St, 31 floor | New York, NY 10022 Ken XuanAC CRYPTO ...p7inn10sujf2n60123a9j5f1-wpengine.netdna-ssl.com/... · For Reg AC certification and other important disclosures, see Disclosures,

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Thomas J Lee CFA AC

Head of Research

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Robert Sluymer CFAAC

Head of Technical Strategy

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Sam Doctor AC

Head of Data Science Research

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L Thomas BlockPolicy Strategist

tomblockfundstratcom

twitter TomBlock_FS

Portfolio Strategy Quantitative StrategyTechnical Strategy Washington amp Policy

Strategy

For Reg AC certification and other important disclosures see Disclosures Slide 40

Crypto Currency Strategy

Thomas J Lee CFA AC

Robert Sluymer CFAAC

Sam Doctor AC

Ken Xuan AC

Alex KernwwwFundstratcom | Bloomberg FSGA ltltGOgtgt

Benchmark Crypto IndicesWeekly Performance Analysis

FS CryptoFX 10Large-cap

FS CryptoFX 40Mid-cap

FS CryptoFX 250Small-cap

FS CryptoFX 300Top 300

Commodities Platforms Exchanges Privacy Stable Coins

FS CryptoFX AggAll-cap

FS FX Eq WeightTop 50

+70 +53 -27 +64 +63 +35

+99 +27 +24+103 -01

For the week ended on July 29Updated as of July 29 at 8 pm ET

7302018

Ken XuanAC

CRYPTO CURRENCY STRATEGY

Slide 2

Source Fundstrat Bloomberg Factset

The Fundstrat Research Team

Thomas J Lee CFACo-Founder Head of ResearchIn research 25 years

Prior to founding Fundstrat Mr Lee was at JP Morgan from 1999 to 2014 and served as Chief Equity Strategist from 2007 to 2014 He was top-ranked by Institutional Investor every year since 1998 Previously served as Managing Director at Salomon Smith Barney Mr Lee graduated from the undergraduate program at the Wharton School University of Pennsylvania

Sam DoctorHead of Data Science ResearchIn research 18 years

Head of Data Science Research Former US Small and Mid Cap Technology Analyst and India Small Mid Cap Strategist at JP Morgan Chase

Rob Sluymer CFAHead of Technical Analysis StrategyIn research 26 years

Head of Technical Research with over 26 years experience writing technical research at RBC Capital Markets

L Thomas BlockWashington and Policy StrategistHead of JPM policy 21 years

Tom had a 21-year career at JP Morgan serving as Global Head of Government Relations Prior to joining JP Morgan Chase in 1987 he previously worked in Washington and held several positions with members of the House and Senate serving as Legislative Assistant and Chief of Staff in the House and Legislative Staff Director in the Senate

Alex KernResearch AnalystIn research 3 years

Previously conducted blockchain technology research with Digital Currency Group Prior to that Alex was a Fintech and Payments Equity Research Associate with Cowen amp Co Alex received his BA in History from the University of Pennsylvania in 2014

Ken XuanQuantitative AnalystIn research 4 years

Data scientist with expertise in applied mathematics and statistical analysis Ken was an operations strategy consultant at West Monroe Partners Ken received a BS degree in Management Economics from Purdue University in 2013 and an MS degree in Operations Research from Columbia University in 2017

For exclusive use of Fundstrat clients

For exclusive use of Fundstrat clients Slide 3

Executive Summary

bull Overview

bull SIZE FS Large-cap 10 FS Mid-cap 40 FS small-cap 250

bull SECTOR Commodities

bull SECTOR Platforms

bull SECTOR Exchanges

bull SECTOR Privacy

bull SECTOR Stable coins


Overview Where to find these indices

Figure The Fundstrat Crypto-currency Indices

Fundstrat reference indices

Market Value Tickers

Index Description

Index

Price

$

millions

share

crypto Bloomberg Yahoo Finance Trading View Financial Times

Sector Indices

FS Crypto Commodity Likely to be classified as commodities $114 $190557 58

FS Crypto Platform Enables decentralized applications 111 $111605 34

FS Crypto Privacy Tokens with anonymity features 75 $10779 3

FS Crypto Exchange Tokens associated with exchanges 121 $2913 1

FS Crypto Stablecoin Tracks the fiat currencies 100 $2312 1

Market-Cap based Indices

FS Crypto 10 Top 10 largest Crypto-currencies $169 $274045 84

FS Crypto 40 Top 11-50 based on market value 149 $33374 10

FS Crypto 50 Eq Wt Equal weighted FS Crypto 10 and 40 161 $307419 94

FS Crypto 250 Top 51-300 based on market cap 120 $13448 4

FS Crypto 300 FS Crypto 10 40 and 250 163 $324294 99

FS Crypto Aggregate Aggregate index 164 $325968 100

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Exchange

which was up 103

The best performing

size-based index was

FS CryptoFX 10

which was up 70

Over the past 7 days

the FS CryptoFX Agg

Index increased by

63 compared with

a 06 increase for

the SampP 500

06

02

09

(02)

04

14

(03)

(04)

(25)

108

15

63

70

53

(27)

99

27

24

103

(01)

37

02

31

(00)

05

(28)

(05)

(23)

(74)

322

70

193

208

143

113

292

111

66

111

(01)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx

Salient Risk Parity Idx

BBG Commodity TR Idx

BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250

FS CryptoFX Commodity

FS CryptoFX Platform

FS CryptoFX Privacy

FS CryptoFX Exchange

FS CryptoFX Stablecoin

7D Performance () 30D Performance ()


OverviewRelative Performance



Base date of Cap based Indices is 93017 and Sector Indices is 33118


At a GlanceState of Indices

Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin

FS 10FS 300FS AGGFS 40FS EQWFS 250

FS Commodity FS Ex changeFS PlatformFS Stable CoinFS Privacy

345678910

Bitcoin Size-based Indices Sector-based Indices

Bitcoin

FS 10

FS 300

FS AGGFS 40

FS EQW

FS 250

FS CommodityFS Ex change FS Platform FS Stable CoinFS Privacy

40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Bitcoin

FS 10FS 300FS AGGFS 40 FS EQW FS 250

FS CommodityFS Ex changeFS Platform FS Stable CoinFS Privacy

-25 -20 -15 -10 -5 0

Bitcoin

FS 10FS 300

FS AGGFS 40FS EQWFS 250

FS CommodityFS Ex change

FS Platform

FS Stable Coin

FS Privacy

95 100 105 110 115 120 125

Bitcoin


FS Commodity FS Ex changeFS Platform FS Stable Coin

40 42 44 46 48 50 52

Source Coinmarketcapcom Bloomberg other sources and Fundstrat



Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )

FS Commodity FSTOKCTB $11509 0014004 2 50 (6) 1120 1178 50 (28) 85 292 (59 )

