Your daily snapshot from the Messari screener.
Our research team has been playing around with the new Messari Pro Screener and we wanted to share some of the interesting data sets they put together. Most of this data is for subscribers only but you can get a free preview of what Messari Pro provides by clicking on the screener links below. If you like what you see, sign up for a seven-day free trial and get the tools you need to make smarter decisions.
ICO Returns
Even well-funded projects have seen their tokens fall in value. A user asked us to look at performance for large ICOs The results - of projects that raised more than $100 million only Tezos has given investors a positive return.
Mainnet Launches
Mainnet launches are often seen as positive catalysts for price, but that hasn't been the case in 2019. Projects that launched a mainnet this year have seen negative returns recently, especially in $BTC terms.
Now, on to our weekend reads…
Messari’s weekend reads:
The Story of Us: Full Series - Tim Urban
The Uphill Battle LAOs Will Face - Mohamed Fouda
Halo: Recursive Proof Composition without a Trusted Setup - Electric Coin Company
Pax Bitcoiniana: After The Last Country on Earth - Felipe Gaúcho Pereira
A most peaceful revolution - Nic Carter
Derivatives in Crypto - Jack Purdy
America needs a dead hand - Adam Lowther and Curtis McGiffin
Whither Skynet? An American “dead hand” should remain a dead issue - Luke O’Brien
On DeFi and OpFi - Rocco
Community updates:
Over the last few weeks, our community analysts have been hard at work building out the “Investopedia” of crypto. More than 80 pages have been completed with many additional boards to take your learning to the next level.
This week our top contributors were Regan Grishaber, Adian Mott, Alex Gedevani, Max Hinchman, and Steve Miller. Go give them a follow and keep up to date with all their awesome work!
We have big things in store for our analysts, and are excited for what’s to come! If you’re interested in joining email jack@messari.io with some examples of work you’ve written.
Registry updates:
Across projects on the Messari Registry, there were a few significant updates this week. Check them out on our weekly updates board and remember to create and share your own boards for a chance to be featured in Monday’s newsletter.
Upcoming events:
Ryan will be leading a panel on Market Infrastructure and Data Transparency on September 17, 2019, at the second installment of The Path Forward for Digital Assets in NYC. Check out the event here.
Jack will be at the CoinAlts Fund Symposium in Chicago on September 26. If you will be at the event let us know on Twitter.
Have a good weekend y’all.
- The Messari Team
P.S. Share. Subscribe. Tweet at Messari for feedback, comments, or questions.
Messari Compression Algorithm
Content and thoughts from around the web as summarized by the Messari team.
🏛 [Analysis] Institutional cryptocurrency interest is booming, regulations need to catch up - Diana Ngo
"Institutions are coming" is an often repeated mantra in all circles of digital assets. But a rapidly growing suite of institution-grade products for investing and trading crypto is starting to attract traditional financial entities into the industry. Bitcoin Magazine contributor Diana Ngo explains that institutionalization is a necessary next step for cryptocurrency to reach mainstream global acceptance, and lists a plethora of crypto-native companies building these products. But regulators need to take notice and keep pace, Ngo argues, claiming that regulation is "a key challenge hampering institutional adoption." (share or read more)
🔌 [Analysis] Bitcoin uses a lot of energy, so where are the energy companies? - Brandon Green
It's an indisputable fact that Bitcoin uses a lot of energy, writes Bitcoin Magazine contributor Brandon Green. In fact, Bitcoin uses approximately 41 terawatt-hours (TWh) of energy per year, which is roughly equal to the annual energy consumption of the entire country of New Zealand, according to CoinShares’ June 2019 mining report. Would it make sense for energy companies to pay more attention to bitcoin mining? Green thinks so. " Energy suppliers should be clamoring over the opportunity to get a steady, predictable power use customer, and Bitcoin is exactly that," he writes. (share or read more)
Quick Bits (Don't read that, I read it for you)
Choke Points (Exchange News)
📈 The Chicago Mercantile Exchange (CME Group) announced its intention to increase in the spot month position limit for its bitcoin futures contracts in a letter to the U.S. Commodity Futures Trading Commission (CFTC) Thursday. The limit would jump from 1,000 contracts per spot month to 2,000 for any single investor. Each contract is for five bitcoin. The change would allow a trader’s maximum exposure to double from 5,000 bitcoin to 10,000 bitcoin. (share or read more)
Startup Signals (ICOs, Cryptos, and Startups)
♎️ Facebook-led Libra stablecoin is expected to launch by the end of the next year, according to an executive from the Libra Association, the non-profit behind the stablecoin. “We are firmly maintaining our launch schedule, between the end of the first half of the year and the end of 2020,” Bertrand Perez, managing director and chief operating officer of the Libra Association, told French news magazine Les Echos in an interview published Thursday. (share or read more)
🚀 Bitcoin.com is preparing to launch a futures contract for Bitcoin Cash ($BCH). David Shin, head of Bitcoin.com’s recently launched crypto exchange, told Bloomberg that he has initiated talks to list a BCH derivatives product on a Commodity Futures Trading Commission (CFTC)-regulated exchange. The move is aimed at making BCH the second-or third-largest crypto by market cap “within a year,” he said, adding: “To get from No. 4 to No. 3 or No. 2, we have to see more volume.” (share or read more)
💰 Kaiko, a crypto market data provider, has closed a €5 million seed round led by Anthemis Group and Point Nine Capital, with participation from CoinShares, ConsenSys and Olymp Capital. The company plans to use the funds to expand its crypto pricing coverage into new products like low latency order book data for algorithmic trading. (share or read more)
The Powers That Be (Legal/Reg/Policy)
🇪🇺 European governments are working on plans to launch a public digital currency in response to perceived threats by private digital currencies. The project is intended to allow consumers to use digital cash, deposited at the ECB, without the need for bank accounts or other financial intermediaries. This announcement comes after EU authorities explicitly mentioned the threat that Libra poses to consumers, financial stability and even "the sovereignty of European states." (share or read more)
Did I miss something?
Send me the link, your twitter handle and your best imitation compression algorithm write up. If I like it, I’ll include your bit next issue (with attribution).
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