Crypto Analyst

Edward Wu

Crypto

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.

<ul>
<li>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;</li>
<li>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;</li>
<li>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;</li>
</ul>


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;


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

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

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


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?


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

Chainlink is a decentralized oracle network. Oracles provide the data needed for smart contracts to function. Chainlink provides the technology and ecosystem that connects on chain smart contracts to off chain data sources. LINK is the native token of the Chainlink network. It is used as a payment method for oracles services on the network as well as a form of collateral backing up oracles services.

<ul>
<li>Chainlink provides essential data-feeding services for blockchains, providing a bridge between blockchains and real-world information and data sources for both crypto and non-crypto use cases.</li>
<li>LINK token captures Chainlink’s network value, and new tokenomics 2.0 introduce staking further improve the supply &amp; demand dynamic.</li>
<li>LINK price is supported by the growing usage of Chainlink network as onchain activity continues growing despite the bear market.</li>
</ul>


Chainlink provides essential data-feeding services for blockchains, providing a bridge between blockchains and real-world information and data sources for both crypto and non-crypto use cases.
LINK token captures Chainlink’s network value, and new tokenomics 2.0 introduce staking further improve the supply &amp; demand dynamic.
LINK price is supported by the growing usage of Chainlink network as onchain activity continues growing despite the bear market.


2023 High Conviction – Chainlink, Bridging Blockchain with Real-World Data Source

<ul>
<li>Despite Centralized exchanges (CEX) being unregulated and opaque in operation, over 90% of crypto transactions happened on CEXs.</li>
<li>DeFi exchanges are transparent and impossible for appropriation, but gain market share very slowly due technically difficult of building on blockchain.</li>
<li>Uniswap is the largest spot decentralized exchange that stands to benefit from capital relocation from CEX to DEX, Uniswap token is a pure governance token without value capture.</li>
</ul>


Despite Centralized exchanges (CEX) being unregulated and opaque in operation, over 90% of crypto transactions happened on CEXs.
DeFi exchanges are transparent and impossible for appropriation, but gain market share very slowly due technically difficult of building on blockchain.
Uniswap is the largest spot decentralized exchange that stands to benefit from capital relocation from CEX to DEX, Uniswap token is a pure governance token without value capture.


Implication for Decentralized Exchange Amid the FTX Collapse – A Case of Uniswap

<ul>
<li>GMX is a decentralized spot and perpetual exchange on the Ethereum Layer 2 scaling solution Arbitrum.</li>
<li>This protocol is absolutely a shining star in today’s market. Token price, TVL, and transaction volume are all in an upward trend.</li>
<li>It is also labeled as one of the best “Real Yield” opportunities for Liquidity Providers.</li>
</ul>


GMX is a decentralized spot and perpetual exchange on the Ethereum Layer 2 scaling solution Arbitrum.
This protocol is absolutely a shining star in today’s market. Token price, TVL, and transaction volume are all in an upward trend.
It is also labeled as one of the best “Real Yield” opportunities for Liquidity Providers.


I am an experienced financial professional with strong research experience in macroeconomics, credit as well as corporate banking. 
I am a true believer in the future of Crypto/DeFi and foresee widely adoption of tokenization of real-world assets. I am currently actively researching in the crypto field, mainly focus on DeFi, DAO governance, and tokenomic deisgn.

Edward Wu
Crypto Analyst

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

I believe the fear that DCG may be forced to dissolve Grayscale and sell its bitcoin holdings is exaggerated. Even if DCG goes bankrupt and GBTC is...

Edward Wu

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

We expect a short-term rally of ETH ahead of the Shanghai upgrade, which will happen in March. The reason is Ethereum is now profitable and net...

Edward Wu

2023 High Conviction – Chainlink, Bridging Blockchain with Real-World Data Source

Chainlink brings real value to blockchain. LINK is a token not driven by hype and speculation, but by real network value from Chainlink services.

Edward Wu

Implication for Decentralized Exchange Amid the FTX Collapse – A Case of Uniswap

Why over 90% of crypto transactions happened on centralized exchanges despite unregulated and opaque operation. Uniswap benefits from the trend of...

Edward Wu

GMX – A DeFi Real Yield Protocol

GMX is the hottest decentralized perpetual trading platform and holding its liquidity token GLP is likened to holding a blue-chip crypto portfolio...

Edward Wu