Category

Crypto

Daily Brief Crypto: Crypto Lending Series #4: The Waste Land of Lending and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto Lending Series #4: The Waste Land of Lending
  • GOALS Raise $20m & Karate Combat Raise $18m, Series A Rounds
  • TUSD Depegs Amidst Heavy Borrowing

Crypto Lending Series #4: The Waste Land of Lending

By Rose Choy

  • In the latest inning of the crypto credit crisis, real world banks like Silvergate was shuttered making the on-and-off ramp of crypto to fiat more challenging.
  • Crypto lenders have already been decimated in the centralised lending space while DeFi lenders seem to trudge along – but are they the bastions of success? 
  • We analyse what the current landscape means for the crypto lending industry and have a regrettable conclusion.

GOALS Raise $20m & Karate Combat Raise $18m, Series A Rounds

By Sporting Crypto

  • My prediction is the news cycle in crypto heats up over the next 6 months as bigger and bigger brands start experimenting or building solid propositions using this nascent technology.
  • Almost every startup in the space I’ve spoken to over the last 6-9 months is looking to raise capital.

  • And even though deal count as a metric has stabilised and actually seen an increase in Q2 2023, numbers still aren’t as strong.


TUSD Depegs Amidst Heavy Borrowing

By Kaiko

  • TUSD depegged on a number of exchanges yesterday, hitting a high of $1.20 relative to USDT on Binance.
  • Binance has recently been promoting TUSD, making BTC-TUSD the only zero-fee pair on the exchange.
  • This quickly made Binance BTC-TUSD one of the highest-volume pairs in all of crypto despite TUSD being relatively unknown amongst stablecoins.

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Daily Brief Crypto: Leveraging LSDs: The Next Era of Lending and Borrowing and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Leveraging LSDs: The Next Era of Lending and Borrowing

Leveraging LSDs: The Next Era of Lending and Borrowing

By Kaiko

  • The best design often goes unnoticed. DeFi lending and borrowing stalwarts Aave and Compound have proven themselves to be great design: critical for day-to-day functioning but largely taken for granted.
  • This becomes apparent when a competitor experiences an exploit, highlighting the reliability of Aave and Compound
  • When last we checked in on these protocols in December they were in a period of change.

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Daily Brief Crypto: Coinbase Targets Offshore Amid Falling Volumes and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Coinbase Targets Offshore Amid Falling Volumes

Coinbase Targets Offshore Amid Falling Volumes

By Kaiko

  • Last week, Coinbase received approval to operate an offshore derivatives exchange, based in Bermuda.
  • This move makes a lot of sense, particularly when looking at Coinbase’s share of total spot volumes.
  • Since the start of 2022, Coinbase’s share of volumes has almost halved, falling from 10% to 5% while Binance gained as much as 30% market share over the same time period, before losing some in the last couple of weeks with their reintroduction of fees.

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Daily Brief Crypto: The Binance Effect and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Binance Effect

The Binance Effect

By Kaiko

  • The events of the last few months, namely the relentless regulatory enforcement and the banking crisis have upended crypto exchange market structure.
  • During a bear market, consolidation among exchanges is expected.
  • However, as the SEC targets specific exchanges and leave some cutoff from USD payment rails, many exchanges have been left at a competitive disadvantage.

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Daily Brief Crypto: ETH’s Big Post-Shapella Rally and more

By | Crypto, Daily Briefs

In today’s briefing:

  • ETH’s Big Post-Shapella Rally

ETH’s Big Post-Shapella Rally

By Kaiko

  • Last week, the Shapella upgrade went live without a hitch, enabling millions of staked ETH to be withdrawn.
  • While Ethereum’s Merge upgrade last September was more of a “buy the rumor sell the news” type of event, Shapella appears to have had the opposite impact on price.
  • ETH spot prices dropped by nearly 18% post-Merge while they are up 11% since Shapella, despite fears of mass selling. 

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Daily Brief Crypto: The New Frontier and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The New Frontier

The New Frontier

By Etherbridge

  • The true emerging market of our time is the digital economy.
  • As technology advances, we witness rapid online business growth and an increasing reliance on digital solutions.
  • This burgeoning sector knows no borders, with its educated, innovative citizens distributed worldwide.

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Daily Brief Crypto: Lifting the Veil on Centralized Exchanges and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Lifting the Veil on Centralized Exchanges

Lifting the Veil on Centralized Exchanges

By Kaiko

  • It’s a truism within the industry that crypto is not an effective tool for crime.
  • Yes, it’s possible to send value without an intermediary, but all transactions leave a permanent trace that can become more visible over time as tracking tools improve.
  • It’s even possible to track funds that move through Tornado Cash – a protocol built specifically to enhance privacy by obfuscating token flows. 

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Daily Brief Crypto: Q1 Liquidity Ranking for Crypto Assets and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Q1 Liquidity Ranking for Crypto Assets

Q1 Liquidity Ranking for Crypto Assets

By Kaiko

  • Last quarter I published the first liquidity ranking system for crypto assets, comparing each asset’s liquidity ranking to its market cap and investigating which token’s market cap is the most misleading from a liquidity standpoint.
  • Liquidity has arguably never been at more of a premium than right now in crypto, with USD payment rails being shut down and market makers pulling orders from exchanges.
  • With market depth at 10 month lows, price volatility has picked up and so it is essential investors can accurately evaluate the liquidity of each individual asset to gain an understanding of how much short term volatility to expect.

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Daily Brief Crypto: Binance Market Share Tumbles 16% and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Binance Market Share Tumbles 16%
  • Ticketmaster Debut NFT-Gated Tickets

Binance Market Share Tumbles 16%

By Kaiko

  • The banking crisis and ongoing regulatory crackdown have upended crypto market structure, leaving an uncertain dynamic among the world’s largest exchanges.
  • Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.
  • The exchange remains the largest in the world with 54% dominance. 

Ticketmaster Debut NFT-Gated Tickets

By Sporting Crypto

  • One of the greatest things that many believe the blockchain can unlock is a better ticketing experience.
  • That’s because this specific user experience across music, sports and entertainment, in general, is yet to enter the 21st century if we’re frank.
  • A recent trial by Ticketmaster however seems to show that even the industry’s biggest players are taking blockchain technology and NFTs seriously.

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Daily Brief Crypto: CFTC V. Binance: The Data Behind the Suit and more

By | Crypto, Daily Briefs

In today’s briefing:

  • CFTC V. Binance: The Data Behind the Suit

CFTC V. Binance: The Data Behind the Suit

By Kaiko

  • Binance is the world’s largest crypto exchange by a huge margin.
  • It has achieved consistent growth since its founding in 2017, but its increasing dominance has been striking to watch since 2020, when it held around 25% of spot volume market share.
  • Its market share approached 50% at the tail end of the 2021 bull market before retreating and again expanding to peak over 70% this year. 

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