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>The crypto industry was again shaken this week when news came out that the NY Department of Financial Services (NYDFS) had ordered Paxos to stop issuing BUSD, with an NYDFS spokesperson saying Paxos “violated its obligation to conduct tailored, periodic risk assessments and due diligence refreshes of Binance and Paxos-issued BUSD customers to prevent bad actors from using the platform.”</li>
<li>Additionally, it was revealed that the Securities and Exchange Commission (SEC) sent a Wells notice to Paxos, informing the company that the SEC is considering legal action against Paxos, alleging that BUSD is a security. (I’ve offered my thoughts on the regulatory aspect of this here.) </li>
<li>We’ve covered BUSD’s growth and market share extensively in previous Data Debriefs, noting that about 35% of Binance volume is denominated in BUSD and it quickly grew to the third largest stablecoin by market cap</li>
</ul>


The crypto industry was again shaken this week when news came out that the NY Department of Financial Services (NYDFS) had ordered Paxos to stop issuing BUSD, with an NYDFS spokesperson saying Paxos “violated its obligation to conduct tailored, periodic risk assessments and due diligence refreshes of Binance and Paxos-issued BUSD customers to prevent bad actors from using the platform.”
Additionally, it was revealed that the Securities and Exchange Commission (SEC) sent a Wells notice to Paxos, informing the company that the SEC is considering legal action against Paxos, alleging that BUSD is a security. (I’ve offered my thoughts on the regulatory aspect of this here.) 
We’ve covered BUSD’s growth and market share extensively in previous Data Debriefs, noting that about 35% of Binance volume is denominated in BUSD and it quickly grew to the third largest stablecoin by market cap


<ul><li>Price Movements: BTC gained another 10% this week despite news that Genesis had filed for bankruptcy, with a reported $5bn in liabilities.</li><li>Market Liquidity: Trade volume on the largest Asia-based exchanges fell to multi-year lows amid a tough regulatory environment in the region. </li><li>Derivatives: BTC open interest has dropped 25% as a short squeeze hits derivatives traders.</li></ul>

Price Movements: BTC gained another 10% this week despite news that Genesis had filed for bankruptcy, with a reported $5bn in liabilities.Market Liquidity: Trade volume on the largest Asia-based exchanges fell to multi-year lows amid a tough regulatory environment in the region. Derivatives: BTC open interest has dropped 25% as a short squeeze hits derivatives traders.

<ul><li>Price Movements: BTC's correlation with BNB has dropped significantly since FTX's collapse, a sign that Binance's token is diverging from wider markets. </li><li>Market Liquidity: Curve, the DEX optimized for stablecoin swaps, is still mostly used by whale traders. </li><li>Derivatives: Tron futures skew bearish after the network's native stablecoin, USDD, depegged to $.97.</li></ul>

Price Movements: BTC's correlation with BNB has dropped significantly since FTX's collapse, a sign that Binance's token is diverging from wider markets. Market Liquidity: Curve, the DEX optimized for stablecoin swaps, is still mostly used by whale traders. Derivatives: Tron futures skew bearish after the network's native stablecoin, USDD, depegged to $.97.

Founder, Shrimpy

Michael McCarty

Founder

Shrimpy

Shrimpy develops the most advanced APIs for crypto exchange management, trade execution, and real-time data collection.

Develops the Most Advanced APIs

<ul><li>FTX collapsed causing the crypto market to fall into shambles.</li><li>FUD (Fear, uncertainty, and doubt) are spreading like wildfire throughout the industry and people have every right to be scared.</li><li>The fallout of the FTX collapse will be the battle for the soul of crypto. </li></ul>

FTX collapsed causing the crypto market to fall into shambles.FUD (Fear, uncertainty, and doubt) are spreading like wildfire throughout the industry and people have every right to be scared.The fallout of the FTX collapse will be the battle for the soul of crypto. 

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>Over the past week and a half, we witnessed the unravelling of the $32 billion empire that was FTX and the fall of its "benevolent" leader Sam Bankman-Fried, otherwise known as SBF.</li><li>This story of overleveraging and outright fraud has formed a part of the bigger crypto debt crisis of 2022.</li><li>This article will explore how this debt crisis has unfolded and how all parties were closely interlinked. </li></ul>

Over the past week and a half, we witnessed the unravelling of the $32 billion empire that was FTX and the fall of its "benevolent" leader Sam Bankman-Fried, otherwise known as SBF.This story of overleveraging and outright fraud has formed a part of the bigger crypto debt crisis of 2022.This article will explore how this debt crisis has unfolded and how all parties were closely interlinked. 

United States

As of 27th May 2022, LUNA has been rebranded to LUNC (Terra Classic). Terra Classic is a decentralized financial payment network that is rebuilding traditional payment technology on the blockchain. It manages a basket of fiat pegged stablecoins that are algorithmically managed by the protocol via its LUNC Token. In addition, LUNC is used to pay for transaction fees, staking collateral and to vote. Terra Classic is the orginal technology behind Terra 2.0 (LUNA) which is a new crypto asset running on a new Blockchain. For more information see https://docs.terra.money/docs/migration/exchange-migration.html

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Terra (XLU CURNCY)

The Unwinding of BUSD

We’ve covered BUSD’s growth and market share extensively in previous Data Debriefs, noting that about 35% of Binance volume is denominated in BUSD

Kaiko

FTT Returns From the Dead

Price Movements: BTC gained another 10% this week despite news that Genesis had filed for bankruptcy, with a reported $5bn in liabilities.

Kaiko

Terra Collapse Returns to the Spotlight

Price Movements: BTC's correlation with BNB has dropped significantly since FTX's collapse, a sign that Binance's token is diverging from wider...

Kaiko

Fighting for the Soul of Crypto

FTX collapsed causing the crypto market to fall into shambles. FUD (Fear, uncertainty, and doubt) are spreading like wildfire throughout the...

Michael McCarty

The 2022 Crypto Debt Crisis

Over the past week and a half, we witnessed the unravelling of the $32 billion empire that was FTX and the fall of its "benevolent" leader Sam...

Etherbridge

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