Research from Tech in Asia, Tech in Asia

Tech in Asia

Research from Tech in Asia

Crypto

<p>Axie Infinity has <a href="https://twitter.com/AxieInfinity/status/1448888770623803392?s=20" target="_blank" rel="noopener">unveiled a major update</a> that affects players’ ability to earn smooth love potions (SLP), the in-game currency that users exchange for cash.</p><p>Sky Mavis, the Vietnam-based developer behind the blockchain-powered game, is implementing a rule that prevents users with a matchmaking ranking (MMR) below 800 from earning SLP tokens in the adventure, arena, or daily quest mode. MMR is a unit that indicates or measures player strength.</p>

Axie Infinity has unveiled a major update that affects players’ ability to earn smooth love potions (SLP), the in-game currency that users exchange for cash.Sky Mavis, the Vietnam-based developer behind the blockchain-powered game, is implementing a rule that prevents users with a matchmaking ranking (MMR) below 800 from earning SLP tokens in the adventure, arena, or daily quest mode. MMR is a unit that indicates or measures player strength.

Axie Infinity Stops Low-Level Players from Earning SLP Tokens

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.

<ul style="list-style-type: none;"><li id="98cd" style="list-style-type: disc;" data-selectable-paragraph="">Price Movements: BTC staged a strong comeback early Monday morning, trading above $22k for the first time in 10 days. ETH is up 30% over the last week.</li><li id="e22d" style="list-style-type: disc;" data-selectable-paragraph="">Market Liquidity: BTC-EUR trade volume fell relative to BTC-USD as the Euro reached parity with the Dollar.</li><li id="8027" style="list-style-type: disc;" data-selectable-paragraph="">Derivatives: BTC open interest climbed and funding rates flipped positive as market sentiment improved.</li></ul>

Price Movements: BTC staged a strong comeback early Monday morning, trading above $22k for the first time in 10 days. ETH is up 30% over the last week.Market Liquidity: BTC-EUR trade volume fell relative to BTC-USD as the Euro reached parity with the Dollar.Derivatives: BTC open interest climbed and funding rates flipped positive as market sentiment improved.

Crypto Markets Recover Despite 9.1% Inflation.

<ul>
<li>About a year ago, right as crypto trade volumes started to slump in the aftermath of the Celsius and Terra collapses, Binance vastly expanded its zero-fee trading promotions to 13 BTC pairs.</li>
<li>This practice, though not new, had never been implemented on such a large scale.</li>
<li>However, just nine months later the exchange decided to reverse this strategy and adopt a more selective approach.</li>
</ul>


About a year ago, right as crypto trade volumes started to slump in the aftermath of the Celsius and Terra collapses, Binance vastly expanded its zero-fee trading promotions to 13 BTC pairs.
This practice, though not new, had never been implemented on such a large scale.
However, just nine months later the exchange decided to reverse this strategy and adopt a more selective approach.


Analysis: The Impact of Binance's Zero-Fee Markets

<ul><li>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. </li><li>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).</li><li>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.</li></ul>

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.

<ul><li>“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”.</li><li>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.</li><li>Meta, formerly Facebook, made a monumental pivot last year to capitalize on the explosive growth of the metaverse. </li></ul>

“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. 

Axie Infinity (AXSUSD CURNCY)

Axie Infinity Stops Low-Level Players from Earning SLP Tokens

Axie Infinity has unveiled a major update that affects players’ ability to earn smooth love potions (SLP), the in-game currency that users exchange...

Tech in Asia

Crypto Markets Recover Despite 9.1% Inflation.

Price Movements: BTC staged a strong comeback early Monday morning, trading above $22k for the first time in 10 days. ETH is up 30% over the last...

Kaiko

Analysis: The Impact of Binance's Zero-Fee Markets

About a year ago, right as crypto trade volumes started to slump in the aftermath of the Celsius and Terra collapses, Binance vastly expanded its...

Kaiko

The Data Behind the SEC's Big Week

This analysis showed that despite the creation of Binance.US in 2019, Binance’s trading had actually become more skewed towards U.S. hours

Kaiko

An Abandoned Meta(Verse)

Meta, formerly Facebook, made a monumental pivot last year to capitalize on the explosive growth of the metaverse. However, a year later, the era...

Kaiko