FS Exchange FSTOKDEX $12520 0015234 3 44 (8) 1077 1038 50 104 21 111 39

FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39

FS Platform FSTOKPLT $11248 0013687 9 46 (18) 1029 1001 43 (16) (11) 111 28

FS Stable Coin FSTOKSTB $9989 0012154 10 52 (0) 999 998 45 02 01 (01) 01

FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36

FS Privacy FSTOKPVT $7697 0009365 12 43 (5) 1019 1013 39 (67) (36) 66 06


966

879

848

889

959

60

70

80

90

100


Slide 8

Figure 90D Rolling Correlation ndash Bitcoin vs Size indices and vs Sector indicesOver last 100 days

FS Crypto

Size

Indices

At a GlanceCorrelation

993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices

Bitcoin is most correlated to the

sector index FS Commodity

with a 90D correlation of 993

In the past week the largest

change in correlation was FS

Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin


size index FS 10 with a 90D

correlation of 966



250 (-55)



At a GlanceState of Tokens 1 of 2 Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54

Ethereum Classic ETC $1691 0002058 17 102726980 16 53 (22) 1008 1052 47 17 (28) 107 (44 )

MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA


At a GlanceState of Tokens 2 of 2

aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62

FS Stable Coin -02 FS Exchange 21 FS 250 60 FS 250 98 FS Stable Coin -02

FS Exchange -121 FS Stable Coin 12 FS Stable Coin 00 FS Eq Wt 57 FS Platform 73 FS Commodity -58

BTC -121 BTC -42 BTC -50 BTC 34 BTC 61 BTC -61 BTC 166 BTC 108

FS Commodity -133 FS Commodity -52 FS Commodity -63 FS Exchange 29 FS 10 60 FS 10 -68 FS Commodity 153 FS Exchange 103

FS 10 -144 FS 10 -60 FS 10 -81 FS Commodity 28 FS 300 59 FS Privacy -71 FS 10 106 FS Commodity 99

FS Agg -154 FS Agg -63 FS Privacy -83 FS Privacy 20 FS Agg 59 FS 300 -73 FS 300 103 FS 10 70

FS 300 -155 FS 300 -63 FS Agg -93 FS 300 18 FS Commodity 55 FS Agg -73 FS Agg 103 FS 300 64

FS Platform -175 FS Platform -64 FS 300 -93 FS Agg 18 FS Eq Wt 51 FS Exchange -76 FS 250 93 FS Agg 63

FS Privacy -190 FS Privacy -68 FS Platform -123 FS 10 11 FS Exchange 48 FS Platform -85 FS 40 78 FS 40 53

FS 40 -203 FS 40 -71 FS Exchange -148 FS Platform 10 FS Privacy 43 FS 40 -90 FS Eq Wt 71 FS Eq Wt 35

FS Eq Wt -204 FS Eq Wt -82 FS 40 -149 FS Stable Coin -11 FS 40 34 FS Eq Wt -109 FS Privacy 55 FS Platform 27

FS 250 -229 FS 250 -102 FS Eq Wt -161 FS Stable Coin 01 FS 250 -122 FS Platform 45 FS Privacy 24

FS 250 -192 FS Exchange 02 FS Stable Coin -01

FS Stable Coin 02 FS 250 -27


OverviewPerformance Quilt

Figure Crypto Performance QuiltPast 8 weeks

Source Fundstrat Bloomberg

Here we look at the

relative performance of

our benchmark indices

using a performance

quilt

The best performing was


Index which was up

108 In the prior week

this index was up 02

The worst performing

was FS CryptoFX 250

Index which was down




SIZEIndices vs BTC

Figure Size-based Indices Price Ratio to BTCPast 6M


FS Crypto 10 (large-cap)

vs BTC

FS Crypto 40 (mid-cap)

vs BTC

FS Crypto 250 (small-cap)

vs BTC

1M rel BTC 1W rel BTC3M rel BTC



The 6M price performance

of the size-weighted

indices are plotted

Over the past week the

best performing of the size

indices was FS CryptoFX

10 which was down 34

The worst performing over

that timeframe was FS

CryptoFX 250 which was

down 122

Over the past month the







down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week


mid-cap vs large-cap was

down 17

Over the past week


small-cap vs large-cap

was down 91

Over the past week


small-cap vs mid-cap was

down 75


Size RotationSize Pairs

Figure Size Pairs Price RatioPast 6M


Mid-cap vs Large-cap

FS Crypto 40 FS Crypto 10

Small-cap vs Large-cap


Small-cap vs Mid-cap


1M Delta 1W Delta3M Delta



-17-54-283

-91-78-384

-75-26-140


SectorsSectors vs BTC

Figure Sector Price Ratio to BTCPast 6M


Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC


of the sector indices are

plotted


best performing of the

sector indices was FS

Exchange Index which was

down 04 The worst

performing over that

timeframe was FS Privacy


75




Commodity Index which

was down 22 The worst




194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC


Sector RotationSector Pairs

Figure Sector Pairs Price RatioPast 6M


Platforms vs Commodities

Platforms vs Exchanges

Privacy vs Commodities

Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity

Figure FS Crypto FX Indices Correlation Matrix against Major Asset Classes ()Based on the daily return of last 90 days


Cross Asset Classes Correlation Matrix

Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX

Stablecoin SampP 500

US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)

FS CryptoFX Commodity 100 92 91 72 4 (10) 2 (4) 12 (6) (9) 11 (1) (8)

FS CryptoFX Platform 100 90 82 3 (13) 5 (11) 17 (9) (16) 17 1 (12)

FS CryptoFX Privacy 100 75 (2) (13) 6 (10) 12 (9) (12) 12 (8) (4)

FS CryptoFX Exchange 100 5 (12) (0) (14) 18 (9) (19) 19 (3) (16)

FS CryptoFX Stablecoin 100 13 (1) 15 (4) 15 (2) (5) 0 (5)

SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)

MSCI All World Index 100 (39) 71 53 (47) 35 37

US Agg Bond Index 100 7 (12) 99 13 (11)

Risk Parity Index 100 72 (1) 48 51

Comdty TR Index 100 (16) 60 73

US Treasury Index 100 9 (12)

Gold 100 35

Oil 100


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Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43

Ethereum Classic 100 48 53 57 62 47 54 64 61 58 73 51 45 64 5 39 34 51 64 29 47 58 53 35 51 55 61 45 51 62 51 50 61 55 45 56 31 51 45 48 42

Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25

CyberMiles 100 45 35

Monaco 100 27

Bibox Token 100

Figure Correlation Matrix ()Based on the daily return of last 90 days


Cross Token Correlation Matrix

Slide 17

The 3 tokens with lowest overall

correlation (to other tokens) are

Bytecoin 146 overall

Mithril 365 overall

and Augur 366 overall



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10

Token TRON Bitcoin EOS Bitcoin Cash

Ethereum

Classic Ethereum Litecoin NEO XRP Cardano

7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2


Large-capFS CryptoFX 10

Figure FS CryptoFX 10 Price Ratio to BTCPast 6M

Large-cap vs BTC

Daily RSI

MACD

The FS CryptoFX 10 index is

designed to track the performance of

the top 10 largest and most liquid

Crypto-currencies


Correlation to BTC

-34-86-176Over the past week the

FS CryptoFX 10 index was

down 34 Relative to

BTC Over the past month

this index was down 86

Relative to BTC

The two best performing

constituents this index in

the past week are TRON

up 117 and Bitcoin up

108

The two worst performing


the past week are

Cardano down 41 and

XRP up 09



Slide 20

Figure 90D Rolling Correlation - FS CryptoFX 10 Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX 10 SampP 500

