Category

Crypto

Jan 21
0

Daily Brief Crypto: The Three-Stablecoin Problem and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The Three-Stablecoin Problem

The Three-Stablecoin Problem

By Kaiko

  • 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.

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Jan 20
0

Daily Brief Crypto: Crypto Lending Series #3: Light at the End of the Tunnel? and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Crypto Lending Series #3: Light at the End of the Tunnel?
  • ZaynFi, a Stablecoin Yield Optimiser on BNB Chain, Nets US$600K Funding

Crypto Lending Series #3: Light at the End of the Tunnel?

By Rose Choy

  • The crypto lending market has been decimated with casualties from both lenders and borrowers after the FTX fallout and credit crisis. 
  • Most centralized lenders have been annihilated while DeFi platforms withstood the shock. The demand for lending has cratered and this will test the viability of existing platforms given lower volumes.
  • However, we will likely see new platforms emerge that have the necessary lending, trading and risk management expertise from traditional finance that could propel further institutional participation in crypto. 

ZaynFi, a Stablecoin Yield Optimiser on BNB Chain, Nets US$600K Funding

By e27

  • ZaynFi, a stablecoin yield optimiser on BNB Chain, has announced a US$600,000 funding led by Cur8 Capital, the venture investing arm of UK-based Islamic Finance Guru.
  • Started by Syakir Hashim and Aziz Zainuddin, ZaynFi is a DeFi protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain.
  • According to the company, it helps users stake into the best liquidity pools across popular decentralised exchanges, enabling trades to happen while earning trading fees and rewards.

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Jan 18
0

Daily Brief Crypto: Sporting Crypto – 16th Jan 2023: Manchester United Football Club’s NFT Drop and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Sporting Crypto – 16th Jan 2023: Manchester United Football Club’s NFT Drop

Sporting Crypto – 16th Jan 2023: Manchester United Football Club’s NFT Drop

By Sporting Crypto

  • Manchester United are arguably the biggest European football brand on the planet.
  • So when they signed a deal in excess of £20m per year with layer 1 blockchain solution Tezos, eyebrows were raised.
  • Mainly due to the bad reputation Web3 has within football generally.

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Jan 17
0

Daily Brief Crypto: No Worry and more

By | Crypto, Daily Briefs

In today’s briefing:

  • No Worry, DCG, Genesis, and Grayscale Won’t Cause Another Crash in the Crypto Market
  • The Return of the Bulls

No Worry, DCG, Genesis, and Grayscale Won’t Cause Another Crash in the Crypto Market

By Edward Wu

  • DCG’s subsidiary Genesis is likely to become the next insolvent crypto lender,  market fears its failure will lead to the dissolving of Grayscale, which held 3% of bitcoin’s total supply;
  • Grayscale is a profitable business with $200 million annual fee income from the GBTC trust, DCG or any new buyer of Grayscale has no intention to dissolve the cash cow;
  • Even if Grayscale dissolve, it won’t cause another crash as only $1 billion value of bitcoin may be dumped into the market, only 3.3% of bitcoin daily trading volume;

The Return of the Bulls

By Kaiko

  • Price Movements: Bullish sentiment has returned to crypto, with BTC up 20% over the past week.
  • Market Liquidity: Binance.US’s market share relative to other U.S. exchanges climbed to 15%, a marked increase after dropping to 6% post-FTX.  
  • Derivatives: BTC open interest fell sharply after a short squeeze caused millions in liquidations.

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Jan 16
0

Daily Brief Crypto: 2022 On-Chain and more

By | Crypto, Daily Briefs

In today’s briefing:

  • 2022 On-Chain

2022 On-Chain

By Etherbridge

  • There are many different ways to analyse and understand crypto markets.
  • On-chain analysis can be used to both understand a network’s fundamental health and provide some unique insights for potential investment opportunities over different time horizons. 
  • On-chain data in 2022 provided an interesting picture and offered a deeper understanding of the bear market that we sat through and hope for the future. 

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Jan 13
0

Daily Brief Crypto: Liquid Staking Derivatives Wars and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Liquid Staking Derivatives Wars

Liquid Staking Derivatives Wars

By Kaiko

  • As a proof of stake network, Ethereum rewards stakers with block rewards and user fees.
  • However, the 32 ETH minimum required to stake your ETH directly on the network prohibits the vast majority of users from doing so. Enter liquid staking derivatives, or LSDs.
  • LSDs refer to the tokens created by DeFi protocols or centralized services designed to reward users who stake ETH on their platform.

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Jan 11
0

Daily Brief Crypto: Profitability of Ethereum and a Short-Term Rally Ahead of the Shanghai Upgrade in March and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Profitability of Ethereum and a Short-Term Rally Ahead of the Shanghai Upgrade in March

Profitability of Ethereum and a Short-Term Rally Ahead of the Shanghai Upgrade in March

By Edward Wu

  • Ethereum is the only profitable blockchain, a analysis of revenue and expense of Ethereum;
  • Ethereum staking ratio is the lowest among all PoS blockchains and the Shanghai upgrade in March will change this;
  • Why will there be a short-term rally ahead of the Shanghai upgrade?

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Jan 10
0

Daily Brief Crypto: Huobi Market Share Plummets in 2022 and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Huobi Market Share Plummets in 2022

Huobi Market Share Plummets in 2022

By Kaiko

  • Price Movements: Most Layer 1 tokens have struggled versus ETH since December, but SOL and ATOM have recently outperformed.
  • Market Liquidity: Curve’s 3pool – made up of USDT, USDC, and DAI – has seen its total value locked fall from $5.5bn to just $600mn over the past year.
  • Derivatives: Both SOL and LDO experienced a short squeeze as each token unexpectedly rallied.

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Jan 06
0

Daily Brief Crypto: A Look at Gemini USD and more

By | Crypto, Daily Briefs

In today’s briefing:

  • A Look at Gemini USD

A Look at Gemini USD

By Kaiko

  • The fall of the FTX and Alameda house of cards built atop a seemingly innocuous token – FTT – has raised skepticism about centralized exchanges and the tokens that they issue.
  • Attention was first turned to Binance, BNB, and BUSD; as a result, BUSD’s market cap fell from $23.5bn to $16.5bn in just 90 days, though Binance has seemingly passed its stress test.
  • Attention has now turned to Gemini, Genesis, and Digital Currency Group (DCG).

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Jan 03
0

Daily Brief Crypto: The True Meaning of Liquidity and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The True Meaning of Liquidity

The True Meaning of Liquidity

By Kaiko

  • Liquidity is deeply misunderstood in crypto markets. Specifically, the metric “market depth”. 
  • Unless you are a trader, it can be hard to wrap your head around the meaning of “2% Bid Depth” and how it relates to the value of an asset.  
  • As FTX collapsed, we took a hard look at liquidity for FTT, specifically aggregated market depth across all active markets.

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