Category

Crypto

Dec 20
0

Daily Brief Crypto: Binance Volume Recovers Despite Mass Outflows and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Binance Volume Recovers Despite Mass Outflows

Binance Volume Recovers Despite Mass Outflows

By Kaiko

  • Price Movements: Binance’s BUSD stablecoin, BNB token, and staking token bETH have had a volatile week amid mass withdrawals.
  • Market Liquidity: Throughout December, BTC market depth on Coinbase has increased 46% while on Binance, depth is down 5%.
  • Derivatives: Open interest for BTC and ETH perpetual futures has nearly halved since November. 

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Dec 16
0

Daily Brief Crypto: A Comparison of Aave and Compound and more

By | Crypto, Daily Briefs

In today’s briefing:

  • A Comparison of Aave and Compound

A Comparison of Aave and Compound

By Kaiko

  • Aave and Compound are two of DeFi’s stalwarts: the two largest lending and borrowing protocols on Ethereum, each with a TVL over ten times larger than the third largest protocol.
  • Both protocols have functioned nearly flawlessly this year while a growing number of centralized entities have been failing in often spectacular fashion.
  • Aave has accumulated just $2.17mn of bad debt (most of which was generated in a recent, likely unprofitable, exploit covered here) relative to its $3.2bn TVL, while Compound has just $65,000 to its $1.5bn TVL. 

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Dec 13
0

Daily Brief Crypto: Terra Collapse Returns to the Spotlight and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Terra Collapse Returns to the Spotlight

Terra Collapse Returns to the Spotlight

By Kaiko

  • 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.

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Dec 12
0

Daily Brief Crypto: Crypto At The Christmas Table and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto At The Christmas Table

Crypto At The Christmas Table

By Etherbridge

  • We’ve all been there. At some point in the Christmas supper, maybe between the roast turkey and the mince pies, Aunty Hilda or Granda Joe inadvertently starts a heated debate around this “bitcoin thing.”
  • There may be a tech-savvy cousin who tries to come to the rescue and explain how blockchain works or why people value jpegs on the internet, to no avail. 
  • This year the Etherbridge team thought we would do a holiday special titled “Crypto At The Christmas Table” so you are fully prepared to handle any blockchain conversation that may arise. So let’s dive in.

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Dec 09
0

Daily Brief Crypto: 2023 High Conviction – Chainlink and more

By | Crypto, Daily Briefs

In today’s briefing:

  • 2023 High Conviction – Chainlink, Bridging Blockchain with Real-World Data Source
  • A New Model for Assessing Crypto Asset Liquidity

2023 High Conviction – Chainlink, Bridging Blockchain with Real-World Data Source

By Edward Wu

  • Chainlink provides essential data-feeding services for blockchains, providing a bridge between blockchains and real-world information and data sources for both crypto and non-crypto use cases.
  • LINK token captures Chainlink’s network value, and new tokenomics 2.0 introduce staking further improve the supply & demand dynamic.
  • LINK price is supported by the growing usage of Chainlink network as onchain activity continues growing despite the bear market.

A New Model for Assessing Crypto Asset Liquidity

By Kaiko

  • Market capitalization is one of the most commonly used metrics to legitimize the value of a cryptocurrency.
  • We often hear of a token breaking into the top 10 ranking by market cap, with tokens like BNB making headlines after a move into the top 5, cementing it as a pillar in the crypto ecosystem.
  • However, all it takes is a quick run through the top 20 or 30 tokens to realize not all market caps are created equal.

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Dec 06
0

Daily Brief Crypto: Sporting Crypto – Dec 5th: The Casino and The Factory and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Sporting Crypto – Dec 5th: The Casino and The Factory
  • Bearish Sentiment Hits Binance’s BNB Token

Sporting Crypto – Dec 5th: The Casino and The Factory

By Sporting Crypto

  • Instead of going on a long rant about why this next iteration of NFTs is important more broadly – let’s contextualise this for the sports industry.
  • After all, this is a newsletter called Sporting Crypto.
  • The sports industry has seen some pretty amazing things when it comes to Web3.

Bearish Sentiment Hits Binance’s BNB Token

By Kaiko

  • Price Movements: The tokens for the decentralized derivatives exchanges dYdX and GMX have surged since the collapse of FTX.
  • Market Liquidity: Dollar trading volumes for BTC markets dropped to two year lows relative to Tether. 
  • Derivatives: BNB funding rates dip to their most negative this year.

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Dec 04
0

Daily Brief Crypto: Web3 Mini Report 2022 and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Web3 Mini Report 2022

Web3 Mini Report 2022

By Etherbridge

  • Last year Etherbridge published a Web3 mini report where we reviewed some of the most significant Web3 sectors and a few up-and-coming ones. 
  • The year has been challenging for all markets in general, and crypto has been no exception. Internal human errors and poorly designed token mechanics resulted in a crypto credit crisis, exacerbating the market crash further.
  • Nevertheless, the underlying technology across the blockchain stack has continued to evolve and improve, with some fundamental breakthroughs happening in scaling and other critical infrastructure. 

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Dec 03
0

Daily Brief Crypto: Fighting for the Soul of Crypto and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Fighting for the Soul of Crypto

Fighting for the Soul of Crypto

By Michael McCarty

  • 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. 

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Dec 02
0

Daily Brief Crypto: Crypto.com and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto.com, Independent Reserve in Top 5 for Strong AML; Binance Places 42nd
  • The Long and Short of Aave

Crypto.com, Independent Reserve in Top 5 for Strong AML; Binance Places 42nd

By Tech in Asia

  • Familiar names in Singapore landed in the top five of a list featuring crypto exchanges with strong anti-money laundering (AML) systems.

  • Blockchain.com and Independent Reserve, which are both licensed to operate in Singapore, ranked first and third place respectively. Crypto.com, which has in-principle approval, placed fifth.

  • Binance, the largest crypto exchange in the world, in the 42nd  spot.

The Long and Short of Aave

By Kaiko

  • Lending and borrowing in DeFi follows the same basic principles as it does in traditional finance: I supply some asset as collateral and I am able to borrow a certain amount of some other asset.
  • However, this being DeFi, there are some important differences from TradFi.
  • The most important is that the protocol has no way of knowing how trustworthy I am, and thus will require any loan to be overcollateralized.

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Nov 29
0

Daily Brief Crypto: Wrapped Assets Under Scrutiny and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Wrapped Assets Under Scrutiny

Wrapped Assets Under Scrutiny

By Kaiko

  • Price Movements: The stETH discount worsened after a whale withdrew $100m ETH from Curve. 
  • Market Liquidity: BUSD’s market share of volume on centralized exchanges is approaching all time highs. 
  • Derivatives: The ratio of futures to spot volume has experienced a 5x drop, meaning fewer derivatives are being traded relative to spot.

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