Category

Crypto

Nov 08
0

Daily Brief Crypto: FTT/FTX- Another Inflection Point in the Crypto Market Waiting to Happen? and more

By | Crypto, Daily Briefs

In today’s briefing:

  • FTT/FTX- Another Inflection Point in the Crypto Market Waiting to Happen?
  • GMX – A DeFi Real Yield Protocol
  • FTT Liquidity Faces Key Test

FTT/FTX- Another Inflection Point in the Crypto Market Waiting to Happen?

By Rose Choy

  • On Nov 3, it was leaked that Alameda seemed to have a weaker than expected balance sheet with $7.6 bn of loans and a relatively illiquid portfolio of assets.
  • Alameda, a large proprietary crypto trading firm, did not officially comment but its CEO Caroline stated on Twitter that most of the loans were repaid. 
  • The potential linkages between Alameda and FTX, a large crytpo exchange, both controlled by Sam Bankman-Fried, are of utmost concern and has riled the crytpo market.

GMX – A DeFi Real Yield Protocol

By Edward Wu

  • GMX is a decentralized spot and perpetual exchange on the Ethereum Layer 2 scaling solution Arbitrum.
  • This protocol is absolutely a shining star in today’s market. Token price, TVL, and transaction volume are all in an upward trend.
  • It is also labeled as one of the best “Real Yield” opportunities for Liquidity Providers.

FTT Liquidity Faces Key Test

By Kaiko

  • Price Movements: For the first time since April, Lido staked ether (stETH) now trades at parity with ETH.
  • Market Liquidity: Coinbase reported lower than expected earnings due to a continued rout in trade volume.
  • Derivatives: ETH perpetual futures volume is now higher than BTC volumes as traders pounce at renewed volatility.

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Nov 03
0

Daily Brief Crypto: Reddit Creates an Adoption Tsunami and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Reddit Creates an Adoption Tsunami

Reddit Creates an Adoption Tsunami

By Carbono Insights

  • Reddit creates and adoption tsunami Bear times are build times.
  • You’re probably tired of hearing this already. But if you’re still with us during these bear times, and you’re still following the news, you’re probably aware that engineers are hard at work building what will be the rails of the next great wave of adoption.
  • As soon as liquidity enters back the room, crypto will be ready to onboard the first billion customers, be sure of that.

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Nov 02
0

Daily Brief Crypto: DeFi Options Protocols Series (#3): Where Can the Next Phase of Growth Come From? and more

By | Crypto, Daily Briefs

In today’s briefing:

  • DeFi Options Protocols Series (#3): Where Can the Next Phase of Growth Come From?

DeFi Options Protocols Series (#3): Where Can the Next Phase of Growth Come From?

By Alec Tseung

  • DeFi options protocols’ TVL did not change much in the past three months despite the bear market we are now in.
  • Many (TradFi) institutions and institutional investors we spoke to believed the next bull market/major innovations in DeFi might be coming from protocols that offer yields from real-world assets. 
  • To drive the next phase of growth, options protocols should leverage their composability to tap into it by offering those protocols additional use cases related to options. 

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Nov 01
0

Daily Brief Crypto: Quick Update on the New Hong Kong Crypto Policy Statement – A Revival of the Crypto Hub? and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Quick Update on the New Hong Kong Crypto Policy Statement – A Revival of the Crypto Hub?
  • Crypto Outperforms Tech Stocks
  • Sporting Crypto – October 31st 2022: FIFA Partner with Altered State Machine

Quick Update on the New Hong Kong Crypto Policy Statement – A Revival of the Crypto Hub?

By Edward Wu

  • Hong Kong government published on Oct 31 a statement titled “Policy Statement on Development of Virtual Assets in Hong Kong” with a much friendlier stance on crypto industry
  • The policy statement mainly focuses on crypto asset ETF, NFT, tokenized assets, stablecoin, and e-HKD; while utility tokens are missing from it.
  • While this has been perceived positively by the industry, the biggest concern is still the regulatory uncertainty, especially considering mainland China’s outright ban on all crypto-related activity

Crypto Outperforms Tech Stocks

By Kaiko

  • Price Movements: Crypto markets are soaring, led by the memecoin DOGE, which is up +100% in a week. 
  • Market Liquidity: High volatility caused bid-ask spreads to spike across ETH markets, which rippled throughout altcoin markets.
  • Derivatives: BitMEX, once the largest derivatives exchange, has experienced a sharp drop in perpetual futures volumes over the past two years. 

