-$400 million USD in Bitcoin sent to exchanges for sale (not bullish)-BTC dropped by $1,000 immediately following last week’s CPI data (inflation)-The higher CPI data means a larger rate hike by the Federal Reserve on Sept. 21-ETH Merge was largely a buy the rumor sell the news event as prices ran up ahead of the Merge but have now declined-September historically is not a good month for investors. In fact, since 1950, September has been the worst-performing month of the year for stocks across all major averages.

-$400 million USD in Bitcoin sent to exchanges for sale (not bullish)-BTC dropped by $1,000 immediately following last week’s CPI data (inflation)-The higher CPI data means a larger rate hike by the Federal Reserve on Sept. 21-ETH Merge was largely a buy the rumor sell the news event as prices ran up ahead of the Merge but have now declined-September historically is not a good month for investors. In fact, since 1950, September has been the worst-performing month of the year for stocks across all major averages.

Here are my latest thoughts on the stock market and crypto market, followed by some news on Ethereum…

• With the S&P 500 back up to 4,200 — just 11% below the all-time-highs — we are officially coming out of the bear market. This has been our stance here at Cabot SX Crypto Advisor over the past several weeks. I am urging readers to begin to consider putting cash to work in the face of historic equity and crypto outflows.
• July’s 0% month-over-month CPI inflation data was a great sign that pricing pressures are easing.

This week’s edition of Cabot SX Crypto Advisor will be a bit more brief than usual as I recently came down with covid. Luckily, I am vaccinated and recovering well. Each of the past few days has been a bit better than the last.

Wishing all of you good health and good fortune!



Turning to cryptocurrency markets, we are finally seeing the bounce that we all have been waiting for.

We reverted to the mean. Markets have corrected significantly, falling back towards their longer-term averages.
Crypto, which was more resilient than the Nasdaq for a time, has now taken a hit.


This begs the question: What is investible in a time like today?

Thank you to all of our new subscribers, we are extremely excited to have you as readers! We continue to work to bring valuable investment insights to help navigate this environment and generate positive returns. Current subscribers – thank you for sticking with us during this recent downdraft for global markets.
When we launched Cabot SX Crypto Advisor under two months ago, all indices began to experience a significant contraction. As a result, our two model portfolios have remained largely in cash.

We want to take a moment to highlight breadth across the overall markets. Many individual stocks are down well over 50%, while indices have remained more stable. Why? The composition of the S&P 500 is weighted heavily towards mega-cap technology companies. Stocks like Apple, Amazon, and Google remain near all-time highs, bolstered by the overall current flight to quality. Investors remain enticed by buybacks, splits, and fundamental cash flow generation.

Many investors are simply asking themselves: what do I buy right now if anything at all?



Demand for unprofitable assets has fallen off precipitously.

Becoming a great investor stems from a passion for learning. Learning new things is what gets me up every morning.

In Cabot SX Crypto Advisor, I will always make my best attempt to distill information concisely and clearly to you the audience so that you can make more informed, independent decisions.



This type of character development transcends assets and instead enables us to develop a rigorous, analytical framework. Sound and lucrative investments take conviction and time to compound. Therefore, concrete theses must be built piece by piece from solid research to identify great businesses and the correct holding period.

Due to changing business conditions, Cabot has decided to end the SX Crypto Advisor publication. I want to personally thank everyone who subscribed and tuned in to our webinars. It has been a pleasure to provide you with this research content, I hope you enjoyed reading despite the tough year in the markets.

You will receive further information from the company regarding this closure process.

• Ethereum Name Service (ENS) is up 7.5% this week while global markets are down
• FTT, the native token of crypto exchange FTX, surged 7% after a report that payment giant Visa (V) has partnered with the exchange to roll out crypto debit cards. “Even though values have come down there’s still steady interest in crypto,” Visa Chief Financial Officer Vasant Prabhu told CNBC
• Deloitte predicts 75% of merchants are currently looking to adopt cryptocurrencies as part of their digital payment strategies

The largest lender in the U.S. is now using blockchain. The bank also just announced they plan to hire about 2,000 more software developers worldwide by the end of the year according to Lori Beer, the chief information officer. JPM is making huge investments in computer science while other competitor financial institutions have lagged. JPM plans to spend $14 billion dollar on technology this year.

To kick things off to better understand the world today, I want to start with recent comments by John Paulson. John made his fortune shorting subprime mortgages during the 2008 housing bubble.

Here we highlight comments on gold because it is one of the world’s most traded and highly sought-after commodities. Gold does share traits with Bitcoin, and BTC should trade similarly to gold over the next 10 years.

It has been a bullish weekend for crypto after SEC Chairman, Gary Gensler, issued a statement saying that Bitcoin and Ethereum should be regulated by the Commodities and Futures Trading Commission (CFTC), while “tokens” or cryptocurrencies that share the characteristics of equities should be regulated by the Securities and Exchange Commission (SEC).

ENS domains are now the top traded NFT collection, according to the leading NFT marketplace OpenSea.

ENS (Ethereum Name Service) trading volume is rising at a 43% week-over-week clip despite other NFT projects falling in value.

Following the fed summit at Jackson Hole, global markets retreated as investors try to understand the pace of interest rate increases.

Interest represents the time value of money. Borrowers rent money and pay interest for its use.

The Ethereum Name Service (ENS) has reached a milestone of two million “.ETH” names created, just three months after it took them five years to generate one million addresses!

ENS operates like GoDaddy. These .ETH domains allow users to attach their digital wallet to the address, replacing the need for difficult-to-remember alphanumeric “0x” codes akin to IP addresses.



Web users can simply type in a text web address thanks to DNS.

Cryptocurrency markets have had a very good month led by Ethereum-based projects. Our crypto portfolio of Ethereum (ETH), Polygon (MATIC), and Ethereum Name Service (ENS) are all performing very well, and this trend is expected to continue.

Cryptocurrency markets are rebounding significantly, led by our investments in Ethereum (ETH) and ETH-based projects.

Both Polygon (MATIC) and Ethereum Name Service (ENS) are performing very well.

CFTC Commissioner Caroline Pham expressed support for cryptocurrency by criticizing the SEC’s enforcement approach. The following is an important statement, as crypto industry leaders including Sam Bankman Fried are calling for clearer regulatory guidance.

Based on resilient price action and cumulative strong earnings reports, we are purchasing another 2.5% stake in Okta, Inc (OTKA). Increasing our total position to 5% of the equity portfolio. We will continue to build a position in this name. From a technical perspective, we look for tradable stocks that are building a strong base, forming a cup and handle pattern. Furthermore, in my experience, stocks and cryptocurrencies breaking above their 21-day moving averages on volume can run.

Bitcoin is rallying today up 4.61% when compared to the broader market which is flat. The Nasdaq is up slightly, with small caps leading today’s modest rally.

Today we are adding Arista Networks (ANET) to our Watchlist.

We launched Cabot SX Crypto Advisor during a time of extreme global uncertainty.

We are adding the Proshares Strategy Bitcoin ETF, ticker symbol: BITO to our stock portfolio today. We are purchasing a quarter of our expected total position of 10%. There are several reasons why we may increase the weight to overweight and bring our total holdings over 10% in time. We highlight these below.

Terra (LUNA) is demonstrating very strong intraday price action – moving from $82 to $87. It is now up over 8% on a day when other names are flat or negative. LUNA is outperforming broader indices.

Since first recommending LUNA several weeks ago, price has been volatile. Today, we reiterate our conviction in holding LUNA over a multi-year period.