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Founded Year

2019

About Arrano Capital

Arrano Capital is focused on alternative investments in the blockchain and digital assets space.

Arrano Capital Headquarter Location

23/F, Lee Garden Five 18 Hysan Avenue

Causeway Bay,

Hong Kong

(+852) 3589 6938

Latest Arrano Capital News

Tezos, Waves, Enjin Price Analysis: 09 March

Mar 9, 2021

Crypto investment firm Digital Currency Group has hired a veteran of the financial services world as its first-ever chief financial officer. The firm said Tuesday that it hired Michael Kraines from Trading Technologies. Kraines, whose career on Wall Street includes more than 25 years in investment banking at Sandler O’Neill + Partners and Wasserstein Perella & Co, will lead DCG’s capital markets activity, ranging from raises to mergers and acquisitions. “Given its leading role in the development of valuable crypto offerings across the financial services ecosystem, I am delighted to join DCG to help accelerate its growth and positive impact on the industry,” Kraines said in a press statement. “I also look forward to increasing the opportunity for DCG to foster a deeper series of conversations regarding the future of crypto across the institutional community.” Kraines left Chicago-based Trading Technologies last month, shortly after its CEO, Rick Lane, announced his departure. The firm was reportedly in talks to be acquired by investment bank Goldman Sachs late last year before the prospective deal ultimately fell through. Kraines is also a board member at YCharts and crypto exchange CoinFLEX. Based in Connecticut, DCG is the parent company of investment company Grayscale, trading firm Genesis Global Trading, and media outlet CoinDesk. DCG’s hire of a chief financial officer comes amid an especially active period for crypto M&A. On Monday, payments giant PayPal confirmed it had acquired custodial services firm Curv in a deal reportedly valued at approximately $200 million. Earlier in the year, Coinbase, which could go public this spring at a near-$100 billion valuation, announced its acquisition of Bison Trails. Eric Risley, managing partner for Architect Partners, expects M&A activity will continue to grow in 2021, noting in an email to The Block that “the first two months suggests we’re on track to double transaction volume.” Last year, DCG made headlines for two acquisitions after it bought custodial service  Vo1t and crypto exchange Luno. “We will continue to be opportunistic and expect to ramp up our M&A activities at both the DCG and subsidiary level,” a DCG spokesperson told The Block. Crypto investment firm Digital Currency Group has hired a veteran of the financial services world as its first-ever chief financial officer. The firm said Tuesday that it hired Michael Kraines from Trading Technologies. Kraines, whose career on Wall Street includes more than 25 years in investment banking at Sandler O’Neill + Partners and Wasserstein Perella & Co, will lead DCG’s capital markets activity, ranging from raises to mergers and acquisitions. “Given its leading role in the development of valuable crypto offerings across the financial services ecosystem, I am delighted to join DCG to help accelerate its growth and positive impact on the industry,” Kraines said in a press statement. “I also look forward to increasing the opportunity for DCG to foster a deeper series of conversations regarding the future of crypto across the institutional community.” Kraines left Chicago-based Trading Technologies last month, shortly after its CEO, Rick Lane, announced his departure. The firm was reportedly in talks to be acquired by investment bank Goldman Sachs late last year before the prospective deal ultimately fell through. Kraines is also a board member at YCharts and crypto exchange CoinFLEX. Based in Connecticut, DCG is the parent company of investment company Grayscale, trading firm Genesis Global Trading, and media outlet CoinDesk. DCG’s hire of a chief financial officer comes amid an especially active period for crypto M&A. On Monday, payments giant PayPal confirmed it had acquired custodial services firm Curv in a deal reportedly valued at approximately $200 million. Earlier in the year, Coinbase, which could go public this spring at a near-$100 billion valuation, announced its acquisition of Bison Trails. Eric Risley, managing partner for Architect Partners, expects M&A activity will continue to grow in 2021, noting in an email to The Block that “the first two months suggests we’re on track to double transaction volume.” Last year, DCG made headlines for two acquisitions after it bought custodial service  Vo1t and crypto exchange Luno. “We will continue to be opportunistic and expect to ramp up our M&A activities at both the DCG and subsidiary level,” a DCG spokesperson told The Block. As predicted , less than a quarter into 2021, we are already seeing big, Asia-based companies building the infrastructure for institutional investors to jump into the crypto market. Huobi Asset Management just announced that the Hong Kong Securities and Futures Commission(SFC) has granted it a license to manage “portfolios that invest in virtual assets.”  