DDI Blockchain Weekly (September 3rd – 9th)

3 min read

It was a week to forget for crypto bulls as the market crashed on Wednesday, losing $40 billion in less than 24 hours. The plunge seems to have been triggered by news that Goldman Sachs was ditching its plans to open up a crypto trading desk. And despite the bank coming out to call the reports ‘fake news’, the market continued to fall, albeit less dramatically. Markets ended the week below $200 billion, thus wiping out the steady gains achieved during the second half of August. Although virtually every crypto saw red, eyes were particularly focused on one market… Ethereum…...

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Dr Justin Chan Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.