Invictus Capital: Weekly Wrap 19.11

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Market News

Bitcoin had its worst-performing week since May as it slumped below 57k while Ethereum also struggled dipping below 4k. The steep sell-off — without a clear catalyst aside from technical factors — drove $883 million in liquidations on Wednesday. Most alts followed suit to fall over 10%, with the notable exception of some metaverse tokens like SAND and MANA continuing their relentless growth. The C10 fund avoided much of the downside by holding 50% of its assets in cash this week.

Another exception to the selloff was Crypto.com’s CRO token that re-entered C20 this week and surging almost 50% following the announcement that they had spent $700 million to secure the naming rights to the Staples Center in California — home to the LA Lakers and the Grammy Awards. The 20 year deal is staggering considering Crypto.com is only five years old and the ninth-largest crypto exchange by daily trading volume.

While stock markets haven’t cratered alongside crypto this week, traditional markets continue to grapple with the potential for hawkish central banks derailing the stock market bull run. This week’s strong retail and manufacturing numbers in key regions including the US may be viewed in a positive light, however, cynics point to this as signs that consumers are bracing for inflation — increasing the likelihood that central banks will be forced to act. The market reaction has, however, been obscured by a growing pandemic wave in Western Europe.

Highly-vaccinated Austria has just imposed a new COVID lockdown in response to case numbers that rival earlier peaks. Thankfully, mortality rates remain comparatively low. These events have driven some risk-off sentiment, with tech stocks outperforming the broader market (which is still up). Bonds also had a good few days, with yields falling and the dollar strengthening, the latter weighing down gold over the week.

Indicators (12 November — 19 November)

The Invictus Podcast: Episode 10

The latest Invictus Podcast episode features Air Guitar Academy & The Saint Eclectic. They discussed all things NFTs, including:

  • The current industry & what’s next
  • Investing advice
  • Launching your own project

Watch the podcast here.

Invictus Incubations: Invictus Makes Foray Into Fast-growing NFT Space

Invictus is proud to announce involvement in two new NFT projects: The Invictus NFT Lab — Out Of Africa Collection and the incubation of Air Guitar Academy. Check out the Litepaper.

Read more in the post here.

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 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.

Borrow Against Your Crypto With Peace of Mind

Crypto users can now borrow against their crypto secure in the knowledge that their investment will not get liquidated.

Invictus Alpha (the trading company of Invictus Capital) has engineered a new product that is offering users the opportunity to borrow USD-based stablecoins (or BTC and ETH) against BTC and ETH with no risk of liquidation.

Check out the articles here and here. To inquire, please complete this form.

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

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