| DAEM Latest Updates |
| |
 |
| |
| Market Overview |
| |
Crypto market trading volume decreased to $87.54 billion over the past week. Bitcoin prices increased by 0.55% over the week to trade at $66,050 on Wednesday. Ethereum prices decreased by 0.97% for the week to $3,452 on Wednesday.
|
| Hong Kong to launch Asia's first inverse Bitcoin ETF |
| |
CSOP's new inverse Bitcoin ETF aims to profit from BTC price declines following their successful 2022 launch of the firm's Bitcoin Futures ETF.
On July 23 2024, Hong Kong will see the launch of Asia's first Bitcoin futures inverse product, the CSOP Bitcoin Future Daily (-1x) Inverse Product (7376.HK).The new exchange-traded fund (ETF) by CSOP Asset Management — one of the largest asset managers in China — aims to offer investors a method of profiting from declines in the price of Bitcoin.
This development follows the successful launch of the CSOP Bitcoin Futures ETF (3066.HK) in December 2022, continuing the firm's expansion in the Asia-Pacific region.
The CSOP Bitcoin Futures Daily (-1x) Inverse Product is designed to offer investment results that correspond closely to the inverse daily performance of the S&P Bitcoin Futures Index. This inverse product achieves this through a futures-based replication strategy, which invests directly into spot-month Chicago Mercantile Exchange Bitcoin Futures.
According to a CSOP company post on July 22 2024, the product is set to be listed on the Hong Kong Stock Exchange (HKEX) with a listing price of approximately 7.8 Hong Kong dollars per unit.
(Source: Cointelegraph)
|
| Spot Ethereum ETFs Approved to Start Trading on July 23 2024 |
| |
The Securities and Exchange Commission today approved the listing of multiple spot Ethereum exchange traded funds, ending a more than eight-month process that reflected both the unpredictable path of cryptocurrency investments but also the skyrocketing appetite for them.
The ETFs based on the spot price of ether, the second largest cryptocurrency with a $420 million market capitalization and token of the Ethereum smart contracts blockchain, will likely begin trading on July 23 2024.
21Shares, Franklin Templeton, Bitwise, Fidelity, and Invesco which filed an application jointly with Galaxy, all confirmed their approvals in emails to etf.com. BlackRock and VanEck also received approvals.
(Source: Yahoo Finance)
|
|
| |
|
| |
|
|
| |
|
|
| |
| |
 |
| |
| ixCrypto Index Series |
| |
| |
Affected by overall crypto sentiment and volatility, ixCrypto Index was closed at 12,531 points on Wednesday, up 2.5% for the week; ixBitcoin Index was closed at 15,909 points, up 2.8% for the week; ixEthereum Index was closed at 29,917 points, up 2.7% for the week; ixCrypto Stablecoin Index was closed at 1000.14. ixBitcoin SP Index up 2.8% over the week while ixEthereum SP Index up 2.7% over the same period.
| Index | Index Level
(as of 2024-07-24) | Weekly % Change |
| ixCrypto Index | 12531 | +2.5% (+304) |
| ixBitcoin Index | 15909 | +2.9% (+435) |
| ixEthereum Index | 29917 | +2.7% (+777) |
| ixCrypto Stablecoin Index | 1000.14 | -0.03691% (-0.36925) |
| ixBitcoin SP Index | 65863 | +2.8% (+1801) |
| ixEthereum SP Index | 3482 | +2.7 % (+90) |
Note:
3 ixCrypto Benchmark indexes are rebased to have same base date and level (Base value is 1000 and base date is 3 Dec 2018) for the purpose of easy comparison. The Spot Price Index series provides a single price for the market at every 5 second interval real-time, USD-equivalent spot rate for the most representable coins in the world. Each of the 5-second interval disseminated indexes is an average price of the coin in 10 exchanges which will be reviewed quarterly. They are designed for mark-to-market use.
|
| |
| |
|
|
| |
| |
| |
| Top 5 Weekly Best Performers |
| Coins | Price | 7 Days Change |
 Helium | $5.12 | +21.56% |
 THORChain | $4.65 | +11.37% |
 Solana * | $171.52 | +5.80% |
 Dogecoin * | $0.13 | +3.13% |
 XRP * | $0.60 | +2.73% |
|
| |
| Top 5 Weekly Worst Performers |
| Coins | Price | 7 Days Change |
 Hedera * | $0.07 | -12.46% |
 Stacks | $1.74 | -12.46% |
 Conflux | $0.16 | -12.45% |
 NEAR Protocol * | $5.67 | -11.77% |
 Algorand | $0.14 | -11.76% |
Note:
* IXCI Constituents
Above data is based on the top 50 crypto coins by market cap
|
| |
| |
|
|
| |
| |
| |
| About US |
| |
| |
IX Fintech Group is a Hong Kong based digital assets award winning company, including HK FinTech Awards, HK FinTech Impetus Awards, IFTA Awards and TADS Awards. The company's mission is to bridge the traditional finance and new digital finance in a secured and compliant way. In the past 3 years, the Group won awards in different areas including cross boarder payment solution, blockchain technology, wealth management and trading platform etc.
|
|
|
| |
| About DAEM |
| |
| |
The Digital Asset Exchange Machine (DAEM) is the first next generation De-Fi ATM installed with post quantum computing security. The machine enables the exchange between cash and digital assets (cryptocurrencies, real asset backed tokens, and security tokens). DAEM Technology aims to build the best next generation digital asset financial framework, targeted to facilitate exchange between traditional assets and digital assets. The whole system is truly decentralized, meaning the savings of the customers are all on the blockchain but not in the machine. The machine is also prepared with a full set of KYC function for future regulatory adoption. Every transaction here is tri-protected by network security, time protected token (example OTP) and a patented encryption technology from a Canadian partner IronCAP which supercomputer cannot hack.
|
|
|
| |
| About ixWallet |
| |
| |
ix Wallet is a decentralized digital asset wallet launched by ixFintech Group together with DAEM. Users can easily manage their digital assets and conduct transactions through the wallet APP. All user assets are stored on the blockchain similar with DAEM. In addition, ixFintech has cooperated with two overseas technology companies to apply their patented digital ID verification solutions and post-quantum encryption technology to the ixWallet, and build the e-wallet of choice to move in line with the world digital asset development and customer demand.
|
|
|
| |
|
|
| |
|
|
| |
