Binance Coin

$BNB

$560

0.02

U.S. equities are rising to start the week ahead of the Thanksgiving holiday. The SPX (+0.45%) is trading at $4,535, while the NDQ (+0.76%) is approaching $16,000. Investors will be watching Nvidia’s earnings release tomorrow, potentially serving as a catalyst for AI-related names. Crypto markets are rising following news that the U.S. Justice Department is seeking $4 billion in penalties from Binance in exchange for settling its criminal case against the...

After another evening of crypto price weakness, the market is showing some near-term resilience, bouncing in tandem with equity and bond markets. $BTC has rebounded to above $26k after a momentary dip to $25.5k, and $ETH is seeking stability above $1,650 following a drop to $1,580 last night. Altcoins are at the forefront of the recovery, with standout performers including $SUI, up over 10% after numerous short positions were liquidated,...

After a sharp downward move in equity indices following a blowout ADP report, the $SPY (+0.64%) and $QQQ (+0.74%) have stabilized in Friday’s trading, as the US nonfarm payrolls report showed 209k jobs added in June versus 230k expected. Crypto markets have shaken off negative headlines regarding key Binance executives exiting the firm amid claims they did not support Changpeng Zhao’s (CZ) response to an ongoing DOJ investigation. CZ addressed...

Traditional markets are stumbling today as the National Bank of Canada unexpectedly raised interest rates by 25 bps, sparking fears that the U.S. will potentially follow suit. The $SPX (-0.31%) failed to break through $4,300, while the $NDQ (-1.36%) has taken a pause on its recent outperformance. Crypto markets are still digesting the repercussions of the SEC lawsuits against Binance and Coinbase, with $BTC (-3.15%) trading around $26.3k and $ETH...

Crypto had a choppy weekend, which concluded in prices falling last night. At the time of writing, $BTC is down 3.68%, and $ETH is down 2.15%. Altcoins were also down across the board, $SOL is down 4.75%, and $ARB is down 3.66%. An exception to this market correction is a new meme coin called $PEPE which has rapidly made its way into the top 100 coins by market cap. $PEPE...

Fundstrat’s recently launched Crypto Core Strategy offers subscribers a digestible tool to manage their crypto portfolio, with the goal of outperforming bitcoin. For those looking to amplify the returns of their long positions, this complementary issue of DeFi Digest strives to cast light on some of the best risk-adjusted yields. We first describe our methodology to filter for yield opportunities, then dive into the protocols offering the yields, and describe...

WHAT ARE EXCHANGE TOKENS? Centralized exchanges are centerpieces in the crypto industry and have garnered some of the highest historical valuations in both private and public markets. Despite their core function in the space, we have seen that they can be highly cyclical, and their performance is most often dependent upon price action. Further, the business model and value proposition have been revealed to be quite simple: provide users with...

DCG UPDATE _LEVERAGE UNWIND RECAP_ Clearly, the most challenging part of analyzing cryptoassets this year has been the opaque parts – the lending, borrowing, trading, and siphoning of assets that have occurred off-chain. This year, we have seen a deleveraging event throughout the global crypto market spurred on by the centralized elements of crypto. First, we saw the de-pegging of UST and the incineration of $50 billion in market value...

Crypto and traditional markets rallied today after a softer-than-expected CPI print of 7.1% (the forecasted CPI was 7.3%). $BTC and $ETH are up 2.77% and 3.06%, respectively, and SPX and NDQ are up 0.59% and 0.83%. The US dollar (DXY) is down 0.88%. $BNB, the native coin of Binance Smart Chain and the Binance exchange, fell sharply last night amid concerns over the exchange's proof of reserves (which we discuss...

This is a big week for both legacy and crypto markets, as we are scheduled to get the last CPI print of the year tomorrow, followed by an expected 50 bps increase in rates following the FOMC meeting on Wednesday. Equity markets have inched higher, with the $SPX up 0.5% and the $QQQ up 0.3% at the time of writing. Meanwhile, the $DXY and US 10Y are both about 15...

Funding had one of its best weeks of the past couple of months, with funding increasing 81% from last week to $574M. This increase was almost entirely due to an outstanding week from infrastructure – which accounted for $482M of funding and consisted of 8 deals. The largest of these deals was a raise for Mysten Lab’s Sui Blockchain, which we delve deeper into in the Deal of the Week section. This...