Trakx

We are creating new standards for crypto investments. Our Crypto Tradable Indices (CTIs) are crypto baskets that offer thematic diversification, simplified access, enhanced liquidity 24/7, auto-rebalancing, high compliance, top security. Learn more: trakx.io/products

Last week was a bit of a mixed bag for digital assets. Prices fall because unanimous expectations of a further rate cut by the Fed fail to offset last-minute election jitters. 📊 🥇 BTC Momentum (+1.2%) 🥈 Bitcoin Control15 (+0.5%) 🥉 Inflation Hedge (+0.2%) Our benchmark Top10 Crypto CTI slipped 1.5% on the week notwithstanding a positive contribution from the market cap leader Bitcoin. Indeed, the Trakx Bitcoin Momentum CTI was the best performer over the past seven days, gaining 1.2%. At the other end of the performance stack was the Recovery, NFT Metaverse and Gaming CTIs, all of which dipped by more than 11%. 📰 Trakx News 🔸 Ryan Shea published the October crypto monthly update Crypto Countdown looking at how things stand ahead of this week’s US presidential election. Read more about it: https://lnkd.in/gXcPRbR9 📰 Weekly Market News 🔸 Bitcoin traders eye key levels as US jobs shock sends BTC price past $71K. 🔸 #Trump reaffirms support for Bitcoin on Satoshi’s whitepaper anniversary. 🔸 #Bitcoin slips as Trump's odds plummet, pushing crypto liquidations above $315M. 🔸 New #Satoshi reveal grift just dropped: charge £500 entry. 🔸 UBS joins #BlackRock and Franklin Templeton with tokenised investment fund. 🔸 MakerDAO founder proposes strict deflationary tokenomics amid rebranding process. Read more on: https://lnkd.in/ds7jVMeB

October may have started slow, but the crypto rally finally arrived! 📈 Despite a late start, the Trakx Top10 Crypto CTI closed the month up by 5%, maintaining its record-breaking year and leading all major asset classes in 2024 with a 37% return! 🔥 In this bull market, #Bitcoin is holding a strong dominance, a unique trend possibly fueled by the launch of spot ETFs and the recent media buzz like HBO’s documentary on #SatoshiNakamoto. Read the monthly Ryan Shea's analysis on: https://lnkd.in/gXcPRbR9

This week, Trakx’s Top10 Crypto CTI experienced a slight decline of -1.7%, reflecting cautious market sentiment amid macroeconomic uncertainties. 📊 🥇 DEX (+2.2%) 🥈 Inflation Hedge (-0.1%) 🥉 Bitcoin Control15 (-0.3%) Institutional activity remains a key driver of price dynamics, with BTC ETF inflows reaching nearly $1 billion. This marks the third consecutive week of positive flows, underscoring growing institutional interest as the market eyes regulatory approval for multiple spot Bitcoin ETFs. In response to this influx, Bitcoin’s dominance has edged upward, indicating that capital is increasingly consolidating around blue-chip assets. Retail sentiment also strengthened, with retail BTC holdings growing by 18,000 BTC since July, showing sustained interest from small investors. 👀 In summary, the week’s crypto market movement is shaped by institutional inflows, retail accumulation, macroeconomic indicators, and geopolitical tensions. Bitcoin and blue-chip assets appear well-supported, while altcoins and sector-specific tokens face selective investor interest ahead of the U.S. election. 📰 Trakx News 🔸 TRKX trading competition with Cede Store is ongoing and will end in two weeks: https://lnkd.in/dCVY7bfE 🔸 #Zealy campaign is live: https://lnkd.in/dzibu49T 🔸 TRKX liquidity mining campaign is live on Merkl: https://lnkd.in/divXnsJj 📰 Weekly Market News 🔸 Retail BTC holdings surged, increasing by 18,000 BTC since the July local bottom. 🔸 BTC ETF net inflows reached $997.7 million for a third week, signaling strong institutional interest. 🔸 #Microsoft’s shareholder guidance opposes Bitcoin as a diversification investment. 🔸 DOJ investigates potential misuse of #Tether in illicit activities. 🔸 Denmark proposes "mark-to-market" taxation for crypto. 🔸 #Coinbase introduces “Based Agent” to quickly set up crypto wallets with AI agents. Read more on: https://lnkd.in/dmt_defi

Last week was a positive one for digital assets, as reflected in our benchmark Top10 Crypto CTI gaining 7%. 📈 🥇 DEX (+10.0%) 🥈 Gaming (+9.4%) 🥉 Bitcoin Ether (+9.2%) The top performing sector last week was the DEX CTI, up a solid 10%, closely followed by the Gaming and Bitcoin-Ether CTIs, both of which rose by over 9%. Such was the breadth of the rally that none of the Trakx CTIs were in the red, with the weakest performer being the Lending CTI, which gained just shy of 1% over the preceding seven days. 📊 📰 Trakx News 🔸 We are pleased to announce that the TRKX token has successfully listed on Gate.io, MEXC, Bit2Me, BingX, and QuickSwap, with daily volumes already surpassing $1 million. The team is diligently working on developing token utilities, including staking options and discounted fees on the Trakx platform. Stay tuned for more updates by following our official social media accounts! 📰 Weekly Market News 🔸 #Bitcoin “Trump Trade” returns as BlackRock’s ETF brings in another $1 billion. 🔸 #Harris explicitly announces support for crypto just weeks before election. 🔸 #Trump’s World Liberty Financial token crashed and burned. 🔸 The mysterious AI #memecoin GOAT soars 57%. 🔸 #Tesla transfers $760 million in Bitcoin to unknown wallets, fueling sale rumors. Read more on: https://lnkd.in/drnhGTMW

