Hillstone Finance Weekly Update (Mar 20~ 24)

Hillstone Finance
3 min readMar 24, 2023

Welcome to the weekly update from Hillstone Finance. We have brought one news for this week:

  1. Duk-hyun Hong participated in the NBN news

NBN News(Mar 13)

Q1. How will the current banking crisis and recession affect the cryptocurrency market?

A1. The current market situation is highly uncertain and risky.

Under these circumstances, investors should make investment decisions more carefully and also focus on risk management.

The current situation may increase market instability in the short term, but in the long run, cryptocurrency may be recognized as a safe asset.

Q2. What is the market equilibrium point?

A1. The market equilibrium point refers to the point where demand and supply are balanced with each other.

Investors can be safe and reasonable to wait until they reach a market equilibrium point and then proceed with their investments.

In the current market, investors should act in the direction of preserving assets rather than betting on them.

It is necessary to find stable investment opportunities while watching the volatility of the market.

Q3. What do you think of the outflows that occurred outside of the United States and the fluctuations in the United States?

A3. In fact, most of the outflow occurred in countries outside the United States.

This shows that investors’ behavior may vary depending on market conditions and regulations by country.

As the market changes rapidly, Inflow is expected to recover and investors’ trust is expected to recover in the future.

Q4. TVL of the Arbitrum-based decentralized exchange Camelot DEX surpassed $100 million. What do you think?

A4. The Arbitrum ecosystem is steadily growing.

It is showing that it is doing well even after Token Airdrop.

It is said that ARB is currently trading in OTC for about $0.9, which could lead to a further rise in price after the Camelot listing.

Q5. Recently, open interest on Bitcoin futures hit a new year high of $12 billion. What are the prospects for the future?

A5. The Bitcoin futures market is closely related to the growth of the cryptocurrency market.

As Bitcoin prices rise, futures open interest is also on the rise. This reflects the recovery and growth of the cryptocurrency market and is expected to continue in the long term.

As the popularity of the futures market increases, many investors will participate, but be careful about risks such as liquidity hunting.

Q6. How will the U.S. banking crisis affect the crypto ecosystem?

A6. Regulations may be tightened in the short term. Strengthening regulations can have a negative impact temporarily, but in the long run, I think it will be a factor that can strengthen the cryptocurrency ecosystem.

The collapse of various financial systems will act as a negative factor in the cryptocurrency market in the short term, but in the long run, it is expected to empower the significance of Bitcoin’s birth.

Q7. What are the prospects for Amazon’s entry into the NFT market?

A7. Most of the industry is responding positively.

The Block evaluated that Amazon, which has more than 300 million active users, is a possible company that can attract the public who are new to blockchain.

Dave Broome, CEO of NFT Studio Orange Comet, expected Amazon’s entry to the market would change the landscape of NFT and digital collectibles.

Chris Akhavan, chief game officer at Solana-based NFT marketplace Magic Eden, predicted that Amazon could be a huge success in Web 3.0 games, considering that it has a deep relationship with the game through Twitch.

That is all for this weekly update.

Thank you.

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