To comply, Huobi must submit to being a regulated asset manager. With that regulatory approval, Huobi Asset Management plans to launch a BTC tracker fund, an ETH tracker fund and a multi-strategy digital asset fund. This is not Huobi’s first entry into the asset-management world. In July 2020, the firm applied for and received a Type 4 license, which allows them to advise clients on securities, and a Type 9 license, which allows them to manage clients’ assets. This week’s da bing looks into the state of Huobi’s institutional play and digs into why it must have a seat in the non-retail side of the business. Everyone is targeting institutional investors  Huobi isn’t the only player that has received the SFC’s precious license. Arrano Capital , the blockchain arm of Venture Smart Asia Limited, was the first SFC-approved asset manager with a dedicated crypto focus. It launched a BTC tracker fund in April 2020, buying and selling BTC only. Arrano has said it is interested in launching future funds that allow more active management of a basket of various tokens. Mai Capital, an alternative investment manager in Hong Kong, was the second asset manager that received SFC approval. The firm is now well into its second crypto quantitative fund , the “Bitcoin+ Investment Fund1,” which aims to track Bitcoin’s performance under different market conditions. It does not take much imagination to calculate the return of these two funds as BTC rallied above $50,000 in recent months. “Huobi Asset Management is not the first SFC licensed crypto fund manager but they are the first ‘branded’ tokenized fund that brings with it a compliant suite of diversified offerings for the institutional crypto market,” said Leslie Lamb , Head of Institutional Sales at Amber Group , a crypto finance firm. “It will serve as a necessary on-ramp for traditional investors in Asia looking for exposure to a regulated, actively managed crypto fund.”  Getting sophisticated  Huobi’s entry into the crypto asset management arena is an overall positive sign and adds more sophistication to the infrastructure. Compared to competing funds that are structured to track the OG coins— BTC and ETH—Huobi has a lot more to offer, especially in its multi-strategy fund. It’s built a veritable crypto empire covering services such as trading, custody, staking, and even yield farming. The industry insight Huobi can bring to the table will offer institutional investors and professional traders more sophisticated products. And the additional liquidity that results will further legitimize and solidify crypto as a viable asset class. Diversifying Huobi’s business  Huobi had been struggling since its founder Leon Li  was rumored to have gotten in trouble with the  Chinese government around its over-the-counter exchanges. Not only did Huobi launch its blockchain, HECO, much later than Binance launched it Binance Smart Chain. Some liquidity mining projects that were launched on Huobi are taking flak in Chinese media over allegations that they are draining users’ funds within hours. And more importantly, Huobi is competing with other headstrong China-focused exchanges such as Binance and OKEx. After launching its own credit card, Binance is becoming even more ingrained in retailers’ crypto journey. Huobi is seeking a less-traveled path to onboard institutional players. Getting over the regulatory hurdle is step one, but there will likely be bolder moves later on. For now, we don’t know the details around subscriptions to the Huobi fund. But if the data ever becomes available, it will be a flagship indicator of Asia-based institutions’ interest in the crypto world. The top 3 other things that happened in China last week 1. Meitu buying 40 million worth of BTC and ETH Oh, the days when your correspondent was obsessed with Meitu’s various filters and would not Instragram anything without a Meitu sanity check! Now, some years later, Meitu, a Hong Kong- listed Chinese photo retouching app with 300 million monthly active users, announced that it has purchased $40 million worth of BTC and ETH. The firm is also evaluating the possibility of launching a decentralized application . But this is not Meitu’s first crypto-related activity. In fact, it had gotten a black eye with blockchain and the ICO buzz back in 2018 when Wensheng Cai, Meitu’s CEO, launched a token, BEC, and a crypto wallet. Like most ICO tokens, BEC had no real use case, but the price shot up 4000% after it was listed on OKEx. It quickly tanked. Perhaps this time, it will be different. 2. Inner Mongolia banned crypto mining  This past week, I had the honor of joining a WeChat group where 500 people discussed buying laptops to mine crypto. The number of people who went on Taobao, China’s largest e-commerce platform, and shopped for suitable laptops, exploded. But not all mining activity has gone as smooth as laptop mining. One of the largest mining provinces, Inner Mongolia, announced that it plans to halt all new and existing bitcoin mining projects by the end of April. That’s because bitcoin mining is hampering the state from meeting the central government’s goal of achieving carbon neutrality in 2060. As a result, many mining farms would have to be forced to move to Sichuan province where abundant hydroelectricity has already industrialized crypomining. (And for those who have resources abroad, moving to places such as Texas where cheap and stable electricity becomes increasingly attractive.) 