Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Crypto

<ul><li>The past week was notably eventful, marked by the U.S. Federal Reserve (Fed) cutting interest rates for the U.S. Dollar by 25 basis points.</li><li>However, the Fed struck a hawkish tone for the coming year, signaling fewer interest rate cuts than the market had anticipated.</li><li>This shift unsettled investors, with the crypto market bearing the brunt of the reaction.</li></ul>

The past week was notably eventful, marked by the U.S. Federal Reserve (Fed) cutting interest rates for the U.S. Dollar by 25 basis points.However, the Fed struck a hawkish tone for the coming year, signaling fewer interest rate cuts than the market had anticipated.This shift unsettled investors, with the crypto market bearing the brunt of the reaction.

Crypto Crisp: What’s with the U.S. Fed?

Podcast with Crypto Gigabrains, The Delphi Podcast

The Delphi Podcast

Podcast with Crypto Gigabrains

Conversations with Crypto Gigabrains. Hosted by Tommy, Co-Founder and Founding Partner at Delphi Ventures

<ul><li>Bitcoin, Ethereum, and Solana are all incorporating ZK technology in different ways for various purposes.</li><li>Muhammad discusses the development of FHE and its application in creating private ERC20 tokens for enhanced privacy and security.</li><li>Each ecosystem (Bitcoin, Ethereum, Solana) is using ZK technology differently to address specific challenges and enhance functionality for users.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Bitcoin, Ethereum, and Solana are all incorporating ZK technology in different ways for various purposes.Muhammad discusses the development of FHE and its application in creating private ERC20 tokens for enhanced privacy and security.Each ecosystem (Bitcoin, Ethereum, Solana) is using ZK technology differently to address specific challenges and enhance functionality for users.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

<ul><li>I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand.</li><li>There is simply not enough activity, use cases, or applications to fill the available block space across all smart contract-capable blockchains.</li><li>This imbalance is why I firmly believe that adoption and network activity are the most critical factors for any blockchain seeking to compete with Ethereum, Solana, or the few other networks that have gained significant traction.</li></ul>

I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand.There is simply not enough activity, use cases, or applications to fill the available block space across all smart contract-capable blockchains.This imbalance is why I firmly believe that adoption and network activity are the most critical factors for any blockchain seeking to compete with Ethereum, Solana, or the few other networks that have gained significant traction.

Crypto Moves #57 – The Most Vital Onchain Metrics for Adoption

Derivatives and Quantitative Strategist

Gaudenz Schneider

Equity Derivatives

<ul>
<li>Cross-Market volatility snapshot highlighting option opportunities. Today's opportunities are in the Nifty 50 and in Bitcoin</li>
<li>Nifty 50: The index crossed the 50-day moving average, signaling a bullish trend. Hedging gains is recommended due to expected macroeconomic uncertainty in Q1 2025.</li>
<li>Bitcoin: Surpassed $100,000, driven by positive sentiment towards the incoming US President's crypto-friendly stance. Options strategies are suggested, plus how a synthetic Bitcoin bond compares to a corporate bond.</li>
</ul>


Cross-Market volatility snapshot highlighting option opportunities. Today's opportunities are in the Nifty 50 and in Bitcoin
Nifty 50: The index crossed the 50-day moving average, signaling a bullish trend. Hedging gains is recommended due to expected macroeconomic uncertainty in Q1 2025.
Bitcoin: Surpassed $100,000, driven by positive sentiment towards the incoming US President's crypto-friendly stance. Options strategies are suggested, plus how a synthetic Bitcoin bond compares to a corporate bond.


EQD | Global Option Implied Volatility - From Nifty 50 to Bitcoin, Plus BTC-Bond Special

Global Multi-Asset Investment Strategist, True Insights

Jeroen Blokland

Global Multi-Asset Investment Strategist

Build Well-Diversified Multi-Asset Portfolios

True Insights

Our research helps investors build well-diversified multi-asset portfolios and profit from market developments. In addition, our unique and proven Macro – Sentiment – Valuation (MSV) investment framework ensures a consistent flow of new investment opportunities. Together with our market views, these opportunities will be reflected in our live ETF-based Global Multi-Asset Portfolios.

Macroeconomics

<ul>
<li>The Fed stuck with its intention to cut rates three times this year while penciling in one rate cut less for 2025 and 2026.</li>
<li>The key takeaway was that Powell is really keen on maintaining ample liquidity instead of what he calls abundant liquidity now. </li>
<li>Stocks, Gold, and Bitcoin love ample liquidity, especially when it becomes abundant again when the economy heads south.</li>
</ul>


The Fed stuck with its intention to cut rates three times this year while penciling in one rate cut less for 2025 and 2026.
The key takeaway was that Powell is really keen on maintaining ample liquidity instead of what he calls abundant liquidity now. 
Stocks, Gold, and Bitcoin love ample liquidity, especially when it becomes abundant again when the economy heads south.


March FOMC Meeting Conclusion: Powell Likes His Balance Sheet ‘BIG!

United States

Virtual currencies are decentralized, math-based digital assets in which transactions can be performed cryptographically without the need for a central issuing authority. The first specification and proof of concept of Bitcoin, the first widely used virtual currency, was published in 2009 based on a paper published pseudonymously by Satoshi Nakamoto.

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Bitcoin (XBTUSD CURNCY)

Crypto Crisp: What’s with the U.S. Fed?

The past week was notably eventful, marked by the U.S. Federal Reserve (Fed) cutting interest rates for the U.S. Dollar by 25 basis...

Steno Research

Delphi's Infrastructure Year Ahead 2025

The rapidly evolving blockchain industry is embracing ZK technology to improve privacy, scalability, and efficiency, with major players like...

The Delphi Podcast

Crypto Moves #57 – The Most Vital Onchain Metrics for Adoption

I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand. There is simply not enough...

Steno Research

EQD | Global Option Implied Volatility - From Nifty 50 to Bitcoin, Plus BTC-Bond Special

Opportunities in Nifty 50 and Bitcoin options due to bullish trends and positive sentiment. Global volatility overview of 15+ markets and...

Gaudenz Schneider

March FOMC Meeting Conclusion: Powell Likes His Balance Sheet ‘BIG!

Even though the new Federal Reserve 'Dot Plot' looks marginally hawkish, Powell's strong emphasis on ample liquidity made markets cheer!

Jeroen Blokland

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Crypto Crisp: What’s with the U.S. Fed?

The past week was notably eventful, marked by the U.S. Federal Reserve (Fed) cutting interest rates for the U.S. Dollar by 25 basis...

Steno Research

Delphi's Infrastructure Year Ahead 2025

The rapidly evolving blockchain industry is embracing ZK technology to improve privacy, scalability, and efficiency, with major players like...

The Delphi Podcast

Crypto Moves #57 – The Most Vital Onchain Metrics for Adoption

I have mentioned this before, and I am happy to emphasize it once again: the supply of block space far exceeds demand. There is simply not enough...

Steno Research

EQD | Global Option Implied Volatility - From Nifty 50 to Bitcoin, Plus BTC-Bond Special

​Opportunities in Nifty 50 and Bitcoin options due to bullish trends and positive sentiment. Global volatility overview of 15+ markets and...

Gaudenz Schneider

March FOMC Meeting Conclusion: Powell Likes His Balance Sheet ‘BIG!

Even though the new Federal Reserve 'Dot Plot' looks marginally hawkish, Powell's strong emphasis on ample liquidity made markets cheer!

Jeroen Blokland

Opportunities in Nifty 50 and Bitcoin options due to bullish trends and positive sentiment. Global volatility overview of 15+ markets and...