Energy Transition | AI | Shifting World Order, Mint Finance

Pranay Yadav

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Cross Asset Strategy

<ul>
<li>The SEC's approval of 19b-4 forms marks a critical step towards spot Ethereum ETFs, signaling a potential near-term final approval that could drive significant ETH spot buying.</li>
<li>Despite recent gains following ETF approval news, Ethereum remains a laggard in the crypto rally, underperforming relative to Bitcoin and smaller cryptocurrencies like Solana, BNB, and Dogecoin.</li>
<li>Bitcoin faces headwinds from an expected influx of supply due to Mt. Gox repayments and losses from the DMM hack, which could pressure BTC prices in the short term.</li>
</ul>


The SEC's approval of 19b-4 forms marks a critical step towards spot Ethereum ETFs, signaling a potential near-term final approval that could drive significant ETH spot buying.
Despite recent gains following ETF approval news, Ethereum remains a laggard in the crypto rally, underperforming relative to Bitcoin and smaller cryptocurrencies like Solana, BNB, and Dogecoin.
Bitcoin faces headwinds from an expected influx of supply due to Mt. Gox repayments and losses from the DMM hack, which could pressure BTC prices in the short term.


Long ETH, Short BTC on Expected ETH ETF Approval

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>It’s been a break-through week for Crypto bros in many ways.</li><li>First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald Trump fully endorsed the crypto space in his speech at the Libertarian Party forum over the weekend.</li><li>Crypto has broken through to K-street and on top of the obvious positive side-effects, a BTC or an ETH is now becoming a politicized asset.</li></ul>

It’s been a break-through week for Crypto bros in many ways.First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald Trump fully endorsed the crypto space in his speech at the Libertarian Party forum over the weekend.Crypto has broken through to K-street and on top of the obvious positive side-effects, a BTC or an ETH is now becoming a politicized asset.

Steno Signals #101 – Introducing the Washington DC Crypto Put!

Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Crypto

<ul><li>Indeed, this has been a remarkable week.</li><li>In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the 2024 Presidential Election, along with Trump’s unexpected pro-crypto stance, might push Biden to publicly support the crypto industry.</li><li>This move would aim to attract the growing number of pro-crypto voters.</li></ul>

Indeed, this has been a remarkable week.In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the 2024 Presidential Election, along with Trump’s unexpected pro-crypto stance, might push Biden to publicly support the crypto industry.This move would aim to attract the growing number of pro-crypto voters.

Crypto Moves #29 – What to Expect from the Ethereum Spot ETFs?

<ul><li>Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto.</li><li>Firstly, let us discuss the pending decision by the U.S. Securities and Exchange Commission (SEC) regarding an Ethereum spot Exchange-Traded Fund (ETF).</li><li>The SEC is poised to approve or reject the VanEck Ethereum ETF application by May 23.</li></ul>

Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto.Firstly, let us discuss the pending decision by the U.S. Securities and Exchange Commission (SEC) regarding an Ethereum spot Exchange-Traded Fund (ETF).The SEC is poised to approve or reject the VanEck Ethereum ETF application by May 23.

Crypto Moves #28 – U.S. Election Puts Crypto on the Map

<ul><li>We have entered the week before the U.S. Securities and Exchange Commission (SEC) must decide on VanEck’s Ethereum spot ETF application, with a decision due next Thursday, May 23.</li><li>It is expected that the outcome for this application will set a precedent for all the other Ethereum ETF applications.</li><li>This issue of Crypto Crisp focuses extensively on the Ethereum spot ETF.</li></ul>

We have entered the week before the U.S. Securities and Exchange Commission (SEC) must decide on VanEck’s Ethereum spot ETF application, with a decision due next Thursday, May 23.It is expected that the outcome for this application will set a precedent for all the other Ethereum ETF applications.This issue of Crypto Crisp focuses extensively on the Ethereum spot ETF.

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

Long ETH, Short BTC on Expected ETH ETF Approval

SEC approval of 19b-4 forms paves way for spot Ethereum ETFs, while ETH lags behind in crypto rally. ETHBTC ratio may have present further upside.

Mint Finance

Steno Signals #101 – Introducing the Washington DC Crypto Put!

It’s been a break-through week for Crypto bros in many ways. First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald...

Steno Research

Crypto Moves #29 – What to Expect from the Ethereum Spot ETFs?

Indeed, this has been a remarkable week. In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the...

Steno Research

Crypto Moves #28 – U.S. Election Puts Crypto on the Map

Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto. Firstly, let us...

Steno Research

Crypto Crisp: Your Move, Gary Gensler

We have entered the week before the U.S. Securities and Exchange Commission (SEC) must decide on VanEck’s Ethereum spot ETF application, with a...

Steno Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Long ETH, Short BTC on Expected ETH ETF Approval

​SEC approval of 19b-4 forms paves way for spot Ethereum ETFs, while ETH lags behind in crypto rally. ETHBTC ratio may have present further upside.

Mint Finance

Steno Signals #101 – Introducing the Washington DC Crypto Put!

It’s been a break-through week for Crypto bros in many ways. First, the SEC made a massive u-turn and approved the spot ETH ETF and then Donald...

Steno Research

Crypto Moves #29 – What to Expect from the Ethereum Spot ETFs?

Indeed, this has been a remarkable week. In last week’s Crypto Moves #28, we noted that the tight race between President Biden and Trump in the...

Steno Research

Crypto Moves #28 – U.S. Election Puts Crypto on the Map

Today, we need to address two critical topics, both connected to the U.S. regulatory landscape and, unsurprisingly, to crypto. Firstly, let us...

Steno Research

Crypto Crisp: Your Move, Gary Gensler

We have entered the week before the U.S. Securities and Exchange Commission (SEC) must decide on VanEck’s Ethereum spot ETF application, with a...

Steno Research

SEC approval of 19b-4 forms paves way for spot Ethereum ETFs, while ETH lags behind in crypto rally. ETHBTC ratio may have present further upside.