Research from Ocular, Ocular

Ocular

Research from Ocular

Ocular is a crypto fund based in Singapore managed by Openspace Ventures, one of the top VCs in the region. We invest in crypto VC and HF funds as well as crypto projects globally. The Ocular team comprises crypto enthusiasts with venture capital and data science background.

Crypto Fund

Crypto

<ul><li>2022 was a challenging year for web3. We witnessed the collapse of TerraLUNA, the fall of FTX, and several notable insolvencies including Three Arrows Capital, Voyager, Celsius and BlockFi.</li><li>These events deeply impacted the sector, with the crypto market losing <a href="https://www.cnbc.com/2022/12/23/bitcoin-lost-over-60-percent-of-its-value-in-2022.html#:~:text=Bitcoin%20lost%20over%2060%%20of%20its%20value%20in%202022" target="_blank" rel="noopener">over $2 trillion</a> in market cap in 2022 and public perception of web3 turning sour.</li><li>Many suspect we have yet to feel the full magnitude of the contagion effect of these events, as they are still ongoing (e.g. the FTX trial), and we could reach new lows.</li></ul>

2022 was a challenging year for web3. We witnessed the collapse of TerraLUNA, the fall of FTX, and several notable insolvencies including Three Arrows Capital, Voyager, Celsius and BlockFi.These events deeply impacted the sector, with the crypto market losing over $2 trillion in market cap in 2022 and public perception of web3 turning sour.Many suspect we have yet to feel the full magnitude of the contagion effect of these events, as they are still ongoing (e.g. the FTX trial), and we could reach new lows.

Data-Driven Analysis of Cryptocurrency Markets, Kaiko

Kaiko

Data-Driven Analysis of Cryptocurrency Markets

Kaiko is the leading cryptocurrency market data provider for institutional investors and enterprises. We empower market participants with accurate, transparent, and actionable financial data to be leveraged for a range of market activities. Kaiko’s mission is to be the foundation of the new digital finance economy by serving as a single source for market information. Our mission is premised on the idea that high-quality data drives market efficiency and greater transparency throughout the industry. For each of our enterprise clients, we build custom data plans designed for a range of use cases.

<ul><li>Crypto optimists have said for the last few months that the worst is behind us.</li><li>Just in the last year we’ve seen the collapse of crypto hedge funds, lenders and exchanges.</li><li>They say the bad actors have been removed from the space and there’s only good news from here</li></ul>

Crypto optimists have said for the last few months that the worst is behind us.Just in the last year we’ve seen the collapse of crypto hedge funds, lenders and exchanges.They say the bad actors have been removed from the space and there’s only good news from here

<ul><li>Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”</li><li>The news prompted Coinbase, Paxos, Galaxy Digital and a host of other large crypto enterprises to drop Silvergate as a banking partner. Why does this matter? </li><li>The “fiat problem” has long plagued crypto markets: to buy bitcoin, you at some point need to interact with the traditional banking system.</li></ul>

Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”The news prompted Coinbase, Paxos, Galaxy Digital and a host of other large crypto enterprises to drop Silvergate as a banking partner. Why does this matter? The “fiat problem” has long plagued crypto markets: to buy bitcoin, you at some point need to interact with the traditional banking system.

