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>Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its restructuring plan.</li><li>The company has reportedly moved some of its holdings to market maker Wintermute and stablecoin issuer Paxos.</li><li>As of end-March, Celsius held more than $2B in BTC, ETH and stETH and a mixed bag of liquid and illiquid altcoins, including $240mn of its own CEL token.</li></ul>

Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its restructuring plan.The company has reportedly moved some of its holdings to market maker Wintermute and stablecoin issuer Paxos.As of end-March, Celsius held more than $2B in BTC, ETH and stETH and a mixed bag of liquid and illiquid altcoins, including $240mn of its own CEL token.

Celsius Liquidations Could Pressure Altcoin Markets

<ul><li>Price Movements: DYDX has rallied 130% since the decentralized exchange announced they would postpone a planned unlock for the token. </li><li>Market Liquidity: BUSD's market share has held steady since Binance admitted to mismanaging reserves.</li><li>Derivatives: The open interest to market cap ratio suggests Optimism's OP token is highly leveraged. </li></ul>

Price Movements: DYDX has rallied 130% since the decentralized exchange announced they would postpone a planned unlock for the token. Market Liquidity: BUSD's market share has held steady since Binance admitted to mismanaging reserves.Derivatives: The open interest to market cap ratio suggests Optimism's OP token is highly leveraged. 

Digital Asset Management Firm, Etherbridge

Etherbridge

Digital Asset Management Firm

Etherbridge is a digital asset management firm investing in the value of information and trust

<ul><li>Investors will remember 2022 as the first real credit crisis that bitcoin and the broader crypto space have suffered. In historical terms, it was a significant year.</li><li>The ensuing deleveraging eliminated many entities that got overzealous in the bull market and didn't adjust their strategies to new market conditions.</li><li>Almost the entirety of those now-insolvent entities were centralised conduits to the world of blockchain and digital assets. </li></ul>

Investors will remember 2022 as the first real credit crisis that bitcoin and the broader crypto space have suffered. In historical terms, it was a significant year.The ensuing deleveraging eliminated many entities that got overzealous in the bull market and didn't adjust their strategies to new market conditions.Almost the entirety of those now-insolvent entities were centralised conduits to the world of blockchain and digital assets. 

<ul><li>First came the Terra collapse. Then the bankruptcies of the centralized lenders.</li><li>And now the (almost certain) insolvency of FTX, one of the largest cryptocurrency exchanges in the world. </li><li>FTX’s collapse has shaken the industry to its core, in part because it is a fundamentally different type of business than a crypto lender like Celsius.</li></ul>

First came the Terra collapse. Then the bankruptcies of the centralized lenders.And now the (almost certain) insolvency of FTX, one of the largest cryptocurrency exchanges in the world. FTX’s collapse has shaken the industry to its core, in part because it is a fundamentally different type of business than a crypto lender like Celsius.

Research from Tech in Asia, Tech in Asia

Tech in Asia

Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

News from Tech in Asia

<ul><li>FTX is one of the largest crypto exchanges in the world in terms of market capitalization – at one point it was second only to Binance. It is one of the biggest collapses the crypto ecosystem has seen</li><li>FTX has a suite of big-name investors – including Temasek, SoftBank, Sequoia Capital, and BlackRock – that have poured US$1.8 billion into the exchange.</li><li>FTX was the white knight that prevented its fellow crypto firms from dying. It was a savior who helped to stabilize the market.</li></ul>

FTX is one of the largest crypto exchanges in the world in terms of market capitalization – at one point it was second only to Binance. It is one of the biggest collapses the crypto ecosystem has seenFTX has a suite of big-name investors – including Temasek, SoftBank, Sequoia Capital, and BlackRock – that have poured US$1.8 billion into the exchange.FTX was the white knight that prevented its fellow crypto firms from dying. It was a savior who helped to stabilize the market.

Celsius Network (2106259D US)

Celsius Liquidations Could Pressure Altcoin Markets

Last week, bankrupt crypto lender Celsius gained court approval to convert its altcoin holdings into more liquid BTC and ETH as part of its...

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CEL Token Inflated By Insiders

Price Movements: DYDX has rallied 130% since the decentralized exchange announced they would postpone a planned unlock for the token.

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What to Watch in 2023

Investors will remember 2022 as the first real credit crisis that bitcoin and the broader crypto space have suffered. In historical terms, it was a...

Etherbridge

The FTX Collapse: A Market Analysis

FTX’s collapse has shaken the industry to its core, in part because it is a fundamentally different type of business than a crypto lender like...

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Why the FTX Collapse Is a Big Deal

FTX is one of the largest crypto exchanges in the world in terms of market capitalization – at one point it was second only to Binance.

Tech in Asia