Category

Crypto

Jun 23
0

Daily Brief Crypto: CRV and more

By | Crypto, Daily Briefs

In today’s briefing:

  • CRV, Aave, and the Art of Liquidation

CRV, Aave, and the Art of Liquidation

By Kaiko

  • Curve Finance’s CEO Michael Egorov briefly found himself in the spotlight last week as Crypto Twitter spotted him depositing more CRV to Aave V2 in 3 large transactions worth a total of $35mn USD (represented by the orange plus signs below). 
  • Currently, his position stands at nearly $200mn CRV deposited and $60mn USDT borrowed, making it one of the largest loans in DeFi history.
  • So, why is this significant? And what are the implications for Aave and CRV?

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Jun 20
0

Daily Brief Crypto: The Data Behind Tether’s Depeg and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Data Behind Tether’s Depeg

The Data Behind Tether’s Depeg

By Kaiko

  • 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. 

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Jun 19
0

Daily Brief Crypto: The Collision of AI and Blockchain Technology and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Collision of AI and Blockchain Technology

The Collision of AI and Blockchain Technology

By Etherbridge

  • 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. 

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Jun 17
0

Daily Brief Crypto: Q2 Crypto Liquidity Update and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Q2 Crypto Liquidity Update

Q2 Crypto Liquidity Update

By Kaiko

  • 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.

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Jun 13
0

Daily Brief Crypto: Market Makers Flee Binance.US and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Market Makers Flee Binance.US

Market Makers Flee Binance.US

By Kaiko

  • Binance.US is bleeding. One week after the SEC lawsuit, market makers and traders have fled the exchange en masse.
  • Liquidity, as measured by aggregated market depth for 17 tokens on the exchange, has fallen nearly 80% over the past week.
  • On June 4, the day before the SEC lawsuit, market depth was $34mn. Today, market depth is just $7mn.

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Jun 09
0

Daily Brief Crypto: The Data Behind the SEC’s Big Week and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Data Behind the SEC’s Big Week

The Data Behind the SEC’s Big Week

By Kaiko

  • This has been perhaps the single most consequential week for crypto in the U.S., as the SEC charged Coinbase with operating an unregistered securities exchange and charged Binance, Binance.US, and CEO Changpeng Zhao (“CZ”) with a variety of securities law violations. 
  • Just two months ago, we chronicled the CFTC’s charges against Binance and CZ, which primarily focused on Binance’s alleged efforts to onboard high-volume U.S. traders onto Binance, rather than Binance.US (for simplicity, “Binance” will refer to the international exchange and “Binance.US” its U.S. affiliate).
  • This analysis showed that despite the creation of Binance.US in 2019, Binance’s trading had actually become more skewed towards U.S. hours, in fact resembling U.S.-based exchanges like Coinbase.

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Jun 06
0

Daily Brief Crypto: The Fraught Future of Privacy Tokens and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Fraught Future of Privacy Tokens

The Fraught Future of Privacy Tokens

By Kaiko

  • Last week, Binance announced that it would restrict trading of privacy tokens for users in France, Italy, Poland, and Spain starting June 26.
  • This follows similar de-listings by Huobi, OkCoin, Bithumb, and Upbit.
  • As the name suggests, privacy tokens are designed to allow users to transact anonymously, rather than pseudonymously.

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May 30
0

Daily Brief Crypto: Safe | May 27 and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Safe | May 27, 2023
  • ETH Liquidity Shows Positive Trend

Safe | May 27, 2023

By Etherbridge

  • The Web3 era, characterised by a decentralised internet and blockchain technology, presents opportunities and challenges in equal measure.
  • Prominent among these challenges are security and usability issues, which demand a high degree of attention and innovativeness.
  • Safe, formerly known as Gnosis Safe, a programmable smart contract account, stands at the forefront of this innovation, offering a multitude of benefits that greatly enhance the user experience overall. 

ETH Liquidity Shows Positive Trend

By Kaiko

  • Since the collapse of FTX last year, there has been little good news on the liquidity front for crypto assets.
  • The shutdown of the Signet and SEN fiat settlement networks in the US severely impacted market makers operational efficiency.
  • This can be seen in 2% market depth for ETH, which dipped in March and has failed to recover to pre-FTX levels.

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May 26
0

Daily Brief Crypto: LDO’s Shifting Market Structure: Unveiling Asset Metrics and more

By | Crypto, Daily Briefs

In today’s briefing:

  • LDO’s Shifting Market Structure: Unveiling Asset Metrics

LDO’s Shifting Market Structure: Unveiling Asset Metrics

By Kaiko

  • Asset Metrics is perhaps the most powerful product that Kaiko has ever released.
  • With a single endpoint, users are able to fetch historical liquidity and volume data for any asset we cover, including all instruments and all exchanges – centralized or decentralized.
  • Additionally, it includes historical holder data for a wide variety of ERC-20 tokens.

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May 23
0

Daily Brief Crypto: Convergence of Artificial Intelligence and Web3 and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Convergence of Artificial Intelligence and Web3
  • Why Is Tether’s Market Cap Approaching ATH?

Convergence of Artificial Intelligence and Web3

By Ocular

  • Introduction Over the past few months, we have seen how ChatGPT has taken the world by storm.
  • It is estimated that ChatGPT reached 100 million monthly active users in Jan 2023, just two months after launch, making it the fastest-growing consumer application in history.
  • The popularity of ChatGPT has reignited conversations on the potential of artificial intelligence (AI).

Why Is Tether’s Market Cap Approaching ATH?

By Kaiko

  • Ever since the March banking crisis, crypto trade volume and prices have been in the doldrums, with no strong movements in either direction.
  • Over the weekend, daily volume dropped to multi-year lows.
  • Yet, amid the lull, Tether’s market cap is quickly approaching a new all time high, with the total supply currently at $82.9 billion.

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