BBG US Agg Bond Idx

Oil

Gold


CorrelationFS CryptoFX 10

(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15

30The FS CryptoFX 10 Index is

most correlated to BBG US Agg

Bond Index with a 90D

correlation of 141

The FS CryptoFX 10 Index is

least correlated to SampP 500 with

a 90D correlation of -106




Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10

Token VeChain Mithril Bibox Token Bitcoin Gold Binance Coin IOST Zcash Aeternity Stellar 0x

7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40

Token Golem Dogecoin OmiseGO Nano Hshare Monaco Decred Populous Nebulas Augur

7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1


Mid-capFS CryptoFX 40


Mid-cap vs BTC



the top 11-50 Crypto-currencies

based on market value and liquidity


Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC



the past week are VeChain

up 464 and Mithril up

373



the past week are Augur

down 138 and Nebulas

down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10

Token adToken ZClassic ChainLink Matchpool Crypterium district0x Pura UpToken Vertcoin BitBay

7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250

Token Trade Token Telcoin ElectrifyAsia GameCredits Asch Ormeus Coin Storiqa Oyster BitcoinDark

Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2


Small-capFS CryptoFX 250


Small-cap vs BTC




based on market value and liquidity 1M rel BTC 1W rel BTC3M rel BTC

Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-492 -158 -122Over the past week the

FS CryptoFX 250 index

was down 122 Relative

to BTC Over the past

month this index was

down 158 Relative to

BTC



the past week are

adToken up 1271 and

ZClassic up 1064



the past week are Bitcoin

Diamond down 552 and

BitcoinDark down 265Source Coinmarketcapcom Bloomberg other sources and Fundstrat

(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold

Salient Risk Parity IdxThe FS CryptoFX 250 Index is



correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip

Token Zcash Bitcoin Monero Bitcoin Cash Litecoin

7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip

Token Bitcoin Zcash Bitcoin Cash Monero Litecoin

14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity

Figure FS Crypto Sector Price Ratio to BTCPast 12M

Commodities vs BTC

AdvanceDecline line

Daily RSI

The FS CryptoFX Commodity index is

designed to track the performance of the

tokens which are viewed purely as

digital currencies andor commodities1M rel BTC 1W rel BTC3M rel BTC



index was down 08

Relative to BTC Over the

past month this index

was down 22 Relative to

BTC



the past week are Zcash


108



the past week are Litecoin

up 11 and Bitcoin Cash

up 51Source Coinmarketcapcom Bloomberg other sources and Fundstrat

(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27

Figure 90D Rolling Correlation - Commodity Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX Commodity Index

CorrelationFS Commodity

The FS Commodity Index is



correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold





digital currencies andor commodities




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip

Token VeChain Stellar Stratis EOS

Ethereum

Classic NEM IOTA Lisk Ethereum NEO Qtum Bytom Waves Cardano

7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip

Token Stellar VeChain Stratis Bytom Cardano EOS NEM Ethereum Lisk

Ethereum

Classic IOTA NEO Qtum Waves

14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms

Figure FS Crypto Platforms Price Ratio to BTCPast 12M

Platforms vs BTC

AdvanceDecline line

Daily RSI

The FS Crypto Platform index is designed to

track the performance of cryptocurrencies

which enable developers to create and use

decentralized applications (dApps) 1M rel BTC 1W rel BTC3M rel BTC



index was down 73




to BTC




up 464 and Stellar up

88



the past week are Waves

down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30

Figure 90D Rolling Correlation - FS Crypto Platform Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX Platform Index

CorrelationFS Platform

The FS Platform Index is most

correlated to BBG US Agg Bond

Index with a 90D correlation of

167

The FS Platform Index is least

correlated to SampP 500 with a

90D correlation of -133

SampP 500

BBG US Agg Bond Idx

Oil

Gold





decentralized applications (dApps)



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip

Token Binance Coin AirSwap 0x Bancor Kyber Network QASH

7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip

Token Binance Coin Bancor 0x AirSwap Kyber Network QASH

14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5


SectorsExchanges Exchanges vs BTC

AdvanceDecline line

Daily RSI

Figure FS Crypto Exchanges Price Ratio to BTCPast 12M

The FS Crypto Exchange index is designed to


tokens associated with crypto centralized or

decentralized exchanges1M rel BTC 1W rel BTC3M rel BTC



index was down 04




to BTC



the past week are Binance

Coin up 157 and

AirSwap up 80



the past week are QASH

down 41 and Kyber

Network down 33Source Coinmarketcapcom Bloomberg other sources and Fundstrat

(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33

Figure 90D Rolling Correlation - FS Crypto Exchange Correlation against Major Asset ClassesOver last 100 days

FS CryptoFX Exchange Index

CorrelationFS Exchange

The FS Exchange Index is most



184

The FS Exchange Index is least

correlated to Oil with a 90D

correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold





decentralized exchanges



Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip

Token Zcash Bitcoin Private Monero Dash

7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip

Token Zcash Monero Dash Bitcoin Private

14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy

Figure FS Crypto Privacy Price Ratio to BTCPast 12M

Privacy vs BTC

AdvanceDecline line

Daily RSI

The FS Crypto Privacy index is


cryptocurrencies with anonymity or

privacy features 1M rel BTC 1W rel BTC3M rel BTC


FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56



the past week are Dash

down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36

FS CryptoFX Privacy Index

Figure 90D Rolling Correlation - FS Crypto Privacy Correlation against Major Asset ClassesOver last 100 days

CorrelationFS Privacy

The FS Privacy Index is most



124

The FS Privacy Index is least



SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy



Figure FS Crypto Stable Price Ratio to BTCPast 12M

Stablecoin vs BTC

AdvanceDecline line

Daily RSI

Over the past month this

Relative




The FS CryptoFX Stable index is


cryptocurrencies which are designed

to be ldquostablerdquo

SectorsStable Coins


-98-244+124


FS CryptoFX Stable Coin

index was down 98




to BTC

In the past week Tether

was down 01 and DAI

was down 14 in dollar

terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39

FS CryptoFX Stable Coin Index

Figure 90D Rolling Correlation - FS Crypto Stable Correlation against Major Asset ClassesOver last 100 days

CorrelationFS Stable Coin

The FS Stable Coin Index is

most correlated to Salient Risk

Parity Index with a 90D

correlation of 149


least correlated to Oil with a 90D

correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold







DisclosuresThis research is for the clients of Fundstrat Global Advisors only For important disclosures and rating histories regarding sectors or companies that are the subject of this report please contact your sales representative or Fundstrat Global Advisors at 150 East 52nd Street New York NY 10022 USA

