Special Projects Analyst at Delphi Digital, Delphi Digital

Gerryl Pay

Special Projects Analyst at Delphi Digital

Institutional-Grade Crypto Research & Data

Delphi Digital

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.

Crypto

<ul>
<li>EigenLayer emerges as a protocol reshaping the staking paradigm. Going beyond Ethereum's security, EigenLayer greatly extends the utility of staked ETH.</li>
<li>UniswapX and other intent based apps will break DEXs out of their growth plateau. </li>
<li>Scalability advancements through rollapps and UX improvements from next-gen wallets will make DeFi more viable for end users. </li>
</ul>


EigenLayer emerges as a protocol reshaping the staking paradigm. Going beyond Ethereum's security, EigenLayer greatly extends the utility of staked ETH.
UniswapX and other intent based apps will break DEXs out of their growth plateau. 
Scalability advancements through rollapps and UX improvements from next-gen wallets will make DeFi more viable for end users. 


Year Ahead for DeFi 2024 (Executive Summary)

Energy Transition | AI | Shifting World Order, Mint Finance

Pranay Yadav

Energy Transition | AI | Shifting World Order

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Cross Asset Strategy

<ul>
<li>Outperformance during rallies is usually followed by sharper corrections during downturns. Buy the rumour and sell the news is common in crypto markets.</li>
<li>Coinbase is a top ranking performer. The crypto exchange stock is up a whopping 454% YTD outperforming BTC by almost 3x.</li>
<li>While Coinbase may do well in a continued cryptocurrency bull market, it is worth considering whether the rally has already played out.</li>
</ul>


Outperformance during rallies is usually followed by sharper corrections during downturns. Buy the rumour and sell the news is common in crypto markets.
Coinbase is a top ranking performer. The crypto exchange stock is up a whopping 454% YTD outperforming BTC by almost 3x.
While Coinbase may do well in a continued cryptocurrency bull market, it is worth considering whether the rally has already played out.


Junior Finance Analyst, Steno Research

Ulrik Simmelholt

Junior Finance Analyst

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>We’ll start today’s 5 things with a look at the central bank outlook for in 2024, then we’ll address the troubles for OPEC.</li><li>We move over to talk about China and afterwards Ukraine for some geopolitics.</li><li>Finally, we’ll end this year’s last 5 things with a crypto outlook.</li></ul>

We’ll start today’s 5 things with a look at the central bank outlook for in 2024, then we’ll address the troubles for OPEC.We move over to talk about China and afterwards Ukraine for some geopolitics.Finally, we’ll end this year’s last 5 things with a crypto outlook.

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

<ul>
<li>We have lifted the weight of Developed and Emerging Market Equities to Neutral and raise Bitcoin to Overweight.</li>
<li>The catalyst for these portfolio decisions is the Federal Reserve, which strengthened the dominant market driver being the combination of Federal Reserve rate cuts, a soft landing, and ample liquidity.</li>
<li>Bitcoin is also one of the beneficiaries of growing worries about the speed of debt accumulation. In addition, the impact of US spot Bitcoin ETFs may drive Bitcoin’s price higher.</li>
</ul>


We have lifted the weight of Developed and Emerging Market Equities to Neutral and raise Bitcoin to Overweight.
The catalyst for these portfolio decisions is the Federal Reserve, which strengthened the dominant market driver being the combination of Federal Reserve rate cuts, a soft landing, and ample liquidity.
Bitcoin is also one of the beneficiaries of growing worries about the speed of debt accumulation. In addition, the impact of US spot Bitcoin ETFs may drive Bitcoin’s price higher.


Portfolio Changes – Fed Exuberance = Equities Neutral, Long Bitcoin

<ul>
<li>The stage is set for a potential resurgence of NFTs in 2024. As crypto wealth increases, spending on NFTs for “flexing”, identity, and entertainment will rise.</li>
<li>A few NFT Character Brands could explode into mainstream consciousness and grow exponentially. Others will remain as niche communities.</li>
<li>Ethereum will lose market share in NFTs, and Solana could catch up.</li>
</ul>


The stage is set for a potential resurgence of NFTs in 2024. As crypto wealth increases, spending on NFTs for “flexing”, identity, and entertainment will rise.
A few NFT Character Brands could explode into mainstream consciousness and grow exponentially. Others will remain as niche communities.
Ethereum will lose market share in NFTs, and Solana could catch up.


Year Ahead For NFTs 2024 (Executive Summary)

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)

Year Ahead for DeFi 2024 (Executive Summary)

EigenLayer protocol reshapes staking paradigm, enhancing utility of staked ETH. Intent-based apps like UniswapX will boost DEX growth, while...

Delphi Digital

Is Coinbase Rally Running Out of Steam?

Outperformance during rallies precede brutal corrections. Buy the rumour and sell the news is common in crypto markets. How will Coinbase fare in a...

Mint Finance

Five Things We Watch For In 2024

The thing to watch is probably employment numbers and once the labor markets start turning bad, expect CBs to cut in a hurry (especially if it is...

Steno Research

Portfolio Changes – Fed Exuberance = Equities Neutral, Long Bitcoin

Powell gave investors everything they wanted. We raise the weight of equities and 'front-run' the Bitcoin halving while also adding to gold.

Jeroen Blokland

Year Ahead For NFTs 2024 (Executive Summary)

Crypto wealth is expected to drive a resurgence of NFTs in 2024, with potential for certain brands to gain mainstream popularity while Ethereum's...

Delphi Digital

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Year Ahead for DeFi 2024 (Executive Summary)

​EigenLayer protocol reshapes staking paradigm, enhancing utility of staked ETH. Intent-based apps like UniswapX will boost DEX growth, while...

Delphi Digital

Is Coinbase Rally Running Out of Steam?

Outperformance during rallies precede brutal corrections. Buy the rumour and sell the news is common in crypto markets. How will Coinbase fare in a...

Mint Finance

Five Things We Watch For In 2024

The thing to watch is probably employment numbers and once the labor markets start turning bad, expect CBs to cut in a hurry (especially if it is...

Steno Research

Portfolio Changes – Fed Exuberance = Equities Neutral, Long Bitcoin

Powell gave investors everything they wanted. We raise the weight of equities and 'front-run' the Bitcoin halving while also adding to gold.

Jeroen Blokland

Year Ahead For NFTs 2024 (Executive Summary)

​Crypto wealth is expected to drive a resurgence of NFTs in 2024, with potential for certain brands to gain mainstream popularity while Ethereum's...

Delphi Digital

EigenLayer protocol reshapes staking paradigm, enhancing utility of staked ETH. Intent-based apps like UniswapX will boost DEX growth, while...

Crypto wealth is expected to drive a resurgence of NFTs in 2024, with potential for certain brands to gain mainstream popularity while Ethereum's...