HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

Crypto

<ul>
<li>Market inefficiencies persist in crypto markets, particularly in cross-exchange arbitrage and futures basis trading</li>
<li>Traditional factor models can be adapted for cryptocurrency markets with size, momentum, and liquidity factors showing statistical significance</li>
<li>On-Chain metrics provide unique alpha signals unavailable in traditional markets</li>
</ul>


Market inefficiencies persist in crypto markets, particularly in cross-exchange arbitrage and futures basis trading
Traditional factor models can be adapted for cryptocurrency markets with size, momentum, and liquidity factors showing statistical significance
On-Chain metrics provide unique alpha signals unavailable in traditional markets


New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

Digital Asset Management Firm, Etherbridge

Etherbridge

Digital Asset Management Firm

Etherbridge is a digital asset management firm investing in the value of information and trust

<ul><li>2025 is off to a tough start. Our call on boring or scary price action seems to be holding up.</li><li>Bitcoin remains boring and is range-bound between $106k and $91k.</li><li>Altcoins have been scary, with the average sector down 25%+. Sector Performance for Jan 2025.</li></ul>

2025 is off to a tough start. Our call on boring or scary price action seems to be holding up.Bitcoin remains boring and is range-bound between $106k and $91k.Altcoins have been scary, with the average sector down 25%+. Sector Performance for Jan 2025.

The More Things Change, The More They Stay The Same

Crypto Research and Data, Delphi Digital

Delphi Digital

Crypto Research and Data

Institutional-Grade Crypto Research & Data

Delphi Digital seeks to produce unbiased, actionable content for our clients on critical themes affecting digital assets and distributed ledger technology. Our team is committed to providing investors and institutions with key insights through a diverse suite of products including individual project analysis, bespoke research, and tailored consulting services.

<ul>
<li>We're excited to share our deep dive on zkVerify as part of the inaugural cohort for Delphi x The Tie's Institutional Accelerator.</li>
<li>This modular L1 blockchain is designed to become the universal verification layer for zero-knowledge proofs (ZKPs).</li>
<li>Developed by Horizen Labs, zkVerify addresses critical challenges in ZKP implementation by optimizing verification efficiency, enabling proof verification at a fraction of the cost and expanding possibilities for scalable and interoperable applications.</li>
</ul>


We're excited to share our deep dive on zkVerify as part of the inaugural cohort for Delphi x The Tie's Institutional Accelerator.
This modular L1 blockchain is designed to become the universal verification layer for zero-knowledge proofs (ZKPs).
Developed by Horizen Labs, zkVerify addresses critical challenges in ZKP implementation by optimizing verification efficiency, enabling proof verification at a fraction of the cost and expanding possibilities for scalable and interoperable applications.


ZkVerify: Optimizing Zero Knowledge Proof Verification at Scale

Co Founder & Head of Engineering and Trading, HarmoniQ Insights

Christopher Rosa

Co Founder & Head of Engineering and Trading

<ul>
<li>
Blockchain Basics: Blockchain is a decentralized ledger recording transactions without a central authority. Participants validate and store immutable, transparent data, ensuring trust and security throughout the network.</li>
<li>
Blockchain Layers: The blockchain ecosystem consists of Layer 1 (core blockchain), Layer 2 (scaling solutions), and Layer 3 (applications), all working together to enable secure, scalable interactions with blockchain technology.</li>
<li>
Key Concepts: Blockchain principles include immutability (data cannot be changed), permissionless participation (open to anyone), and decentralization (no single entity controls the system), ensuring security, transparency, and trust across networks.</li>
</ul>



Blockchain Basics: Blockchain is a decentralized ledger recording transactions without a central authority. Participants validate and store immutable, transparent data, ensuring trust and security throughout the network.

Blockchain Layers: The blockchain ecosystem consists of Layer 1 (core blockchain), Layer 2 (scaling solutions), and Layer 3 (applications), all working together to enable secure, scalable interactions with blockchain technology.

Key Concepts: Blockchain principles include immutability (data cannot be changed), permissionless participation (open to anyone), and decentralization (no single entity controls the system), ensuring security, transparency, and trust across networks.


Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Happy Monday and welcome to my weekly editorial on everything macro.</li><li>Everyone’s talking about the USD meltdown and whether it marks a seismic shift in the international system as we know it.</li><li>Markets are clearly responding to Trump’s list of “non-tariff barriers,” which notably placed FX manipulation at the very top.</li></ul>

Happy Monday and welcome to my weekly editorial on everything macro.Everyone’s talking about the USD meltdown and whether it marks a seismic shift in the international system as we know it.Markets are clearly responding to Trump’s list of “non-tariff barriers,” which notably placed FX manipulation at the very top.

Steno Signals #194 – A Mar-a-Lago Accord- or Meltdown?

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

Crypto markets still have inefficiencies, especially in arbitrage and futures trading. Traditional factor models can be applied, with unique alpha...

William Mann

The More Things Change, The More They Stay The Same

2025 is off to a tough start. Our call on boring or scary price action seems to be holding up. Bitcoin remains boring and is range-bound between...

Etherbridge

ZkVerify: Optimizing Zero Knowledge Proof Verification at Scale

We're excited to share our deep dive on zkVerify as part of the inaugural cohort for Delphi x The Tie's Institutional Accelerator.

Delphi Digital

Digital Asset Landscape Primer: Part 1

Explore the foundational layers of blockchain, from efficient transaction processing to user-friendly apps, and understand how decentralized...

Christopher Rosa

Steno Signals #194 – A Mar-a-Lago Accord- or Meltdown?

Happy Monday and welcome to my weekly editorial on everything macro. Everyone’s talking about the USD meltdown and whether it marks a seismic...

Steno Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

New Research: Unlocking Quantitative Alpha in Cryptocurrency Markets

​Crypto markets still have inefficiencies, especially in arbitrage and futures trading. Traditional factor models can be applied, with unique alpha...

William Mann

The More Things Change, The More They Stay The Same

2025 is off to a tough start. Our call on boring or scary price action seems to be holding up. Bitcoin remains boring and is range-bound between...

Etherbridge

ZkVerify: Optimizing Zero Knowledge Proof Verification at Scale

We're excited to share our deep dive on zkVerify as part of the inaugural cohort for Delphi x The Tie's Institutional Accelerator.

Delphi Digital

Digital Asset Landscape Primer: Part 1

Explore the foundational layers of blockchain, from efficient transaction processing to user-friendly apps, and understand how decentralized...

Christopher Rosa

Steno Signals #194 – A Mar-a-Lago Accord- or Meltdown?

Happy Monday and welcome to my weekly editorial on everything macro. Everyone’s talking about the USD meltdown and whether it marks a seismic...

Steno Research

Crypto markets still have inefficiencies, especially in arbitrage and futures trading. Traditional factor models can be applied, with unique alpha...