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>In the hours following Sillicon Valley Bank's collapse, news emerged that Circle, issuer of the USDC stablecoin, held $3.3bn of reserves in SVB, triggering panic that the stablecoin was no longer fully backed.</li>
<li>As of Sunday night, we know that Circle's reserves are safe, but over the weekend both centralized and decentralized markets descended into chaos.</li>
<li>Today, we'll walk you through what exactly happened.</li>
</ul>


In the hours following Sillicon Valley Bank's collapse, news emerged that Circle, issuer of the USDC stablecoin, held $3.3bn of reserves in SVB, triggering panic that the stablecoin was no longer fully backed.
As of Sunday night, we know that Circle's reserves are safe, but over the weekend both centralized and decentralized markets descended into chaos.
Today, we'll walk you through what exactly happened.


<ul><li>Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”</li><li>The news prompted Coinbase, Paxos, Galaxy Digital and a host of other large crypto enterprises to drop Silvergate as a banking partner. Why does this matter? </li><li>The “fiat problem” has long plagued crypto markets: to buy bitcoin, you at some point need to interact with the traditional banking system.</li></ul>

Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”The news prompted Coinbase, Paxos, Galaxy Digital and a host of other large crypto enterprises to drop Silvergate as a banking partner. Why does this matter? The “fiat problem” has long plagued crypto markets: to buy bitcoin, you at some point need to interact with the traditional banking system.

<ul><li>In six years, stablecoins have grown from making up just 1.5% of BTC trade volume relative to fiat currencies such as the Dollar or Euro, to more than 87%.</li><li>This has been matched with an explosion in market capitalization for the three largest centralized stablecoins: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).</li><li>The three had a combined market cap of $10bn in May 2020, the start of DeFi Summer.</li></ul>

In six years, stablecoins have grown from making up just 1.5% of BTC trade volume relative to fiat currencies such as the Dollar or Euro, to more than 87%.This has been matched with an explosion in market capitalization for the three largest centralized stablecoins: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).The three had a combined market cap of $10bn in May 2020, the start of DeFi Summer.

Independent Research, Cryptocurrencies, Carbono Insights

Carbono Insights

Independent Research, Cryptocurrencies

Advisory Firm Specialized in Cryptocurrencies

Carbono is an advisory firm specialized in cryptocurrencies that helps clients navigate the economic and financial innovations derived from the rise of digital assets. Our investment fund, Abacus Carbono, is designed to be an on ramp for investors interested in cryptocurrencies and projects born under the crypto-economy principles.

<ul>
<li>Episode 1 - Terra’s doomsday - Do Kwon was sure that nothing could happen to the UST.</li>
<li>Episode 2 - Celsius heats up, 3AC takes an arrow to the heart - Alex Mashinsky probably drank from the same fountain of confidence as Do.</li>
<li>Episode 3. Credit Crisis Contagion - To be fair, there is a global liquidity crisis: money flows out of crypto as fast as it’s flown out of any other risky investment (including well-established tech stocks).</li>
</ul>


Episode 1 - Terra’s doomsday - Do Kwon was sure that nothing could happen to the UST.
Episode 2 - Celsius heats up, 3AC takes an arrow to the heart - Alex Mashinsky probably drank from the same fountain of confidence as Do.
Episode 3. Credit Crisis Contagion - To be fair, there is a global liquidity crisis: money flows out of crypto as fast as it’s flown out of any other risky investment (including well-established tech stocks).


<ul><li>Crypto markets have been weighed down recently by bouts of forced selling by institutions looking to quickly liquidate their holdings</li><li>When someone becomes a forced seller, they can’t afford to sit on their hands and wait for the ideal day to trade</li><li>Often it’s on very short notice and they are looking to get any liquid return for their holdings</li></ul>

Crypto markets have been weighed down recently by bouts of forced selling by institutions looking to quickly liquidate their holdingsWhen someone becomes a forced seller, they can’t afford to sit on their hands and wait for the ideal day to tradeOften it’s on very short notice and they are looking to get any liquid return for their holdings

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

USD Coin (USDC CURNCY)

The Aftermath: What Happened to USDC?

As of Sunday night, we know that Circle's reserves are safe, but over the weekend both centralized and decentralized markets descended into chaos.

Kaiko

The Future of Fiat On-Ramps

Silvergate is in deep trouble. On March 1, the “crypto bank” revealed in a regulatory filing that it could soon be “less than well capitalized.”

Kaiko

The Three-Stablecoin Problem

In six years, stablecoins have grown from making up just 1.5% of BTC trade volume relative to fiat currencies such as the Dollar or Euro, to more...

Kaiko

#32 DeFi stays strong

Episode 1 - Terra’s doomsday - Do Kwon was sure that nothing could happen to the UST.; Episode 2 - Celsius heats up, 3AC takes an arrow to the heart

Carbono Insights

How to Liquidate Large Bitcoin Holdings

Crypto markets have been weighed down recently by bouts of forced selling by institutions looking to quickly liquidate their holdings

Kaiko

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)