digital spokesman said this we embrace regulation because we feel that regulation brings clarity and clarity brings broader market participation crypto has had years of regulation in the U.S. and the recent changes in Germany could unlock billions of dollars into the crypto space and then to to what he's talking about here was there was an article about Germany law and what is going on it's allowing four hundred fifteen billion investment into crypto and the law allows special funds to invest up to 20 percent of their assets into crypto itself so that's what they're saying like look the money's there it's just taking a little bit of time to get here and then this is the I think the more hopeful of the article bulls will return will return the fall if the current crypto downturn offers a premium investment opportunity for hedge funds and other institutional investors such as a strategy most likely relies on the expectation of a market bounce in the future sir CEO of Avalanche has predicted that sideways accumulation will dominate the crypto price action that's exactly what we're doing right now he expects a return to the upward parabolic price trajectory in q4 I will be there for that October November December according to the Avalanche founder the expected resurgence should begin in October or November he states I'm really excited about what's to come because I know that there is so much interest in institutional retail as well as in the new technology has posed a change of the world and bear market is actually great getting work done the transformation of finance isn't going to stop because we hit a relative price correction so that's really what that was a very long article I must admit but it really all comes out of this there's a lot of things going on behind the scenes and when people say that's you know this is just going to go to zero and it's going to fall off it's not that's my personal I just think that we're going to we're in that time right now what they talked about this accumulation phase and if you don't want to accumulate you want to sell out then that's your prerogative get out it's okay like I said that diamond hands stone hands things is ridiculous do what's best for you and your family after you've done all the research and all the things that you're supposed to do and your due diligence and just move but if you're like me I just see a lot of opportunity in the future and that's why I'm still accumulating heavily and we'll see if I'm right and I can't tell you when it's going to happen I just tell you that I just believe at some points we are going to see a massive price run so let me know what you think of the comment section let's move on to our next piece where we talk about JP Morgan UBS this is a quick one and it just comes out of this JP Morgan UBS plan to onboard active strategies what is this so the street reported that JP Morgan UBS are currently carrying out their due diligence with crypto hedge funds another sign of Wall Street's involvement in crypto in May Walls Fargo announced that its investment unit would introduce an active strategy for its deep pocketed crypto clients i.e. all the people with a bunch of money and the onboarding of crypto strategies will take place through the bank's fund of fund units which there those are pooled investment funds that primarily invest in the shares of other funds instead of equities bonds and other assets so they probably mix a bunch of different things as far as crypto and other stuff because the main advantage is you get a big diversification but you don't take a lot of risks so that sounds pretty good for a lot of different people in April there were media reports about JP Morgan launching a bitcoin fund this summer due to client demand and when there's whether smoke there's fire i guarantee i can't guarantee i strongly believe you that this is what's going to happen and UBS the biggest swiss bank started exploring ways to offer cryptocurrencies to its affluent clients this may uh wall street remains generally skeptical of crypto earlier today black rock CEO Larry Fink told CNBC that there was very little demand for crypto which is kind of funny because now you got JP Morgan and UBS uh here's the article from uh the street itself which goes on and and talks about uh you know the same thing we just said JP Morgan UBS are exploring blockchain backing portfolio managers that actively trade crypto and again i find that very odd because UBS even in may they were talking about you know we should get these types of things for our affluent clients our big money players but they put out a press release and said hey stay clear of crypto because regulators will crack down okay and that's just great for a lot of their clients because they can get it at a very much lower price and do that and also don't forget our friends over at JP Morgan just settled about a year ago for an undisclosed amount a lawsuit that accused the firm of spoofing trades in the precious metals market the suit was by hedge fund manager Daniel Shaq and two commodities traders who accused JP Morgan of manipulating the silver futures market costing plenty of 30 million in losses the bank is also nearing a settlement of 920 million to resolve government investigations for similar alleged conduct in the precious metals and treasury futures market and what they do is they you know they they spoof the market they put a big large order in and then uh they but they have no ambition to actually fill it and it will drive the price up or drive the price down depending on what they want to do so when people talk about how there's no manipulation in this market ah there's tons of manipulation in all markets so don't give me that that's ridiculous now can I say it's 15 percent of the market is being manipulated or 35 or 70 percent I have no idea but I can say manipulation is alive and well so let me know what you think about that in the comment section and let's move on to our last piece where we talk about what's going on with bitcoin being shuffled around so I can just sum it up like this I want to make this video too long usually beginning began to withdraw bitcoin from exchanges refusing to sell at the current price of 33 000 and they think that it's going from the wallets or from the exchanges to cold wallets and this is where it really comes down to this is from glass node I blow this up so you can see yeah so see this little area right here all this all this green means that people are actually adding bitcoin into the exchanges so you can see like when when the price was really going up people took it off the cold storage which is all all in the red it started to put it onto the exchanges when you put things on exchanges from cold storage it means you're going to sell usually and that's exactly what happened people sold like crazy and that happened and then the price dropped pretty dramatically and now we're back into the same thing here where people are moving it from the exchanges into their cold storage wallets and then when you see that it's not a definitive indicator the price is going to go up but it's a pretty good indicator and you can see it right here in the middle parts and then and then to the right and especially these big huge red areas all the way to the right here as soon as everybody starts to move it off you see the price go up and that's just one thing so that could mean potentially that there is a some good news on the horizon that's really all I got for you today so look I know it's a little bit longer there's a lot of things going on and it it doesn't it's not so much about what's happening today what's happening next week it's always about the long-term view if you know if there's somewhere like you're like I need money now then again diamond hands and stone hands all that stupid stuff just do what's best for you and then go from there but right now I'm just accumulating and trying to accumulate as much as possible because I see a big huge hockey stick parabolic run coming up now can I say it's going to happen tomorrow now or next week now or three months six months ten months I have no idea I have my theories and no one nobody out there can tell you exactly when because nobody's no Stradamus but just use your best judgment and go from there so look if you like today's video give it a thumbs up give it a like also consider subscribing a lot of things we talk about obviously a very time sensitive that's it for today so thanks so much for watching I appreciate it I'll see you on the next one