Analyst Certification (Reg AC)

Ken Xuan the research analyst denoted by an ldquoACrdquo on the cover of this report hereby certifies that all of the views expressed in this report accurately reflect his personal views which have not been influenced by considerations of the firmrsquos business or client relationships

Neither I nor a member of my household is an officer director or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that isare the subject of this research report There is a possibility that we will from time to time have long or short positions in and buy or sell the securities or derivatives if any referred to in this research

Conflicts of Interest

This research contains the views opinions and recommendations of Fundstrat As of the time of writing and publication of this presentation Fundstrat does not know of or have reason to know of any material conflicts of interest at the time of the publication of this presentation The Company has no contractual relationship nor have we received any compensation from any of the companies listed in this research report

Analyst IndustrySector Views

Positive (+) The analyst expects the performance of his industrysector coverage universe over the next 6-18 months to be attractive vs the relevant broad market benchmark being the SampP 500 for North America

Neutral (N) The analyst expects the performance of his or her industrysector coverage universe over the next 6-18 months to be in line with the relevant broad market benchmark being the SampP 500 for North America

Negative (-) The analyst expects his or her industry coverage universe over the next 6-18 months to underperform vs the relevant broad market benchmark being the SampP 500 for North America

General Disclosures

Fundstrat Global Advisors is an independent research company and is not a registered investment advisor and is not acting as a broker dealer under any federal or state securities laws Fundstrat Global Advisors is a member of IRC Securitiesrsquo Research Prime Services Platform IRC Securities is a FINRA registered broker-dealer that is focused on supporting the independent research industry Certain personnel of Fundstrat (ie Research Analysts) are registered representatives of IRC Securities a FINRA member firm registered as a broker-dealer with the Securities and Exchange Commission and certain state securities regulators As registered representatives and independent contractors of IRC Securities such personnel may receive commissions paid to or shared with IRC Securities for transactions placed by Fundstrat clients directly with IRC Securities or with securities firms that may share commissions with IRC Securities in accordance with applicable SEC and FINRA requirements IRC Securities does not distribute the research of Fundstrat which is available to select institutional clients that have engaged Fundstrat

As registered representatives of IRC Securities our analysts must follow IRC Securitiesrsquo Written Supervisory Procedures Notable compliance policies include (1) prohibition of insider trading or the facilitation thereof (2) maintaining client confidentiality (3) archival of electronic communications and (4) appropriate use of electronic communications amongst other compliance related policies

Fundstrat does not have the same conflicts that traditional sell-side research organizations have because Fundstrat (1) does not conduct any investment banking activities (2) does not manage any investment funds and (3) our clients are only institutional investors

This research is for the clients of Fundstrat Global Advisors only Additional information is available upon request Information has been obtained from sources believed to be reliable but Fundstrat Global Advisors does not warrant its completeness or accuracy except with respect to any disclosures relative to Fundstrat and the analysts involvement (if any) with any of the subject companies of the research All pricing is as of the market close for the securities discussed unless otherwise stated Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice Past performance is not indicative of future results This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument The opinions and recommendations herein do not take into account individual client circumstances risk tolerance objectives or needs and are not intended as recommendations of particular securities financial instruments or strategies The recipient of this report must make its own independent decision regarding any securities or financial instruments mentioned herein Except in circumstances where Fundstrat expressly agrees otherwise in writing Fundstrat is not acting as a municipal advisor and the opinions or views contained herein are not intended to be and do not constitute advice including within the meaning of Section 15B of the Securities Exchange Act of 1934 All research reports are disseminated and available to all clients simultaneously through electronic publication to our internal client website fundstratcom Not all research content is redistributed to our clients or made available to third-party aggregators or the media Please contact your sales representative if you would like to receive any of our research publications

Copyright 2018 Fundstrat Global Advisors LLC All rights reserved No part of this material may be reprinted sold or redistributed without the prior written consent of Fundstrat Global Advisors LLC

Slide 40

Slide 2

Source Fundstrat Bloomberg Factset

The Fundstrat Research Team

Thomas J Lee CFACo-Founder Head of ResearchIn research 25 years

Prior to founding Fundstrat Mr Lee was at JP Morgan from 1999 to 2014 and served as Chief Equity Strategist from 2007 to 2014 He was top-ranked by Institutional Investor every year since 1998 Previously served as Managing Director at Salomon Smith Barney Mr Lee graduated from the undergraduate program at the Wharton School University of Pennsylvania

Sam DoctorHead of Data Science ResearchIn research 18 years

Head of Data Science Research Former US Small and Mid Cap Technology Analyst and India Small Mid Cap Strategist at JP Morgan Chase

Rob Sluymer CFAHead of Technical Analysis StrategyIn research 26 years

Head of Technical Research with over 26 years experience writing technical research at RBC Capital Markets

L Thomas BlockWashington and Policy StrategistHead of JPM policy 21 years

Tom had a 21-year career at JP Morgan serving as Global Head of Government Relations Prior to joining JP Morgan Chase in 1987 he previously worked in Washington and held several positions with members of the House and Senate serving as Legislative Assistant and Chief of Staff in the House and Legislative Staff Director in the Senate

Alex KernResearch AnalystIn research 3 years

Previously conducted blockchain technology research with Digital Currency Group Prior to that Alex was a Fintech and Payments Equity Research Associate with Cowen amp Co Alex received his BA in History from the University of Pennsylvania in 2014

Ken XuanQuantitative AnalystIn research 4 years

Data scientist with expertise in applied mathematics and statistical analysis Ken was an operations strategy consultant at West Monroe Partners Ken received a BS degree in Management Economics from Purdue University in 2013 and an MS degree in Operations Research from Columbia University in 2017



Executive Summary

bull Overview





bull SECTOR Privacy







Index Description

Index

Price

$

millions

share


Sector Indices













^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Exchange

which was up 103

The best performing


FS CryptoFX 10

which was up 70


the FS CryptoFX Agg

Index increased by

63 compared with

a 06 increase for

the SampP 500

06

02

09

(02)

04

14

(03)

(04)

(25)

108

15

63

70

53

(27)

99

27

24

103

(01)

37

02

31

(00)

05

(28)

(05)

(23)

(74)

322

70

193

208

143

113

292

111

66

111

(01)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10

FS 300

FS AGGFS 40

FS EQW

FS 250


40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Bitcoin



-25 -20 -15 -10 -5 0

Bitcoin

FS 10FS 300



FS Platform

FS Stable Coin

FS Privacy

95 100 105 110 115 120 125

Bitcoin



40 42 44 46 48 50 52




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )



FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39



FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36



966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy







Index Description

Index

Price

$

millions

share


Sector Indices













^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Exchange

which was up 103

The best performing


FS CryptoFX 10

which was up 70


the FS CryptoFX Agg

Index increased by

63 compared with

a 06 increase for

the SampP 500

06

02

09

(02)

04

14

(03)

(04)

(25)

108

15

63

70

53

(27)

99

27

24

103

(01)

37

02

31

(00)

05

(28)

(05)

