dYdX

$DYDX

Equities, initially in the red, have rallied with the QQQ up by around 20 basis points and the SPX nearing breakeven. The DXY is trending downwards, aiming for its lowest close since August amid another day of lower rates, which is easing the burden on crypto-related equities like COIN, now trading around $120 and nearing another year-to-date high. The recent Binance crackdown also benefits Coinbase, potentially boosting its market share...

Equities are flat as investors digest the Israel-Hamas conflict that erupted over the weekend. Oil prices gained 4.5% while Bond markets are closed for the holiday. Beyond the geopolitical uncertainty investors will be looking to releases on inflation data from PPI and CPI, in addition to FOMC minutes later this week. $BTC is trading at $27.5k after retracing from $28k, where confluence of both the 200 day and weekly MAs...

Today has been another interesting day of price action across crypto and crypto-equities markets. $BTC has mostly undone its previous rally, now fluctuating just below the $26k mark after peaking at $26.5k yesterday. $ETH mirrors this trend, currently trading around $1,630. Altcoins have generally followed suit, albeit with a less significant upswing initially. Notably, $SNX and $DYDX are today's most significant underperformers, likely due to recent CFTC settlements against DeFi...

Equities show mixed performance as oil prices continue their upward trajectory, potentially raising concerns over an inflationary burst. Interest rates are increasing across the board, with a more noticeable spike at the short end of the yield curve. The U.S. Dollar Index (DXY) continues to rise, a near-term risk that has been a concern. Regarding macro updates, the next critical data to watch will be the U.S. Services PMI data...

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,...

Major equity indices opened higher on Monday morning, initially responding well to the announced acquisition of SVB by First Citizens Bank, which brought some life to bank stocks. However, the indices have since retraced their gains, with the S&P 500 trading 20 basis points higher and the Nasdaq turning negative, down 70 basis points since market open. The market continues to face rate volatility, with the U.S. 2Y and U.S....

WHAT IS [CRYPTO] GOVERNANCE? Strong governance models have been catalysts for the golden ages of progress, while poor governance models have propelled humanity into the dark ages of regression. Governance models establish formal procedures for conducting the policy, actions, and affairs of a state, organization, or people. They enable systematic decision-making to move groups with shared interests forward. Governance and power are closely related. The decision-making implications given to those...

FIGURE: PEPE EXPLORING THE CANTO ECOSYSTEM & ITS NFTS From L to R: Cantillionaires, Speranza, Pepe, Canto Longnecks, Shnoises INTRODUCTION & CONTEXT 2021 saw the rise of numerous VC-backed Layer 1s, the most prominent of which includes Solana, Luna, and Avalanche, known to many in the fold as ‘SoLunAvax.’ Their meteoric rise was partially attributable to the large ecosystem funds deployed [1] [2] [3] and the incessant marketing by large...

The $SPX (-0.8%) and $NDQ (-1.3%) slid on Monday morning as investors prepare for a stacked week of earnings and critical events on the economic calendar. Over 20% of the S&P 500 companies will report their earnings this week, including General Motors and McDonald's on Tuesday, followed by tech companies like Amazon, Apple, Alphabet, and Meta Platforms later in the week. Meanwhile, the FOMC will hold its meeting on Tuesday...

FIGURE: GMX BLUEBERRY CLUB MEMBER TRADING USING GNS NFTS WHILE DYDX HEDGIES WATCH INTRODUCTION AND OPPORTUNITY In the last issue of DeFi Digest, we dove into decentralized options, a ‘Zero-to-One’ primitive that can onboard the next wave of DeFi users. Perhaps long overdue, this week we dive into decentralized perpetual futures, an instrument native to the digital asset space. A regular futures contract is simply a contractual legal agreement to...

Traditional markets are finding some footing today, with the $SPX and $NDQ both rallying over 1.70%, as many are still holding their breath for the “Santa rally” after consumer confidence jumped to an 8-month high. Crypto markets are lagging, with $BTC trading at $16,863 (-0.21%) and $ETH changing hands at $1,215 (-0.11%). $BTC.D has climbed over 6% since the start of December, displaying the continued risk-averse attitude of crypto investors....