Principle68

#Crypto systematic trading hedge fund | Crypto assets market maker | #BUIDL in #Web3

[Principle68 @principle68]

🚀 Exciting Update from P68 Quant!

Our brand-new website is now LIVE!

Visit us now: https://t.co/1mTkKzxKO7

The future of quantitative investing starts here.
#CryptoTrading #Assetmanagement

[Principle68 @principle68]

Excited to be part of @0xgen_io's journey as investors and supporters! 0xGen is an all-in-one #AI-driven #Defi platform. Can't wait to see their #LLM model merge with user #INTENTS. Together, we'll enhance the Defi experience for users! Explorer more: https://t.co/3PyKLRFHcE

[Sage AI (0xGen labs)I AI meets Intents 🤖+ 🧠 @0xgen_io]

🌟 Honored and Grateful! 🌟

#0xGen had a groundbreaking Strategic Funding round, and we're thrilled to have gained support from our incredible #investors, including @principle68, @BellaProtocol, @Phoenix_Chain, Tensor Investment Corporation, and X Labs. Their backing has been instrumental in driving us forward on our mission to revolutionize the #DeFi space. Thank you again for believing in us! 🚀

[Principle68 @principle68]

According to statistics from the @BitMEXResearch, #BTCETF has experienced net outflows for two consecutive days.

There was an outflow of US$35.74m on the 21st, and the net outflow of GBTC covered that of other ETFs. There was a net outflow of US$56m on the 22nd with no details.

[Farside Insights @FarsideInsights]

Bitcoin ETF Flow - 22 Feb 2024

GBTC outflow $56m

[Principle68 @principle68]

3/
#XAU/USD and BTC/USD fell briefly, but #BTC quickly recovered the losses.

This may also be the reason why Powell once again stated during the weekend that an interest rate cut is possible this year, but based on current data, it will not occur in March.
#employment #inflation

[Principle68 @principle68]

1/
On Friday, the U.S. Department of Labor released employment situation for January. The unemployment rate remained at 3.7%, and nonfarm payroll employment increased to 353,000, far exceeding expectations.

[Principle68 @principle68]

2/
In addition, the annual rate of average hourly wage reached 4.5%, and the stubbornness of wage levels is hindering the reduction of inflation. After the data was released, the interest rate markets indicated that the possibility of a rate cut in March was reduced.

[Principle68 @principle68]

Now, with the 6-month lock-up period ending, CRV price at 0.4667, OTC buyers may sell above $0.4 for profit.

#CRV #curve #BTC #crypto 🔄💰

[Principle68 @principle68]

In August 2023, CRV founder Michael Egorov addressed liquidation risks by selling 159.4 million CRV for 63.76 million stablecoins via OTC at $0.4 each to enhance lending security.

[Principle68 @principle68]

It said that all monetary policy adjustments are based on economic data, but the current data does not support interest rate cut.

After the meeting, CEM’s latest interest rate pricing chart showed that the probability of a rate cut in March dropped to 35.5%.

[Principle68 @principle68]

Yesterday, the Federal Reserve held the January FOMC and maintained the federal funds rate at 5.25%-5.5%, in line with market expectations. At a subsequent press conference, Powell once again criticized the interest rate cut.
#FederalReserve #FOMC #InterestRates #economy

[Principle68 @principle68]

Market Snapshot:
1⃣ US timezone volatility spikes.
2⃣ BTC ETF approval to bolster US trading.
3⃣ Inflows tied to US monetary policy.
4⃣ Powell hints no immediate rate cuts, but CME forecasts suggest 46.6% chance of March rate cut, with Fed expected that by June.
#BTCETF #FOMC

[Principle68 @principle68]

🌐 We launched AlphaSync Bi-Directional Strategy, adopting ML and AI. 💼

💡 What sets AlphaSync apart? A conservative, leverage-free approach with stellar risk-reward metrics: Sharpe 4.19, Sortino 17.19, and Calmar 1.47. 📊

Read more: https://t.co/WyyLW6suI0
#cryptotrading

[Sage AI (0xGen labs)I AI meets Intents 🤖+ 🧠 @0xgen_io]

Attention❗️❗️❗️
🎉0xgen Strategic funding Round Led by Principle68🎉

We are thrilled to announce the completion of Strategic Funding round, which was successfully concluded.

The team is honored and grateful to gain the support from our incredible investors include @principle68 ,@BellaProtocol , @Phoenix_Chain ,Tensor Investment Corporation and X Labs.

In addition P68 is a professional institution focusing on quantitative trading and #WEB3 investments.

[Principle68 @principle68]

Some upcoming macro events have caught our attention. 🚨

The CPI data and the release of the #FOMC meeting minutes are expected to be closely watched by investors. These events could potentially trigger market fluctuations. 📉📈

[Principle68 @principle68]

https://t.co/qtrmvcbeMr

[Principle68 @principle68]

𝟐𝟎𝟐𝟐 𝐀𝐧𝐧𝐮𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭

#cryptomarket entered the fierce winter after the black swam events such as #LUNA and #FTX events.

We focused on #DeFi, #GameFi and #DID and wish to see more innovation in #2023NewYear.
https://t.co/jjTcnOcQsa

[Phoenix AI Labs @Phoenix_Chain]

We are glad to announce a long-term partnership with @Principle68 Capital for market making #MM🤝
Principle68 is an Asia-based systematic crypto trading firm focused on quantitative trading, asset management, and market making.
$phb #binance #BSC

[Principle68 @principle68]

What’s the core competitiveness of quantitative strategies?
https://t.co/GobcOIK2M7

[Principle68 @principle68]

https://t.co/8jCUGZk08Q