(23)

(74)

322

70

193

208

143

113

292

111

66

111

(01)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10

FS 300

FS AGGFS 40

FS EQW

FS 250


40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Bitcoin



-25 -20 -15 -10 -5 0

Bitcoin

FS 10FS 300



FS Platform

FS Stable Coin

FS Privacy

95 100 105 110 115 120 125

Bitcoin



40 42 44 46 48 50 52




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )



FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39



FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36



966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40






Index Description

Index

Price

$

millions

share


Sector Indices













^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

^FSTOK10

^FSTOK40

^FSTOKEQW

^FSTOK250

^FSTOK300

^FSTOKAGG

FSTOK10

FSTOK40

FSTOKEQW

FSTOK250

FSTOK300

FSTOKAGG

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

FSTOKCTB

FSTOKPLT

FSTOKPVT

FSTOKDEX

FSTOKSTB

^FSTOKCTB

^FSTOKPLT

^FSTOKPVT

^FSTOKDEX

^FSTOKSTB

The best performing

sector index was FS

CryptoFX Exchange

which was up 103

The best performing


FS CryptoFX 10

which was up 70


the FS CryptoFX Agg

Index increased by

63 compared with

a 06 increase for

the SampP 500

06

02

09

(02)

04

14

(03)

(04)

(25)

108

15

63

70

53

(27)

99

27

24

103

(01)

37

02

31

(00)

05

(28)

(05)

(23)

(74)

322

70

193

208

143

113

292

111

66

111

(01)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10

FS 300

FS AGGFS 40

FS EQW

FS 250


40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Bitcoin



-25 -20 -15 -10 -5 0

Bitcoin

FS 10FS 300



FS Platform

FS Stable Coin

FS Privacy

95 100 105 110 115 120 125

Bitcoin



40 42 44 46 48 50 52




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )



FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39



FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36



966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

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no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

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ce C

oin

Ve

Ch

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NE

M

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tolo

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Om

ise

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m

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N

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Zill

iqa

De

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tern

ity

Bitc

oin

Go

ld

Au

gu

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Byt

om

BitS

ha

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Sia

coin

0x

Ste

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Ve

rge

Na

no

Do

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coin

Go

lem

Wa

ves

Po

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Sta

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IOS

T

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op

ring

Mith

ril

ae

lf

Cyb

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iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

The best performing

sector index was FS

CryptoFX Exchange

which was up 103

The best performing


FS CryptoFX 10

which was up 70


the FS CryptoFX Agg

Index increased by

63 compared with

a 06 increase for

the SampP 500

06

02

09

(02)

04

14

(03)

(04)

(25)

108

15

63

70

53

(27)

99

27

24

103

(01)

37

02

31

(00)

05

(28)

(05)

(23)

(74)

322

70

193

208

143

113

292

111

66

111

(01)

SampP 500

Dollar Idx

MSCI All World Idx

BBG US Agg Bond Idx



BBG US Treasury Idx

Gold

Oil

Bitcoin

Ethereum

FS CryptoFX Agg

FS CryptoFX 10

FS CryptoFX 40

FS CryptoFX 250



FS CryptoFX Privacy











Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10

FS 300

FS AGGFS 40

FS EQW

FS 250


40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Bitcoin



-25 -20 -15 -10 -5 0

Bitcoin

FS 10FS 300



FS Platform

FS Stable Coin

FS Privacy

95 100 105 110 115 120 125

Bitcoin



40 42 44 46 48 50 52




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )



FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39



FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36



966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

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Mith

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Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40



Composite

Technical

Score

Win-ratio

Upside less

downside

Volatility

P50D

Weekly RSI

Bitcoin



345678910


Bitcoin

FS 10

FS 300

FS AGGFS 40

FS EQW

FS 250


40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56

Bitcoin



-25 -20 -15 -10 -5 0

Bitcoin

FS 10FS 300



FS Platform

FS Stable Coin

FS Privacy

95 100 105 110 115 120 125

Bitcoin



40 42 44 46 48 50 52




Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )



FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39



FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36



966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

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in C

as

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EO

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Lit

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oin

Ca

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ON

NE

O

Eth

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um

Cla

ss

ic

Ste

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IOT

A

Mo

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Da

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Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

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ICO

N

Lis

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Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

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ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40



Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Composite

Technical

Rank

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bitcoin BTC $821846 1000000 1 54 (4) 1132 1206 51 (24) 101 322 (74 )



FS 10 FSTOK10 $17097 0020803 4 48 (12) 1082 1101 47 (26) 48 208 (18 )

FS 300 FSTOK300 $16563 0020153 5 46 (13) 1076 1087 46 (22) 36 195 (11 )

FS AGG FSTOKAGG $16570 0020162 6 46 (13) 1075 1086 46 (22) 35 193 (10 )

FS 40 FSTOK40 $15294 0018609 7 44 (20) 1057 1033 42 10 (14) 143 24

FS EQW FSTOKEQW $16588 0020184 8 44 (19) 1041 1002 42 (04) (24) 122 39



FS 250 FSTOK250 $12313 0014982 11 44 (11) 1006 970 40 (16) (60) 113 36



966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

966

879

848

889

959

60

70

80

90

100


Slide 8


FS Crypto

Size

Indices


993

891891

710

55

(20)

0

20

40

60

80

100

FS Crypto

Sector

Indices






Exchange (-113)

FS 10

FS 40

FS 250

FS EQ WT

FS Agg

FS Commodity

FS Platform

FS Privacy

FS Exchange

FS Stablecoin



correlation of 966



250 (-55)




Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40



Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA

Bibox Token BIX $101 0000123 03 269944749 1 43 42 1261 1010 51 145 356 95 251

VeChain VEN $262 0000319 23 873378637 2 49 (6) 1263 1048 46 337 448 19 215

Mithril MITH $102 0000124 10 1000000000 3 51 15 1502 1886 60 134 615 1365 (384 )

Binance Coin BNB $1402 0001706 27 194972068 4 46 30 1091 997 55 154 85 (34) 94

0x ZRX $120 0000146 12 1000000000 5 47 38 1109 1268 54 81 (40) 817 (158 )

Stellar XLM $031 0000038 321 104065507794 6 43 19 1175 1314 55 23 19 652 (140 )

IOST IOST $003 0000003 06 21000000000 7 41 20 1126 1067 46 80 89 173 58

Bitcoin BTC $821846 1000000 1408 17127475 8 54 (4) 1132 1206 51 (24) 101 322 (74 )

Zcash ZEC $21720 0026428 09 4265581 9 43 25 1120 1163 46 (27) 88 330 (43 )

Aeternity AE $204 0000248 06 273685830 10 41 (6) 1089 967 47 41 52 115 122

Bitcoin Gold BTG $3357 0004085 06 17199886 11 43 (27) 1125 1128 43 46 87 376 (03 )

