Crypto Three Things (9/15)

Thursday, Sep 15th 2022

Commentary

Ethereum Merge live

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” ― Pablo Picasso


1) Ethereum Merge takes effect: The most popular blockchain underwent its highly-anticipated makeover called the Merge as the network successfully shifted to a proof-of-stake mechanism. Ethereum morphed its Mainnet with the Beacon chain, ending power-hungry mining and moving into a new, greener system. The revamp will boost transaction speed, reduce fees, and slash energy consumption by 99%.

Titan’s Takeaway: The Merge is crypto’s most ambitious software upgrade to date and marks the end of an era that ushered in millions of people drawn in by mining rewards. Post-Merge, the freshly repaved digital-asset highway will pay interest, potentially enticing legacy investors.

2) JPMorgan backs crypto firm: Ownera, a startup building interoperability infrastructure for blockchain, announced a $20M Series A funding that includes Wall Street mainstay, JPMorgan. The fresh capital will be used to develop Ownera’s platform that connects tokenized securities of institutional money managers. The network is based on the open-source FinP2P protocol that seeks to digitize capital markets. 

Titan’s Takeaway: After giving blockchain the cold shoulder in early 2018, JPMorgan has warmed to the disruptive tech. The bank’s latest move adds to several crypto initiatives, such as blockchain-based collateral settlements with BlackRock and several BTC funds.  

3) Two Sigma raises $400M funds: The venture arm of hedge fund Two Sigma has raised $320M to be funneled into the firm’s fourth early-stage fund and another $80M for its second opportunities fund. The firm expects to benefit from the risk-off investment climate that has lowered valuations and reduced competition. Two Sigma Ventures has backed Web3 and DeFi firms such as Pyth, Rally, and Rift Finance.

Titan’s Takeaway: Supporting the next generation of founders is even more rewarding in a challenging market environment as it requires deeper due diligence and extensive research. We’re looking with excitement to see who Two Sigma supports next.

As of this writing, ETH, BTC were a portfolio holding of Titan. This security may cease to be a portfolio holding at some point in the future.
Back to Research ↗

Learn with titan

Investment articles and resources

Become the smartest investor you've ever been through straightforward, easy-to-read investment articles.

What Is a Bull Market? Definition, Overview & Characteristics


What Are the SEP IRA Contribution Limits for 2022?


How to Open a SEP IRA


What Are Growth Stocks?

Ready to become a client?

It’s time to give your wealth a future.

We'll be right here by your side.

Various Registered Investment Company (“RIC”) products offered by third-party fund families and investment companies are made available on the platform. Certain of these RIC products are offered through Titan Global Technologies LLC. Other RIC products are offered to advisory clients by Titan. Before investing in such RIC products you should consult the specific supplemental information available for each product. Please refer to Titan's Program Brochure for important additional information.

The cash sweep program is made available in coordination with Apex Clearing Corporation through Titan Global Technologies LLC. Please visit www.titan.com/legal for applicable terms and conditions and important disclosures.

Cryptocurrency advisory services are provided by Titan. Cryptocurrency trading is provided by Apex Crypto LLC. Apex Crypto is not a registered broker-dealer or a member of SIPC or FINRA. Cryptocurrencies are not securities and are not FDIC or SIPC insured. Apex Crypto is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Titan Global Technologies LLC. Please ensure that you fully understand the risks involved before trading: www.apexcrypto.com/legal.

Information provided by Titan Support is for informational and general educational purposes only and is not investment or financial advice.

Contact Titan at support@titan.com. 508 LaGuardia Place NY, NY 10012.

© Copyright 2022 Titan Global Capital Management USA LLC. All Rights Reserved.

Legal

Privacy

Terms

Careers

Press

Help Center