Sporting Crypto – October 31st 2022: FIFA Partner with Altered State Machine

By Sporting Crypto

  • FIFA, who recently launched FIFA+ Collect, have stepped up their Web3 game with yet another partnership.
  • This one is a bit more niche and complex. Equally, it’s potentially more interesting than the more generic highlight reel based moments that FIFA dropped a couple of weeks ago.
  • Basically, this is an NFT, that uses AI to train itself to interact with a number of different digital environments in several different ways.

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Oct 28
0

Daily Brief Crypto: An Abandoned Meta(Verse) and more

By | Crypto, Daily Briefs

In today’s briefing:

  • An Abandoned Meta(Verse)

An Abandoned Meta(Verse)

By Kaiko

  • “An estimated $100bn investment in an unknown future is super-sized and terrifying, even by Silicon Valley standards…the age of excess is over – big tech companies need to lose some weight and get into shape and earn the right to win the next major wave of innovation”.
  • These were comments made this week by Altimeter Capital CEO and investor in Meta, Brad Gerstner, in an open letter to the Meta CEO Mark Zuckerberg regarding their $10bn a year investment in the metaverse.
  • Meta, formerly Facebook, made a monumental pivot last year to capitalize on the explosive growth of the metaverse. 

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Oct 26
0

Daily Brief Crypto: Crypto Lending Series (#2) Clearpool – A Bright Spot Emerging from the Rubble and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto Lending Series (#2) Clearpool – A Bright Spot Emerging from the Rubble

Crypto Lending Series (#2) Clearpool – A Bright Spot Emerging from the Rubble

By Rose Choy

  • As the crypto lending market recovers from the shock of large defaults in the sector, the markets are now focused on institutional lending where capital efficiency and liquidity are key. 
  • Overcollateralized lending has been stagnant although holding ground, but its low utilization, low interest rates and wide bid ask are not appealing to most lenders and borrowers.
  • The market preference is switching to non-collateralized lending where a mix of Cefi and Defi characteristics may evolve to provide the winning combination.

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Oct 25
0

Daily Brief Crypto: BTC Market Share Hits 2-Year High and more

By | Crypto, Daily Briefs

In today’s briefing:

  • BTC Market Share Hits 2-Year High

BTC Market Share Hits 2-Year High

By Kaiko

  • Price Movements: In 7 out of the last 10 years, BTC has closed October in-the-green. As of this weekend, it is up slightly for the month with one week to go. 
  • Market Liquidity: BTC’s market share of volume vs. all other altcoin trading pairs has climbed to its highest level in two years. 
  • Derivatives: OI for Tether perpetual futures dropped and funding rates flipped positive since the stablecoin issuer removed commercial paper from its reserves. 

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Oct 24
0

Daily Brief Crypto: Earn Yield on Bitcoin and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Earn Yield on Bitcoin

Earn Yield on Bitcoin

By Edward Wu

  • There is no yield can be earned directly on the Bitcoin network, tokenized BTC on Ethereum open up yield opportunities.
  • Using a combination of Curve Finance and Convex Finance, one can earn around 2% yield on BTC.
  • Non-Stable pools in both Curve Finance and Uniswap v3 provide higher yield, however, one needs to consider the impermanent loss when providing liquidity for these pools.

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Oct 23
0

Daily Brief Crypto: Quant Network and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Quant Network

Quant Network

By Etherbridge

  • Over the last few weeks, we have covered the topic of interoperability, and the different approaches projects have taken to solve the problem.
  • The first approach was on-chain with Polkadot and Cosmos, and last week, we covered how open-source projects like Chainlink are doing it without a blockchain. 
  • This week we will cover the Quant Network, a closed-source project that focuses on creating interoperability between enterprise chains, governments, regulatory bodies and specific open blockchains. 

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Oct 20
0

Daily Brief Crypto: ETH Yield Strategy and more

By | Crypto, Daily Briefs

In today’s briefing:

  • ETH Yield Strategy

ETH Yield Strategy

By Edward Wu

  • ETH staking is the easiest strategy and can be accessed from major centralized exchanges such as Binance or Coinbase, the staking yield is around 4.5%.
  • Provide liquidity to ETH-stETH Curve pool generate 2.9% transaction fees, 2.25% LDO token incentives, 4.5% for the stETH staking reward. Total APY is 5.15% for ETH and 9.65% for stETH.
  • ETH derivatives strategy vault can provide a higher yield of over 14%, but involve a higher risk

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