TRON TRX $004 0000005 39 100000000000 12 39 (5) 1092 995 46 30 35 54 96

EOS EOS $834 0001015 75 900000000 13 46 (0) 1051 953 48 (30) (06) 79 98

Bitcoin Cash BCH $82898 0100868 143 17215338 14 47 4 1065 1047 45 (47) 05 158 18

Zilliqa ZIL $007 0000009 09 12600000000 15 47 34 1019 965 43 27 (65) 138 54


MCO MCO $737 0000897 02 31587682 17 42 31 984 1106 50 (21) (15) 216 (122 )

Augur REP $3052 0003714 03 11000000 18 48 40 996 945 45 (01) 02 (59) 51

Cardano ADA $016 0000020 51 31112483745 19 42 4 1041 1065 47 (57) (97) 299 (24 )

Dogecoin DOGE $000 0000000 04 115115356487 20 40 25 1073 1147 48 (86) (140) 363 (74 )

Steem STEEM $145 0000176 04 281621349 21 39 15 1024 965 42 00 (40) 90 59

NEM XEM $018 0000022 16 8999999999 22 47 (5) 1020 987 41 (22) (56) 166 33

Ethereum ETH $46667 0056783 469 100439449 23 47 (7) 1012 985 44 (26) (06) 70 27

IOTA MIOTA $101 0000123 28 2779530283 24 42 8 1002 938 44 26 (38) 49 64

BitShares BTS $020 0000024 05 2637880000 25 48 (21) 1017 1144 49 (74) (130) 446 (127 )

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Technical Metrics

Name Symbol

Price

(USD) Price (BTC)

Market

Cap ($B)

Current

Coin Supply

Composite

Technical

Score

90D

Win

Ratio

90D

UV - DV

Relative

Price to

21 DMA

Relative

Price to

50 DMA

Weekly

RSI

5D

Return

10D

Return

30D

Return

21 vs 50

DMA



aelf ELF $065 0000080 02 280000000 26 46 0 997 996 48 (20) (140) 179 01

Lisk LSK $510 0000621 06 122803812 27 47 (3) 1000 912 38 18 (49) 12 88

Golem GNT $030 0000037 03 1000000000 28 42 42 992 905 45 04 (100) (22) 86

Bytom BTM $035 0000043 05 1407000000 29 42 (5) 1023 872 44 (63) (80) (18) 151

Litecoin LTC $8408 0010231 48 57230096 30 43 (5) 1016 972 41 (58) (30) 67 44

XRP XRP $045 0000055 453 99991924336 31 48 (13) 991 933 43 (09) (49) 00 58

Verge XVG $002 0000003 04 15054315539 32 43 (28) 1005 939 42 (11) (65) 46 66

Monero XMR $13536 0016470 22 16187202 33 42 (9) 1016 1038 43 (82) (30) 68 (22 )

Bytecoin BCN $000 0000000 06 183890481254 34 39 844 980 904 44 (32) (85) 104 76

NEO NEO $3360 0004088 34 100000000 35 44 2 979 941 39 (13) (69) 134 38

CyberMiles CMT $014 0000018 01 1000000000 36 43 41 953 837 46 (42) (136) 12 117

Status SNT $007 0000008 05 6804870174 37 42 8 973 968 43 (39) (128) 201 05

ICON ICX $134 0000163 05 400228740 38 44 (4) 961 816 43 23 (101) (118) 144

Decred DCR $6387 0007772 05 7565743 39 41 21 970 872 46 (47) (127) (85) 98

Ontology ONT $325 0000395 33 1000000000 40 41 6 928 685 53 (24) (107) (366) 243

Siacoin SC $001 0000001 04 35416017975 41 49 (13) 976 931 43 (16) (139) 54 45

Hshare HSR $532 0000647 02 43181161 42 47 (23) 989 993 41 (89) (83) 130 (04 )

Dash DASH $24042 0029254 20 8165919 43 40 (0) 999 979 38 (54) (76) 26 19

Waves WAVES $266 0000324 03 100000000 44 46 (10) 955 886 40 (11) (83) 19 69

Loopring LRC $027 0000033 04 1374956262 45 40 (22) 985 849 42 (19) (66) (186) 136

Qtum QTUM $776 0000944 08 100664516 46 43 (22) 968 866 38 (53) (76) (43) 102

OmiseGO OMG $683 0000831 10 140245398 47 43 (11) 967 871 41 (47) (98) (51) 96

Populous PPT $577 0000702 03 53252246 48 36 30 911 822 39 (29) (150) (90) 89

Nebulas NAS $310 0000377 03 100000000 49 38 2 900 708 43 (91) (119) (350) 191

Nano NANO $219 0000266 03 133248289 50 42 7 909 863 41 (52) (167) (44) 46

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

6318 to

61018

61018 to

61718

61718 to

62418

62418 to

7118

7118 to

7818

7818 to

71518

71518 to

72218

72218 to

72918

FS 40 62



















Here we look at the



using a performance

quilt



Index which was up




was FS CryptoFX 250





SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


SIZEIndices vs BTC




vs BTC


vs BTC


vs BTC






indices are plotted








down 122








down 158

-34-86-176

-50-136-409

-492 -158 -122

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

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in

Zill

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De

cre

d

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tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

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s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Over the past week



down 17

Over the past week



was down 91

Over the past week



down 75














-17-54-283

-91-78-384

-75-26-140





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

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in

Zill

iqa

De

cre

d

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tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

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Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40





Commodities vs BTC

Platforms vs BTC

Privacy vs BTC

Exchanges vs BTC



plotted





down 04 The worst




75









194





-62 -22 -08

-73-160-313

-75-194-411

-04-160-121

FS Commodity

vs BTC

FS Platform

vs BTC

FS Privacy

vs BTC

FS Exchange

vs BTC








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40








Over the past week



was down 65

Over the past week



was down 69

Over the past week



was down 68




-65-140-267

-69+00-218

-68-175-372

FS Platform

vs FS Commodity

FS Platform

vs FS Exchange

FS Privacy

vs FS Commodity




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40




Slide 16

Bitcoin

FS

CryptoFX

10

FS

CryptoFX

40

FS

CryptoFX

250

FS

CryptoFX

300

FS

CryptoFX

Agg

FS

CryptoFX

Eq Wt

FS

CryptoFX

Commodity

FS

CryptoFX

Platform

FS

CryptoFX

Privacy

FS

CryptoFX

Exchange

FS

CryptoFX


US Dollar

Index

MSCI All

World

Index

US Agg

Bond

Index

Risk

Parity

Index

Comdty

TR Index

US

Treasury

Index Gold Oil

Bitcoin 100 97 88 85 96 96 89 99 89 89 71 5 (11) 2 (5) 12 (6) (8) 11 (2) (8)

FS CryptoFX 10 100 94 91 100 100 95 98 97 92 78 4 (11) 4 (7) 14 (7) (13) 14 0 (11)

FS CryptoFX 40 100 94 96 96 99 90 96 93 85 (1) (18) 3 (14) 16 (10) (15) 17 (3) (11)

FS CryptoFX 250 100 93 93 94 87 93 88 81 (2) (16) (3) (8) 21 (5) (15) 20 0 (11)

