Category

Crypto

Jul 18
0

Daily Brief Crypto: XRP Volume Surpasses BTC Following Landmark Ruling and more

By | Crypto, Daily Briefs

In today’s briefing:

  • XRP Volume Surpasses BTC Following Landmark Ruling

XRP Volume Surpasses BTC Following Landmark Ruling

By Kaiko

  • After years of waiting, Ripple finally got a ruling in their highly anticipated lawsuit with the SEC: the company did not violate federal securities law by selling its XRP token on public exchanges.
  • The market reaction was near instantaneous.
  • Since Thursday, XRP is up 61% and several exchanges that had previously de-listed the token, including Coinbase and Kraken, immediately re-listed it.

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Jul 14
0

Daily Brief Crypto: The State of Stablecoins and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The State of Stablecoins

The State of Stablecoins

By Kaiko

  • Stablecoins are systemically important in cryptocurrency markets, so even the slightest depeg can cause mass market contagion.
  • As such, it is concerning that stablecoins have been particularly volatile since the start of 2023
  • TUSD wobbled amid Prime Trust’s closure, USDT depegged due to mysterious selling activity, BUSD has been increasingly volatile since Paxos halted issuance, and USDC crashed during the March banking crisis.

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Jul 11
0

Daily Brief Crypto: Celsius Liquidations Could Pressure Altcoin Markets and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Celsius Liquidations Could Pressure Altcoin Markets

Celsius Liquidations Could Pressure Altcoin Markets

By Kaiko

  • Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its restructuring plan.
  • The company has reportedly moved some of its holdings to market maker Wintermute and stablecoin issuer Paxos.
  • As of end-March, Celsius held more than $2B in BTC, ETH and stETH and a mixed bag of liquid and illiquid altcoins, including $240mn of its own CEL token.

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Jul 10
0

Daily Brief Crypto: Bitcoin Gets The Nod and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Bitcoin Gets The Nod

Bitcoin Gets The Nod

By Etherbridge

  • The bitcoin halving is officially insight, expected to occur in late April 2024.
  • Unlike bitcoins competitors for money like the US dollar or British pound, its monetary policy is programmatic, simple, immutable and transparent to its holders.
  • The upcoming halving will reduce the block subsidy to 3.125 BTC a block, trimming bitcoins issuance rate to 0.9%.

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Jul 07
0

Daily Brief Crypto: Is StETH Liquid Enough? and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Is StETH Liquid Enough?

Is StETH Liquid Enough?

By Kaiko

  • Three Arrows Capital famously blew up because of a series of bad trades, primarily Luna and GBTC.
  • What happened to Luna is obvious: it went to 0 because of UST’s flawed peg maintenance mechanism.
  • The GBTC situation was a bit more complex: “Grayscale allowed big investors like 3AC to purchase shares directly by giving Bitcoin to the trust.

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Jul 06
0

Daily Brief Crypto: #70 Superpowered superchains and more

By | Crypto, Daily Briefs

In today’s briefing:

  • #70 Superpowered superchains

#70 Superpowered superchains

By Carbono Insights

  • The second week in a row of good vibes. The crypto market is basking in a period of optimism, fueled by the momentum generated from the influx of numerous ETF filings.
  • Bitcoin and Ethereum, the leading cryptocurrencies, have experienced sustained upward trends in their values.
  • As a result, the vision of an interconnected on-chain, off-chain financial system is rekindled, and the hopes of a seamless integration of traditional and digital economies emerge again, with record inflows of capital into crypto to feed this hypothesis.

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Jul 02
0

Daily Brief Crypto: Q2 Liquidity Ranking for Crypto Assets and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Q2 Liquidity Ranking for Crypto Assets

Q2 Liquidity Ranking for Crypto Assets

By Kaiko

  • 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.

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Jun 27
0

Daily Brief Crypto: What’s Driving Bitcoin’s Rally? and more

By | Crypto, Daily Briefs

In today’s briefing:

  • What’s Driving Bitcoin’s Rally?

What’s Driving Bitcoin’s Rally?

By Kaiko

  • Bitcoin briefly hit yearly highs over the weekend and is up 15% week-on-week.
  • What’s driving this rapid surge in prices?
  • While news of a Blackrock ETF filing is certainly a bullish catalyst, let’s see what the data says. 

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Jun 26
0

Daily Brief Crypto: Rabby Wallet and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Rabby Wallet

Rabby Wallet

By Etherbridge

  • This article delves into the intricacies of Rabby Wallet, an innovative browser extension wallet devised by DeBank.
  • The wallet is engineered to respond effectively to the needs of participants within the increasingly complex and rapidly expanding arena of Decentralised Finance (DeFi).
  • In the realm of blockchain technology, where DeFi continues to grow and evolve, wallets such as Rabby are of paramount importance. 

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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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