<ul><li>It’s impossible to paint a full picture of Ethereum DeFi without an understanding of Curve.</li><li>Its unique AMM mechanism enables large stablecoin swaps with extremely low price slippage and its governance and incentives make it a kingmaker for stablecoins; Terra founder Do Kwon touted the infamous 4pool – containing UST – as the thing that would catapult his stablecoin ahead of DAI.</li><li>In the past, we have <a href="https://d2-cwy04.eu1.hubspotlinks.com/Ctc/W+113/d2-CwY04/VVM5M-4MT7sSW8kchtV5kG1dWW3X6sTS4XF--HN5n2LRN3q90_V1-WJV7CgVG_W7hxn1z8wmgYmW3z3-424Nk3PcW27_JZR1kR5zHW8_HKBx3lsDXdW3j7gRm3sCjV6W5rz7y3475_mtW5Zhttx5SYXL5W3ZvcT_7crWjKW7ZhKR_4J5kvcW7PL-9d6f7xhWW7pp0DS3gRcZhW1SDh4f8_lGMRML39MzsCC7WVcybsS2-_Tb9W5GH-bf6l2fVVW762KNb2DDPwbW5Z6GK82qrF01VtqqqB5qV809W3wT4w75QDv0PW39jpQ_2LVwrLN23LdMjX_YhWW7lwQ163QV7bgVqCRVX6wST9XW7j85gK33YzRlW4xJhy22-gjqMW3BsSMq26yWlJN3fgQvnYlRL7N5zq3b5lkl2cW6mjkcl9cB18_W1gh2T-6y80Fb326_1" target="_blank" data-saferedirecturl="https://www.google.com/url?q=https://d2-CwY04.eu1.hubspotlinks.com/Ctc/W%2B113/d2-CwY04/VVM5M-4MT7sSW8kchtV5kG1dWW3X6sTS4XF--HN5n2LRN3q90_V1-WJV7CgVG_W7hxn1z8wmgYmW3z3-424Nk3PcW27_JZR1kR5zHW8_HKBx3lsDXdW3j7gRm3sCjV6W5rz7y3475_mtW5Zhttx5SYXL5W3ZvcT_7crWjKW7ZhKR_4J5kvcW7PL-9d6f7xhWW7pp0DS3gRcZhW1SDh4f8_lGMRML39MzsCC7WVcybsS2-_Tb9W5GH-bf6l2fVVW762KNb2DDPwbW5Z6GK82qrF01VtqqqB5qV809W3wT4w75QDv0PW39jpQ_2LVwrLN23LdMjX_YhWW7lwQ163QV7bgVqCRVX6wST9XW7j85gK33YzRlW4xJhy22-gjqMW3BsSMq26yWlJN3fgQvnYlRL7N5zq3b5lkl2cW6mjkcl9cB18_W1gh2T-6y80Fb326_1&amp;source=gmail&amp;ust=1677884357107000&amp;usg=AOvVaw2xrho6lUWQX2iukgSzMdCY" rel="noopener">written</a> on how Curve pools can be a useful barometer for stablecoin demand particularly during volatile market events. </li></ul>

It’s impossible to paint a full picture of Ethereum DeFi without an understanding of Curve.Its unique AMM mechanism enables large stablecoin swaps with extremely low price slippage and its governance and incentives make it a kingmaker for stablecoins; Terra founder Do Kwon touted the infamous 4pool – containing UST – as the thing that would catapult his stablecoin ahead of DAI.In the past, we have written on how Curve pools can be a useful barometer for stablecoin demand particularly during volatile market events. 

Crypto in Sports, Sporting Crypto

Sporting Crypto

Crypto in Sports

Breaking down the intersection between Sports and Crypto

Intersection Between Sports and Crypto

<ul><li>Last week there were headlines from media publishers that read something along the lines of; NBA-Branded 'Top Shot Moments' NFTs May Be Securities, Judge Rules in Dapper Labs Case</li><li>This brewed discourse around 1) Top Shots themselves being securities and 2) NFTs as a thing being securities.</li><li>Both 1) and 2) are wrong in my opinion, for a variety of reasons.</li></ul>

Last week there were headlines from media publishers that read something along the lines of; NBA-Branded 'Top Shot Moments' NFTs May Be Securities, Judge Rules in Dapper Labs CaseThis brewed discourse around 1) Top Shots themselves being securities and 2) NFTs as a thing being securities.Both 1) and 2) are wrong in my opinion, for a variety of reasons.

Sporting Crypto - 27th Feb 2023: Are NBA Top Shots Securities?

United States

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

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Ocular: 2023 Thematic Outlook

Many suspect we have yet to feel the full magnitude of the contagion effect of these events, as they are still ongoing (e.g. the FTX trial), and we...

Ocular

The Scramble for Silvergate Alternatives

Crypto optimists have said for the last few months that the worst is behind us. Just in the last year we’ve seen the collapse of crypto hedge...

Kaiko

The Future of Fiat On-Ramps

Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”

Kaiko

Whales Vs. Retail: Who's Using Curve?

Its unique AMM mechanism enables large stablecoin swaps with extremely low price slippage and its governance and incentives make it a kingmaker for...

Kaiko

Sporting Crypto - 27th Feb 2023: Are NBA Top Shots Securities?

Last week there were headlines from media publishers that read something along the lines of; NBA-Branded 'Top Shot Moments' NFTs May Be Securities,...

Sporting Crypto

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