Invictus Capital: Weekly Wrap 04.02
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Despite intermittent bouts of volatility, Bitcoin spent most of the week trading sideways, looking to close out the week at around $38,000. Altcoins led a strong recovery from last week’s lows, with Ethereum putting in an admirable performance and appreciating 10% to close out above $2,800.
Global equities, particularly US tech, were more volatile — hurting the oft-heard, but laughable argument from some regulators that crypto’s volatility made it unsuitable for investment by the retail public. The bubbly conditions in these markets were laid bare by massive declines on disappointing earnings from tech stocks including Meta (-20%) and PayPal (-15%). Not all suffered, though, with some companies defying expectations and broader market sentiment to climb. This included Google (+11%), Amazon (flat) and Netflix (+5%, though coming off a large decline last week). Many of these tech stocks didn’t move in a straight line, shifting dramatically in after-hours trading — particularly Wednesday onwards.
Today, the market rout is continuing, with the good-news-is-bad-news narrative continuing as Friday’s strong US payroll numbers (467k jobs were added, against an estimate of 150k) do nothing to diminish market expectations of coming interest rate hikes — with the yield curve flattening as rates rise across the board. Gold is one of the few assets holding its ground.
In a positive development for the Bitcoin mining industry. Russian president Vladimir Putin has reportedly backed a government proposal to tax and regulate the mining of cryptocurrencies, rejecting the central bank’s proposal to ban it completely. With an abundant energy supply, Russia could become a major player in the crypto mining industry.
Indicators (28 January–04 February)
- Invictus Margin Lending (IML): $1.32, +5.71% (weekly compound annualized rate)
- Crypto10 Hedged (C10): $7.11, +0.07%
- Crypto20 (C20): $3.13, +1.67%
- Invictus Bitcoin Alpha (IBA): $2.00, -0.65%
- Invictus Hyperion Fund (IHF): $0.505 (Updated Q4–21)
- Invictus Capital Token (ICAP): $8.55, +22.55%
- BTC: $37,077.98, -0.42%
- ETH: $2,692.92, +11.43%
- GOLD: $1,805.43, +0.47%
- S&P500: 4,477.44, +3.49%
The Invictus Podcast: Episode 14
Our host Matthew Finlayson chatted to Alexis Boshoff & Heinrich Meiring, the Product Lead & Executive Vice President of SolStreet.
Topics covered include how DeFi compares to TradFi, STRT tokens, and how to get started on the protocol.
The Invictus Roadmap
We are excited to announce the upcoming Invictus Capital roadmap and new features coming up in the next few months.
Find out about upcoming Regulatory updates, the Polygon token swap, new wallet features, the Invictus App, and the Yield Vault.
Invictus Yield Vault
Invictus Capital is thrilled to announce the public launch of the Invictus Yield Vault. The Yield Vault allows qualifying lenders the opportunity to lend a minimum amount of $25,000 BTC, ETH and/or Stablecoins for highly competitive interest rates to Invictus Alpha, Invictus Capital’s trading division.
The minimum for 12 and 18 month loans has been reduced to $10,000.
The Vault is now seamlessly integrated into the investor portal on the Invictus Capital website! Prospective crypto lenders now have a single web location to effortlessly view Yield Vault information, crypto lending interest rates, FAQ information, and contact our Yield Vault Team.
To view our rates and contact our Vault team, please visit our landing page.
Schedule a call with the Invictus Sales Team
Schedule a call with Tom or Ivor from our Fund Sales team if you have any questions or need assistance with your Invictus investment(s).
Alternatively you can call us on +1 (345) 769–7491 between 7:00–16:00 GMT.
Other News & Links
- Invictus in the Press / News
1. Invictus Capital plan to establish an institutional sales office in Switzerland
- Syntropy News
1. Technology Update: A Letter from Syntropy CTO
- Putin Backs Crypto Mining Despite Bank of Russia’s Hard Line
- Quantfury News
1. For January 2022, the latest month of Quantfury spread revenues, $0.0248 in ETH worth of QDT tokens was minted and available for pay and burn per each QTF token
- Meta’s Share Price Wipe-Out Shakes World Tech Stocks
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