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.

Crypto

<ul><li>Towards the end of last year, I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.</li><li>In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows. </li><li>The good news is that global liquidity has been more or less flat over Q2, with no further drops apart from  the tokens featured in the SEC lawsuits and a handful of exchange-specific drops in liquidity, such as Binance.US.</li></ul>

Towards the end of last year, I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows. The good news is that global liquidity has been more or less flat over Q2, with no further drops apart from  the tokens featured in the SEC lawsuits and a handful of exchange-specific drops in liquidity, such as Binance.US.

CEO, ByteTree Asset Management

ByteTree Asset Management

Specialising in Bitcoin, Gold and Digital Assets

Investment Manager specialising in bitcoin, gold and digital assets

Thematic (Sector/Industry)

<ul><li>It is fair to say that our central bankers are out of practice when it comes to the hiking cycle.</li><li>Traditionally they took away the punchbowl just as the party was getting going.</li><li>This time they didn’t. In response to the pandemic, they printed money like never before in history, doubling their balance sheet in the process to a trillion pounds.</li></ul>

It is fair to say that our central bankers are out of practice when it comes to the hiking cycle.Traditionally they took away the punchbowl just as the party was getting going.This time they didn’t. In response to the pandemic, they printed money like never before in history, doubling their balance sheet in the process to a trillion pounds.

<ul><li>Last week, there was a possible attempt to depeg Tether (USDT), the world's largest stablecoin.</li><li>The company has since claimed the destabilization was caused by manipulation ahead of a big documents release, which shed new light on the firm's banking relationships and commercial paper exposure. </li><li>While the facts remain blurry, the selling started a few days before USDT dipped to as low as $.995 on both centralized and decentralized exchanges, suggesting some holders may have had advanced warning of the release. </li></ul>

Last week, there was a possible attempt to depeg Tether (USDT), the world's largest stablecoin.The company has since claimed the destabilization was caused by manipulation ahead of a big documents release, which shed new light on the firm's banking relationships and commercial paper exposure. While the facts remain blurry, the selling started a few days before USDT dipped to as low as $.995 on both centralized and decentralized exchanges, suggesting some holders may have had advanced warning of the release. 

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>Human beings are engineers. Our historical narrative is marked by our constant ability to control our environment through innovative strides known as technology.</li><li>Typically, our most significant collective progress is linked with technologies that enhance our capacity to distribute information and foster trust.</li><li>Consider the societal transformation that occurred after the invention of the printing press. It was not just about more books - the dissemination of knowledge it facilitated catalysed the Scientific Revolution, forever altering our understanding of the world. </li></ul>

Human beings are engineers. Our historical narrative is marked by our constant ability to control our environment through innovative strides known as technology.Typically, our most significant collective progress is linked with technologies that enhance our capacity to distribute information and foster trust.Consider the societal transformation that occurred after the invention of the printing press. It was not just about more books - the dissemination of knowledge it facilitated catalysed the Scientific Revolution, forever altering our understanding of the world. 

The Collision of AI and Blockchain Technology

<ul>
<li>While CeFi liquidity has been on a gradual decline this year, which will be the main focus of this article, DeFi is facing a liquidity crisis of sorts in the last few days as one of the most liquid pools in the space becomes heavily imbalanced, so we’ll start there.</li>
<li>After the latest round of fears surrounding Tether, the 3pool moved to a weight of 75% Tether in the last day, as users rushed out of crypto’s largest stablecoin at once.</li>
<li>This resulted in Tether depegging to a price of $0.996. This is the most imbalanced the Curve pool has been this year.</li>
</ul>


While CeFi liquidity has been on a gradual decline this year, which will be the main focus of this article, DeFi is facing a liquidity crisis of sorts in the last few days as one of the most liquid pools in the space becomes heavily imbalanced, so we’ll start there.
After the latest round of fears surrounding Tether, the 3pool moved to a weight of 75% Tether in the last day, as users rushed out of crypto’s largest stablecoin at once.
This resulted in Tether depegging to a price of $0.996. This is the most imbalanced the Curve pool has been this year.


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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Ethereum (XETUSD CURNCY)

Q2 Liquidity Ranking for Crypto Assets

In Q1 of this year I provided an update to the ranking system as overall market liquidity hit 10 month lows. The good news is that global liquidity...

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Kaiko

The Collision of AI and Blockchain Technology

Human beings are engineers. Our historical narrative is marked by our constant ability to control our environment through innovative strides known...

Etherbridge

Q2 Crypto Liquidity Update

While CeFi liquidity has been on a gradual decline this year, which will be the main focus of this article, DeFi is facing a liquidity crisis of...

Kaiko

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