Hello again! This is Colton Dillion, cofounder of Hedgehog, the crypto robo-adviser that makes it easy to keep your portfolio diversified while managing it all in one place.
CoinDesk Indices
We are thrilled to share some exciting news with you! Hedgehog has partnered with CoinDesk Indices (CDI), a pioneering provider of digital asset indices since 2014. You can read the announcement here. This collaboration marks a significant step forward in bringing sector investment exposure to the world of cryptocurrency.
At Hedgehog, we believe in making crypto investing easy, while prioritizing risk management and growth potential. Our collaboration with CDI opens up new possibilities for investors, as it allows Hedgehog app users to access automated investing solutions designed to track CDI's highly-regarded crypto sector indices.
The Hedgehog app, available for both iOS and Android, enables you to manage and rebalance your portfolio in a precise and user friendly format. Soon, we will introduce digital asset sectors represented in CDI's select sector indices, covering computing, culture & entertainment, currency, decentralized finance (DeFi), and smart contract platform sectors. Additionally, we are proud to offer exposure to these sectors through a single market solution—the CoinDesk Market Select Index (CMIS), which aggregates all five select sector indices into one.
These indices include:
CoinDesk Computing Select Index (CPUS)
CoinDesk Culture & Entertainment Select Index (CNES)
CoinDesk Smart Contract Platform Select Index (SCPX)
CoinDesk Currency Select Index (CCYS)
CoinDesk DeFi Select Index (DFX)
CoinDesk Market Select Index (CMIS)
The digital asset sectors featured on Hedgehog's platform are based on CDI's Digital Asset Classification Standard (DACS), an innovative framework that evaluates and categorizes a broad universe of digital assets into distinct sectors. Only assets meeting specific trading and custody requirements are included in the crypto sector indices, designed to measure the performance of essential segments in the liquid digital asset market.
We're excited to bring you this cutting-edge collaboration, which will open up new investment opportunities and simplify your journey into the crypto market. Watch this space for updates on the launch of Hedgehog's digital asset sectors powered by CoinDesk Indices.
Thank you for being part of the Hedgehog community. We look forward to empowering your crypto investment journey.
Quick Hits
Sam Altman, AI, Orbs, and Worldcoin. Open AI’s CEO, slightly famous Orb is explained along with his vision for a Universal Basic Income in the form of Worldcoin.
Russia passes a law ahead of the Ruble CBDC. With this passage the Central Bank of Russia could start testing the Digital Ruble as early as August 1st.
Cardano debate on r/Cryptocurrency. Seems like there is plenty to say on both sides but ADA is still among the top 10 by market cap.
Giveaway
Answer the question of the week for a chance to win three of these prizes:
- insulated stainless steel water bottle with Hedgehog logo
- official Hedgehog team baseball cap
- snazzy Hedgehog socks
- cozy Hedgehog hoodie
- comfy Hedgehog baseball tee
What has been your favorite crypto wallet to use and why? Reply to this email with your story and you'll be entered in the giveaway.
Keep hedging,
Colton
Investments in digital assets and cryptocurrency are Not FDIC Insured, Not SIPC Insured, Not Bank or Government Guaranteed, and May Lose Value. Before investing consider your investment objective, risk tolerance, fees and expenses.
There is no guarantee that the client portfolio or the selected portion of the portfolio will mirror the index or that the performance will be identical. There is risk of portfolio drift and a difference of performance between the Stack and Index based on many factors including market movements, availability of digital assets, size of the client portfolio, among others.