FS CryptoFX 300 100 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Agg 100 97 98 98 93 80 3 (12) 3 (8) 15 (8) (13) 15 (0) (11)

FS CryptoFX Eq Wt 100 91 97 92 85 (0) (15) 3 (11) 16 (9) (15) 16 (2) (12)






SampP 500 100 (12) 84 (40) 50 31 (45) 14 26

US Dollar Index 100 (39) 14 (41) (43) 18 (40) (31)


US Agg Bond Index 100 7 (12) 99 13 (11)




Gold 100 35

Oil 100


Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Bit

co

in

Eth

ere

um

XR

P

Bit

co

in C

as

h

EO

S

Lit

ec

oin

Ca

rda

no

TR

ON

NE

O

Eth

ere

um

Cla

ss

ic

Ste

llar

IOT

A

Mo

ne

ro

Da

sh

Bin

an

ce C

oin

Ve

Ch

ain

NE

M

On

tolo

gy

Om

ise

GO

Qtu

m

Zca

sh

ICO

N

Lis

k

Byt

eco

in

Zill

iqa

De

cre

d

Ae

tern

ity

Bitc

oin

Go

ld

Au

gu

r

Byt

om

BitS

ha

res

Sia

coin

0x

Ste

em

Ve

rge

Na

no

Do

ge

coin

Go

lem

Wa

ves

Po

pu

lou

s

Ne

bu

las

Hsh

are

Sta

tus

IOS

T

Lo

op

ring

Mith

ril

ae

lf

Cyb

erM

iles

Mo

na

co

Bib

ox

To

ken

Bitcoin 100 87 82 84 71 89 80 76 79 66 69 71 85 83 51 68 80 72 80 84 69 65 80 11 64 59 70 79 39 66 77 78 54 68 81 81 72 64 77 58 65 77 72 62 77 50 71 61 58 49

Ethereum 100 90 86 70 89 81 78 83 66 67 80 77 84 56 76 81 80 84 83 69 76 83 19 68 56 66 75 52 61 75 79 61 69 83 89 62 67 83 60 70 77 73 65 77 45 67 61 62 54

XRP 100 86 77 89 86 84 85 64 74 78 79 80 56 77 85 78 85 88 68 74 87 15 67 54 69 79 36 69 82 83 60 71 88 87 62 68 83 59 76 74 72 66 79 46 73 62 67 47

Bitcoin Cash 100 77 89 83 78 79 63 70 70 79 82 48 69 77 70 82 81 63 66 81 11 74 48 66 77 40 62 78 76 51 64 83 79 61 62 74 58 67 73 70 60 76 54 67 62 58 42

EOS 100 74 76 75 74 52 63 61 72 64 49 65 71 72 78 75 55 65 76 16 61 52 76 68 29 76 80 67 51 62 82 70 52 52 72 61 71 67 67 65 76 39 74 57 54 47

Litecoin 100 81 76 81 65 69 74 81 84 49 74 82 74 82 87 71 68 80 12 67 63 69 78 38 65 76 77 59 69 81 84 63 67 81 60 69 72 73 61 74 49 69 65 64 48

Cardano 100 79 83 58 85 76 76 82 52 65 85 75 86 82 66 76 85 15 66 48 69 74 43 70 82 82 67 72 88 85 72 71 77 67 72 75 75 67 79 48 78 61 59 39

TRON 100 77 55 69 61 73 71 45 66 72 67 76 75 63 67 80 17 55 47 61 71 32 69 73 76 49 67 82 74 57 51 69 55 62 60 64 58 73 40 62 53 53 44

NEO 100 59 71 80 77 82 54 69 86 74 82 84 67 73 83 14 66 52 72 70 37 65 81 76 60 61 83 86 63 62 76 56 66 68 69 63 74 46 75 64 56 43


Stellar 100 63 65 76 45 61 76 69 76 71 62 64 74 11 60 42 60 64 24 63 70 77 60 64 79 75 68 55 70 60 62 69 65 64 68 40 71 53 52 28

IOTA 100 64 73 50 67 71 72 78 77 61 69 75 34 59 45 65 67 38 55 68 71 57 59 74 81 61 68 74 58 74 76 66 66 71 43 61 53 52 41

Monero 100 77 49 68 77 70 76 77 68 65 81 6 61 60 63 68 35 65 78 72 58 70 80 75 57 58 73 63 66 65 65 56 75 37 70 52 64 43

Dash 100 48 69 80 71 82 80 78 70 84 11 63 56 65 70 45 60 74 76 57 65 79 83 68 61 76 61 62 71 64 56 74 42 69 63 58 42

Binance Coin 100 57 51 54 52 54 45 47 48 3 52 43 49 45 32 44 50 51 33 47 55 54 36 40 54 49 51 47 43 42 54 27 43 39 36 55

VeChain 100 71 73 73 72 65 67 73 15 60 52 67 68 33 62 60 65 56 63 74 72 44 61 76 54 61 63 58 54 67 36 59 47 61 51

NEM 100 69 82 87 68 69 85 12 65 55 68 75 43 66 79 81 62 68 82 83 67 72 81 56 66 72 67 62 71 46 76 65 57 46

Ontology 100 80 75 59 68 76 10 56 55 69 61 37 66 66 68 61 64 76 79 55 64 76 61 71 69 63 60 75 30 66 50 61 44

OmiseGO 100 85 67 75 85 11 66 56 69 71 42 70 78 78 61 69 88 88 67 66 77 66 71 77 78 65 75 43 72 58 63 45

Qtum 100 68 68 84 14 60 55 69 80 35 71 80 79 51 70 82 81 64 66 81 63 75 80 74 64 75 44 74 62 70 44

Zcash 100 58 67 10 47 50 62 61 24 52 63 58 45 59 67 68 54 50 63 58 48 58 51 47 63 32 60 53 49 40

ICON 100 73 26 58 60 69 62 60 61 74 71 61 59 81 79 53 58 70 64 63 62 66 67 74 29 63 48 56 32

Lisk 100 12 65 55 69 74 47 68 80 82 62 73 85 84 67 67 83 64 71 76 70 65 82 41 72 59 64 47

Bytecoin 100 19 7 28 13 18 3 17 20 17 18 13 15 34 12 13 6 9 16 19 41 21 11 11 12 7 4

Zilliqa 100 40 67 58 49 45 62 69 55 57 69 67 55 59 69 53 55 62 65 64 62 42 63 51 49 43

Decred 100 53 39 36 47 54 56 45 50 58 55 38 40 56 47 47 46 49 44 49 9 42 44 47 47

Aeternity 100 68 40 65 77 66 55 52 74 70 62 55 70 62 56 69 60 64 80 35 69 53 54 42

Bitcoin Gold 100 33 66 74 71 44 62 77 74 57 62 71 60 63 72 65 57 73 40 63 62 56 37

