Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>Solana, currently the fifth-largest cryptocurrency, has made a remarkable resurgence, particularly since the beginning of 2023.</li><li>This comeback is extremely impressive given that many had written off Solana after the collapse of Sam Bankman-Fried’s FTX empire in November 2022.</li><li>FTX had been crucial in promoting Solana and establishing its vital network effect from the start.</li></ul>

Solana, currently the fifth-largest cryptocurrency, has made a remarkable resurgence, particularly since the beginning of 2023.This comeback is extremely impressive given that many had written off Solana after the collapse of Sam Bankman-Fried’s FTX empire in November 2022.FTX had been crucial in promoting Solana and establishing its vital network effect from the start.

Crypto Moves #38 – Ethereum versus Solana

Digital Asset Management Firm, Etherbridge

Etherbridge

Digital Asset Management Firm

Etherbridge is a digital asset management firm investing in the value of information and trust

<ul><li>Financial markets are a humbling mechanism.</li><li>The past two weeks remind us just how difficult predicting the future can be.</li><li>Since our market cycle indicator signalled a crypto slowdown on June 2nd, we have been risk-off.</li></ul>

Financial markets are a humbling mechanism.The past two weeks remind us just how difficult predicting the future can be.Since our market cycle indicator signalled a crypto slowdown on June 2nd, we have been risk-off.

<ul><li>In recent weeks, Bitcoin has shown signs of life, almost reaching $70,000 this morning.</li><li>In our view, it is only a matter of time before we break through this psychological level.</li><li><span style="font-weight: 400;">Enough about Bitcoin. As promised in last week’s <a href="https://stenoresearch.com/crypto-moves/give-the-ethereum-etfs-a-week-then-it-is-up-only/" target="_blank" rel="noopener">Crypto Moves #36</a>, this Crypto Crisp will focus on Ethereum ETFs. </span></li></ul>

In recent weeks, Bitcoin has shown signs of life, almost reaching $70,000 this morning.In our view, it is only a matter of time before we break through this psychological level.Enough about Bitcoin. As promised in last week’s Crypto Moves #36, this Crypto Crisp will focus on Ethereum ETFs. 

<ul><li>On March 7 of this year, we dedicated an entire edition of Crypto Moves to discussing our belief that this crypto bull market is the least speculative one yet.</li><li>This edition, Crypto Moves #18, was aptly named: “The Least Speculative Bull Market,” and included the following summary:“The crypto market is getting less speculative by the minute.</li><li>There is no need to chase the next big thing by risking funds on obscure altcoins or memecoins.</li></ul>

On March 7 of this year, we dedicated an entire edition of Crypto Moves to discussing our belief that this crypto bull market is the least speculative one yet.This edition, Crypto Moves #18, was aptly named: “The Least Speculative Bull Market,” and included the following summary:“The crypto market is getting less speculative by the minute.There is no need to chase the next big thing by risking funds on obscure altcoins or memecoins.

Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio

Metals, Ores, and Mining Firms, Mint Finance

Pranay Yadav

Metals, Ores, and Mining Firms

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Cross Asset Strategy

<ul>
<li>The SEC's approval of 19b-4 forms marks a critical step towards spot Ethereum ETFs, signaling a potential near-term final approval that could drive significant ETH spot buying.</li>
<li>Despite recent gains following ETF approval news, Ethereum remains a laggard in the crypto rally, underperforming relative to Bitcoin and smaller cryptocurrencies like Solana, BNB, and Dogecoin.</li>
<li>Bitcoin faces headwinds from an expected influx of supply due to Mt. Gox repayments and losses from the DMM hack, which could pressure BTC prices in the short term.</li>
</ul>


The SEC's approval of 19b-4 forms marks a critical step towards spot Ethereum ETFs, signaling a potential near-term final approval that could drive significant ETH spot buying.
Despite recent gains following ETF approval news, Ethereum remains a laggard in the crypto rally, underperforming relative to Bitcoin and smaller cryptocurrencies like Solana, BNB, and Dogecoin.
Bitcoin faces headwinds from an expected influx of supply due to Mt. Gox repayments and losses from the DMM hack, which could pressure BTC prices in the short term.


Long ETH, Short BTC on Expected ETH ETF Approval

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Solana (SOL CURNCY)

Crypto Moves #38 – Ethereum versus Solana

Solana, currently the fifth-largest cryptocurrency, has made a remarkable resurgence, particularly since the beginning of 2023. This comeback is...

Steno Research

The Printer is Coming

Financial markets are a humbling mechanism. The past two weeks remind us just how difficult predicting the future can be.

Etherbridge

Crypto Crisp: Short-term Patience

In recent weeks, Bitcoin has shown signs of life, almost reaching $70,000 this morning. In our view, it is only a matter of time before we break...

Steno Research

Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio

On March 7 of this year, we dedicated an entire edition of Crypto Moves to discussing our belief that this crypto bull market is the least...

Steno Research

Long ETH, Short BTC on Expected ETH ETF Approval

SEC approval of 19b-4 forms paves way for spot Ethereum ETFs, while ETH lags behind in crypto rally. ETHBTC ratio may have present further upside.

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Crypto Moves #38 – Ethereum versus Solana

Solana, currently the fifth-largest cryptocurrency, has made a remarkable resurgence, particularly since the beginning of 2023. This comeback is...

Steno Research

The Printer is Coming

Financial markets are a humbling mechanism. The past two weeks remind us just how difficult predicting the future can be.

Etherbridge

Crypto Crisp: Short-term Patience

In recent weeks, Bitcoin has shown signs of life, almost reaching $70,000 this morning. In our view, it is only a matter of time before we break...

Steno Research

Crypto Moves #35 – Keep Altcoins at an Arm’s Length From Your Portfolio

On March 7 of this year, we dedicated an entire edition of Crypto Moves to discussing our belief that this crypto bull market is the least...

Steno Research

Long ETH, Short BTC on Expected ETH ETF Approval

​SEC approval of 19b-4 forms paves way for spot Ethereum ETFs, while ETH lags behind in crypto rally. ETHBTC ratio may have present further upside.

Mint Finance

SEC approval of 19b-4 forms paves way for spot Ethereum ETFs, while ETH lags behind in crypto rally. ETHBTC ratio may have present further upside.