3. Meerkat Finance’s hacking drama on Binance Smart Chain (Obligatory disclosure: My day job is in corp dev at ConsenSys, an Ethereum incubator.) While DeFi projects getting hacked on Ethereum has become a norm, no one had attempted hacking the Ethereum clone Binance Smart Chain until last week. That’s when Meerkat Finance, a fork of Ethereum’s Yearn, reportedly got bit for $31 million a day after its mainnet launch. But the drama didn’t stop there. On March 6th, a developer behind Meerkat Finance announced that the “rugpull” was not a malicious act but a “test” of user’s greed and “subjectivity.” Jamboo, the anonymous dev, claimed on Telegram that it will refund 95% of funds in the vault while 5% will be compensated through its new project, XFarm. So basically, the team staged a hack but was unable to offload its theft, since Binance monitors its blockchain and could freeze the stolen funds. And now, the scam team has launched a new “product” in an attempt to trap more users? BSC is indeed playing a unique game. Do you know? “土狗” which means “mutt” in Chinese, refers to scam projects such as Meerkat Finance on China’s CEX’s blockchains. These projects fork Ethereum’s DeFi projects and tend to drain users’ liquidity within a few days of launch. As predicted , less than a quarter into 2021, we are already seeing big, Asia-based companies building the infrastructure for institutional investors to jump into the crypto market. Huobi Asset Management just announced that the Hong Kong Securities and Futures Commission(SFC) has granted it a license to manage “portfolios that invest in virtual assets.”  To comply, Huobi must submit to being a regulated asset manager. With that regulatory approval, Huobi Asset Management plans to launch a BTC tracker fund, an ETH tracker fund and a multi-strategy digital asset fund. This is not Huobi’s first entry into the asset-management world. In July 2020, the firm applied for and received a Type 4 license, which allows them to advise clients on securities, and a Type 9 license, which allows them to manage clients’ assets. This week’s da bing looks into the state of Huobi’s institutional play and digs into why it must have a seat in the non-retail side of the business. Everyone is targeting institutional investors  Huobi isn’t the only player that has received the SFC’s precious license. Arrano Capital , the blockchain arm of Venture Smart Asia Limited, was the first SFC-approved asset manager with a dedicated crypto focus. It launched a BTC tracker fund in April 2020, buying and selling BTC only. Arrano has said it is interested in launching future funds that allow more active management of a basket of various tokens. Mai Capital, an alternative investment manager in Hong Kong, was the second asset manager that received SFC approval. The firm is now well into its second crypto quantitative fund , the “Bitcoin+ Investment Fund1,” which aims to track Bitcoin’s performance under different market conditions. It does not take much imagination to calculate the return of these two funds as BTC rallied above $50,000 in recent months. “Huobi Asset Management is not the first SFC licensed crypto fund manager but they are the first ‘branded’ tokenized fund that brings with it a compliant suite of diversified offerings for the institutional crypto market,” said Leslie Lamb , Head of Institutional Sales at Amber Group , a crypto finance firm. “It will serve as a necessary on-ramp for traditional investors in Asia looking for exposure to a regulated, actively managed crypto fund.”  Getting sophisticated  Huobi’s entry into the crypto asset management arena is an overall positive sign and adds more sophistication to the infrastructure. Compared to competing funds that are structured to track the OG coins— BTC and ETH—Huobi has a lot more to offer, especially in its multi-strategy fund. It’s built a veritable crypto empire covering services such as trading, custody, staking, and even yield farming. The industry insight Huobi can bring to the table will offer institutional investors and professional traders more sophisticated products. And the additional liquidity that results will further legitimize and solidify crypto as a viable asset class. Diversifying Huobi’s business  Huobi had been struggling since its founder Leon Li  was rumored to have gotten in trouble with the  Chinese government around its over-the-counter exchanges. Not only did Huobi launch its blockchain, HECO, much later than Binance launched it Binance Smart Chain. Some liquidity mining projects that were launched on Huobi are taking flak in Chinese media over allegations that they are draining users’ funds within hours. And more importantly, Huobi is competing with other headstrong China-focused exchanges such as Binance and OKEx. After launching its own credit card, Binance is becoming even more ingrained in retailers’ crypto journey. Huobi is seeking a less-traveled path to onboard institutional players. Getting over the regulatory hurdle is step one, but there will likely be bolder moves later on. For now, we don’t know the details around subscriptions to the Huobi fund. But if the data ever becomes available, it will be a flagship indicator of Asia-based institutions’ interest in the crypto world. The top 3 other things that happened in China last week 1. Meitu buying 40 