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.

Crypto

<ul>
<li>Worldcoin’s launch was one of the most unique and controversial in recent years.</li>
<li>Much of the controversy stems from the understandable skittishness with Worldcoin’s goal (creating a global identity network) and sci-fi-like methods of achieving this goal (eye scans).</li>
<li>This has been nicely summarized by the MIT Technology Review. </li>
</ul>


Worldcoin’s launch was one of the most unique and controversial in recent years.
Much of the controversy stems from the understandable skittishness with Worldcoin’s goal (creating a global identity network) and sci-fi-like methods of achieving this goal (eye scans).
This has been nicely summarized by the MIT Technology Review. 


<ul><li>Stablecoins are systemically important in cryptocurrency markets, so even the slightest depeg can cause mass market contagion.</li><li>As such, it is concerning that stablecoins have been particularly volatile since the start of 2023</li><li>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.</li></ul>

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 2023TUSD 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.

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

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. 

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

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.

<ul><li>Ever since the March banking crisis, crypto trade volume and prices have been in the doldrums, with no strong movements in either direction.</li><li>Over the weekend, daily volume dropped to multi-year lows.</li><li>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.</li></ul>

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.

Why Is Tether's Market Cap Approaching ATH?

United States

BNB was launched in 3rd July 2017 as an ERC-20 Token that enabled holders to get discounted trading fees at Binance Exchange. BNB has evolved over time to also be the native token of its own blockchain. BNB can still be used to pay for discounted Binance services though it is also heavily used as payment for gas when confirming transactions on BNB Chain.

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Binance Coin (XBIUSD CURNCY)

Breaking Down Worldcoin's Launch

Much of the controversy stems from the understandable skittishness with Worldcoin’s goal (creating a global identity network) and sci-fi-like...

Kaiko

The State of Stablecoins

Stablecoins are systemically important in cryptocurrency markets, so even the slightest depeg can cause mass market contagion.

Kaiko

What's Driving Bitcoin's Rally?

Bitcoin briefly hit yearly highs over the weekend and is up 15% week-on-week. What's driving this rapid surge in prices?

Kaiko

ETH Liquidity Shows Positive Trend

The shutdown of the Signet and SEN fiat settlement networks in the US severely impacted market makers operational efficiency.

Kaiko

Why Is Tether's Market Cap Approaching ATH?

Ever since the March banking crisis, crypto trade volume and prices have been in the doldrums, with no strong movements in either direction.

Kaiko

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