What is fundamental analysis in the crypto space?
In the crypto sphere, what constitutes fundamental analysis? Is it simply a matter of evaluating a project's whitepaper and roadmap, or does it extend deeper into factors like the team behind it, its technological innovations, community engagement, and even the overall market conditions? How does one balance the potential risks and rewards in order to make informed investment decisions? Are there any specific metrics or frameworks that crypto investors typically utilize for fundamental analysis?
Is Citigroup launching a new business unit in the crypto space?
Could you please elaborate on the rumor that Citigroup is embarking on a new business endeavor within the realm of cryptocurrency? Are there any official announcements or press releases that have confirmed this speculation? If so, what are the key objectives and strategic alignments of this potential new unit? Moreover, how does this align with the bank's existing financial services and will it cater to retail or institutional investors? Finally, could you provide insights on the potential risks and opportunities associated with this potential move by Citigroup into the crypto industry?