On the whole, crypto prices were flattish over the prior seven days as highlighted by the Trakx Top10 Crypto CTI gaining just 0.7% over the period. 📊 🥇 Meme (+10.5%) 🥈 Diversifier (+2.1%) 🥉 Top 10 DeFi (+1.5%) This performance metric of the Top 10 Crypto Index masks a very distinct shift in momentum that occurred during the week as early negative price momentum was overcome by bullish demand – a trend that should persist if Uptober lives up to its name! Regards the best performer within the suite of Trakx CTIs, the Meme CTI came top of the table, rallying 10.5% as crypto investors sought distraction from the generally low vol environment. By contrast, the weakest performer was the Interoperability CTI, after it dipped 3.1%. 📈 📰 Trakx News 🔸 We are proud to announce that we have successfully closed the public sale rounds on Dao Maker, Bit2Me, Finceptor, TrinityPad, and Poolz. In addition, we have secured multiple listing venues for the TRKX: Gate.io, BingX, Bit2Me, MEXC and Quickswap effective from today. This major milestone is another step forward for our project and are all excited about this next chapter! 📰 Weekly Market News 🔸 Peter Todd named Satoshi Nakamoto in HBO documentary 🔸 Trump-supported World Liberty Financial will start public token sale next week 🔸 Ripple Labs Co-Founder donates $1 million in XRP to pro-Kamala Harris PAC 🔸 Millennials pick crypto over other assets as $84tn wealth transfer looms 🔸 Avalanche Foundation to repurchase tokens sold to Terra's LFG in 2022 deal, pending court approval 🔸 British man sues council for $647M over lost Bitcoin in landfill Read more on: https://lnkd.in/eZPUdUj4

October is commonly referred to as “Uptober” due to historically positive seasonals for crypto asset prices. Despite such apparent tailwinds, things got off to a wobbly start as highlighted by the Trakx Top10 Crypto CTI declining by 7% over the preceding seven day period. 📊 🥇 Inflation Hedge (-0.5%) 🥈 Bitcoin Control15 (-1.5%) 🥉 Meme (-1.8%) The best performer was the defensive Inflation Hedge CTI, which dipped 0.5%, while at the bottom of the performance stack was the NFT Metaverse CTI, which fell in value by 13%. Hitting crypto investor enthusiasm was a surge in geopolitical tension in the Middle East.. 📰 Weekly Market News 🔸Trakx’s public token sale began in early October and was extremely well received by the market: Bit2Me books closed in a day, and DAO Maker’s USDT book was over 8 times oversubscribed. This week, we are launching on other major launchpads: Trinity Pad, Poolz, and Finceptor. 🔸 Ryan Shea's September Crypto Monthly Update entitled “Good Vibrations” considers whether a bullish crypto scenario is in play as we head into the final quarter of 2024. 📰 Weekly Market News 🔸Crypto prices tumble with #Ethereum below $2,500 as Iran fires missiles at Israel. 🔸Mystery creator of #Bitcoin identified, new HBO documentary claims. 🔸Trump leads Harris on #Polymarket after Musk endorsement. 🔸Bitcoin “Uptober” might finally be getting started. 🔸New Ethereum proposal aims to increase throughput by 50%. Read more on: https://lnkd.in/dJPy4u_p

Will history repeat itself? Will the final quarter of 2024 turn out to be bullish for crypto prices? 🔍 Key components for a bullish crypto scenario are falling into place: favourable seasonality, improving global liquidity conditions, and the current halving, which hasn’t mirrored yet the bullish price action seen in previous halvings. Read Ryan Shea’s Monthly (September) to get the answers! 👇 https://lnkd.in/dtSm4VGJ

If you implement high crypto security standards to protect your digital assets, nobody can steal your assets or stop your transactions. ✅ However, this freedom comes at a cost: the responsibility of using good security measures and best practices. 👇 https://lnkd.in/dQrvSnQ4

Trakx security update! 🛡️ As part of our ongoing commitment to best-in-class asset security, we are pleased to announce that we have enhanced our approach by fully transitioning to a trusted third-party custodian for private key management. This ensures the highest level of protection for your assets, with industry-leading security protocols. 🔐 Here’s what this means for you: 🔸 No single team member at Trakx can ever move user funds. 🔸 Transactions require multiple signatories through MPC (Multi-Party Computation), adding an extra layer of security. 🔸 Funds are insured by the custodian for your peace of mind. Additionally, we’re expanding access to over 60 protocols and supporting non-standard transactions, including bulk transfers, to enhance scalability and flexibility for our users. Stay tuned for more updates as we continue to improve! 💪