Augur 100 24 42 44 32 38 37 46 38 42 43 34 29 37 35 36 41 26 31 25 34 36

Bytom 100 72 62 46 54 76 59 51 53 63 58 67 65 59 58 72 31 68 50 62 31

BitShares 100 75 53 62 84 78 66 59 72 63 71 76 66 67 83 41 74 60 61 39

Siacoin 100 61 73 84 83 71 66 77 62 65 70 70 63 75 39 68 53 61 46

0x 100 61 62 68 45 59 61 55 51 46 53 53 56 27 58 34 44 29

Steem 100 70 67 51 60 68 67 56 62 75 56 65 31 65 42 65 44

Verge 100 84 61 61 80 71 74 75 73 73 83 36 77 59 63 43

Nano 100 65 71 83 63 69 74 71 69 76 43 70 60 61 42

Dogecoin 100 51 56 38 48 66 55 55 62 39 62 47 45 26

Golem 100 64 50 62 69 58 49 60 43 58 56 55 36

Waves 100 64 73 75 69 65 74 43 69 56 63 48

Populous 100 61 62 71 54 70 23 57 45 59 42

Nebulas 100 74 61 62 72 38 59 50 64 31

Hshare 100 71 65 73 41 64 56 66 40

Status 100 63 66 41 65 51 64 41

IOST 100 71 35 68 50 46 24

Loopring 100 37 75 58 64 40

Mithril 100 37 25 25 10

aelf 100 61 56 25


Monaco 100 27

Bibox Token 100




Slide 17




Mithril 365 overall




Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best Worst

Rank 1 2 3 4 5 6 7 8 9 10


Ethereum


7D chg 12 11 6 5 5 2 1 1 1 (4)

weight 1 52 4 6 1 22 2 1 9 2




Large-cap vs BTC

Daily RSI

MACD




Crypto-currencies


Correlation to BTC



down 34 Relative to



Relative to BTC





108



the past week are

Cardano down 41 and

XRP up 09



Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Slide 20



BBG US Agg Bond Idx

Oil

Gold



(106 )

141

(105 )

02

(71 )

(30)

(15)

0

15




correlation of 141







Crypto-currencies


Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best

1 2 3 4 5 6 7 8 9 10


7D chg 46 37 30 18 16 15 13 13 9 6

weight 5 1 0 2 6 1 3 2 13 2

Worst

31 32 33 34 35 36 37 38 39 40


7D chg (4) (4) (4) (6) (6) (8) (9) (9) (12) (14)

weight 1 1 3 1 1 0 2 1 1 1




Mid-cap vs BTC






Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC

-50-136-409



down 50 Relative to


this index was down

136 Relative to BTC





373





down 117


(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

(181 )

162

(110 )

(32 )

(103 )

(30)

(15)

0

15

30


Slide 22


FS CryptoFX 40


SampP 500

BBG US Agg Bond Idx

Oil

Gold





correlation of 162









Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best

1 2 3 4 5 6 7 8 9 10


7D chg 127 106 63 46 40 38 36 33 31 28

weight 0 0 1 0 0 0 0 0 0 0

Worst

241 242 243 244 245 246 247 248 249 250


Bitcoin

Diamond

7D chg (19) (19) (20) (20) (20) (21) (22) (26) (26) (55)

weight 0 0 0 0 0 0 0 0 1 2




Small-cap vs BTC





Daily RSI

MACD

10 Best

10 Worst

Correlation to BTC







BTC



the past week are

adToken up 1271 and

ZClassic up 1064






(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

(160 )

215

(110 )

05

(53 )

(30)

(15)

0

15

30


Slide 24


FS CryptoFX 250


SampP 500

BBG US Agg Bond Idx

Oil

Gold




correlation of 215










Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best Worst

Rank 1 2 3 4 5

Past 1 weekhellip


7D chg 13 11 5 5 1

weight 1 86 1 9 3

Past 2 weekshellip


14D chg 29 22 15 9 7

weight 86 1 9 1 3


SectorsCommodity


Commodities vs BTC

AdvanceDecline line

Daily RSI







index was down 08




BTC





108






(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

(97 )

119

(82 )

(13 )

(57 )

(30)

(15)

0

15

30

Slide 27







correlation of 119




SampP 500

BBG US Agg Bond Idx

Oil

Gold









Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best Worst

Rank 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Past 1 weekhellip


Ethereum


7D chg 46 9 7 6 5 4 3 3 2 1 (1) (1) (3) (4)

weight 2 30 0 7 2 2 3 1 44 3 1 0 0 5

Past 2 weekshellip


Ethereum


14D chg 40 36 21 15 15 13 9 4 2 2 1 1 (1) (4)

weight 30 2 0 0 5 7 2 44 1 2 3 3 1 0


SectorsPlatforms


Platforms vs BTC

AdvanceDecline line

Daily RSI







index was down 73




to BTC





88




down 36 and Qtum

down 08

-73-160-313


(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

(133 )

167

(122 )

07

(88 )

(30)

(15)

0

15

30


Slide 30







167




SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best Worst

Rank 1 2 3 4 5 6

Past 1 weekhellip


7D chg 16 8 6 3 (3) (4)

weight 59 2 26 4 4 5

Past 2 weekshellip


14D chg 14 9 8 6 (0) (3)

weight 59 4 26 2 4 5



AdvanceDecline line

Daily RSI








index was down 04




to BTC




Coin up 157 and

AirSwap up 80




down 41 and Kyber


(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

(124 )

184

(156 )

(29 )

(87 )

(30)

(15)

0

15

30


Slide 33







184



correlation of -156

SampP 500

BBG US Agg Bond Idx

Oil

Gold








Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy


Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

Best Worst

Rank 1 2 3 4

Past 1 weekhellip


7D chg 13 6 5 (4)

weight 18 3 42 38

Past 2 weekshellip


14D chg 22 9 4 (9)

weight 18 42 38 3


SectorsPrivacy


Privacy vs BTC

AdvanceDecline line

Daily RSI






FS CryptoFX Privacy

index was down 75




to BTC




up 127 and Bitcoin

Private up 56




down 41 and Monero

up 52


(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

(127 )

124

(38 )

(77 )

(89 )

(50)

(35)

(20)

(5)

10

25

40


Slide 36







124




SampP 500

BBG US Agg Bond Idx

Oil

Gold





privacy features



Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40


Executive Summary

bull Overview





bull SECTOR Privacy




Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40



Stablecoin vs BTC

AdvanceDecline line

Daily RSI


Relative








SectorsStable Coins


-98-244+124



index was down 98




to BTC


was down 01 and DAI


terms

Rank 1 2

Past 1 weekhellip

Token Tether DAI

7D chg (0) (1)

weight 98 2

Past 2 weekshellip

Token DAI Tether

14D chg 0 0

weight 2 98


134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40

134

(41 )(49 )

02

149

(30)

(15)

0

15

30


Slide 39







correlation of 149



correlation of -49

SampP 500

BBG US Agg Bond Idx

Oil

Gold

















General Disclosures






Slide 40











General Disclosures






Slide 40

St, 31 floor | New York, NY 10022 Ken XuanAC CRYPTO ...p7inn10sujf2n60123a9j5f1-wpengine.netdna-ssl.com/... · For Reg AC certification and other important disclosures, see Disclosures,

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