million worth of BTC and ETH Oh, the days when your correspondent was obsessed with Meitu’s various filters and would not Instragram anything without a Meitu sanity check! Now, some years later, Meitu, a Hong Kong- listed Chinese photo retouching app with 300 million monthly active users, announced that it has purchased $40 million worth of BTC and ETH. The firm is also evaluating the possibility of launching a decentralized application . But this is not Meitu’s first crypto-related activity. In fact, it had gotten a black eye with blockchain and the ICO buzz back in 2018 when Wensheng Cai, Meitu’s CEO, launched a token, BEC, and a crypto wallet. Like most ICO tokens, BEC had no real use case, but the price shot up 4000% after it was listed on OKEx. It quickly tanked. Perhaps this time, it will be different. 2. Inner Mongolia banned crypto mining  This past week, I had the honor of joining a WeChat group where 500 people discussed buying laptops to mine crypto. The number of people who went on Taobao, China’s largest e-commerce platform, and shopped for suitable laptops, exploded. But not all mining activity has gone as smooth as laptop mining. One of the largest mining provinces, Inner Mongolia, announced that it plans to halt all new and existing bitcoin mining projects by the end of April. That’s because bitcoin mining is hampering the state from meeting the central government’s goal of achieving carbon neutrality in 2060. As a result, many mining farms would have to be forced to move to Sichuan province where abundant hydroelectricity has already industrialized crypomining. (And for those who have resources abroad, moving to places such as Texas where cheap and stable electricity becomes increasingly attractive.) 3. Meerkat Finance’s hacking drama on Binance Smart Chain (Obligatory disclosure: My day job is in corp dev at ConsenSys, an Ethereum incubator.) While DeFi projects getting hacked on Ethereum has become a norm, no one had attempted hacking the Ethereum clone Binance Smart Chain until last week. That’s when Meerkat Finance, a fork of Ethereum’s Yearn, reportedly got bit for $31 million a day after its mainnet launch. But the drama didn’t stop there. On March 6th, a developer behind Meerkat Finance announced that the “rugpull” was not a malicious act but a “test” of user’s greed and “subjectivity.” Jamboo, the anonymous dev, claimed on Telegram that it will refund 95% of funds in the vault while 5% will be compensated through its new project, XFarm. So basically, the team staged a hack but was unable to offload its theft, since Binance monitors its blockchain and could freeze the stolen funds. And now, the scam team has launched a new “product” in an attempt to trap more users? BSC is indeed playing a unique game. Do you know? “土狗” which means “mutt” in Chinese, refers to scam projects such as Meerkat Finance on China’s CEX’s blockchains. These projects fork Ethereum’s DeFi projects and tend to drain users’ liquidity within a few days of launch. Bitcoin saw a 7.5% price increase today as the cryptocurrency raised by a total of $1,640 to climb back above $54,000, for the first time since February 22. Looking at the past trading days, BTC had bounced from support at $47,200 (.382 Fib) over the weekend as it closed the daily candles above the critical 20-day EMA. On Sunday, it managed to break above $50,000 once again, which allowed it to push higher and close yesterday’s candle at $52,480 (bearish .618 Fib Retracement and crucial resistance area). Today, Bitcoin continued above $52,480 but encountered the next major resistance at $54,000, where it is currently trading now. As mentioned in our previous analysis, an inverse Head & Shoulders pattern was forming on the 4-hour charts, indicated by the blue curves. In addition to this, there were also hints of bullish divergence showing toward the end of February, indicating the bearish pressure might be coming to a halt, along with rising demand around the $47-48K area, which marked a local bottom. The surge above $52,480 today allowed Bitcoin to break the neckline of the H&S pattern as it starts to play out. The termination level of this pattern would provide a new ATH price at $60,736. BTC Price Support and Resistance Levels to Watch Key Support Levels: $53,000, $52,480, $51,000, $50,000, $47,200. Key Resistance Levels: $54,000, $55,000, $56,112, $57,685, $58,355, $59,718 – $60,000. Looking ahead, the first level of resistance beyond $54K lies at $55,000 (bearish .786 Fib Retracement). This is followed by $56,112 (1.414 Fib Extension – purple), $57,685 (1.272 Fib Extension – blue & ATH-day closing price), and then at $58,355 (ATH). Beyond the ATH level, which was recorded on February 21, resistance lies at $59,718 (short term 1.272 Fib Extension – green), $60,000, and $60,736 (short term 1.414 Fib Extension – green & target level of the inverse H&S pattern). On the other side, the first level of support lies at $53,000. This is followed by $52,480 (previous resistance), $51,000, and $50,000. Added support then lies at $47,200 (.382 Fib) and $44,750. The daily RSI is now well above the 50 level as the bulls dominate the market momentum, indicating a bull run has already started to form. Bitstamp BTC/USD Daily Chart Bitstamp BTC/USD 4-Hour Chart

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