Crypto Research
- Comments
- Market Update
Eigen Airdrop Sparks Debate, Hong Kong ETFs Debut With Minimal Flows
We are witnessing a continuation of the recent weakness in crypto markets today, with #BTC now testing $60k, #ETH just below $3k, and #SOL dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed...
- Market Update
Stripe Advances Crypto Efforts with Avalanche, Friend.Tech Airdrop Set for This Week
Investors will have a lot to digest this week, including various data releases such as consumer confidence, ADP Employment, JOLTS, and non-farm payrolls. Likely more important is the FOMC meeting and Treasury Quarterly Refunding Announcement (QRA), both set for Wednesday. Equities are gaining to start the week with the $SPY and $QQQ both up approximately 0.30%...
- Market Update
Technicals Suggest Another Leg Higher in BTC Dominance, ConsenSys Sues the SEC
Major equity indices are rallying on the back of solid earnings, with both the $SPX and $QQQ up over 1%. Meanwhile, crypto markets are churning lower, which is understandable as we should not expect crypto to rally alongside equities during an earnings-driven market. Crypto remains an apparently undecided market ahead...
- Funding Fridays
Series A Funding Continues to Shine
WEEKLY RECAP Crypto funding was relatively unchanged week-over-week, with a 4% decrease to $138 million, while deal count saw a larger decrease, falling 29% to 25 deals. Infrastructure deals comprised 73% of total funding and Web3 and Gaming combined for 26%, with remaining categories making up the last 1%. As...
- Crypto Research
Buyers On Strike, But Leaning Bullish into Next Week
BUYERS ON STRIKE Last week, we discussed our immediate-term cautious approach to the crypto market, highlighting recent geopolitical tensions, tax-related selling, negative fiscal flows, and the persistent rise in real yields as reasons for a more risk-averse positioning (albeit relative, as holding 7.5% in cash and the rest in crypto...
- Market Update
Rollups Integrate AvailDA, Renzo Modifies Airdrop After Backlash
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The $SPY has declined 0.91% to test $501 and the $QQQ has dropped 1.12% to $421, being weighed down by a 12% drop...
- Market Update
ETFs Post Another Day of Inflows, Worldcoin to Sell Portion of Treasury
The crypto market is pulling back from its recent surge, with $BTC falling below $65,000, $ETH trading under $3,200, and $SOL fighting to stay above $150. As expected, altcoins are also generally declining, although a few notable performers are scattered across the market. Currently, $BONK and $WIF, two prominent memecoins...
- Market Update
Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue...
- Market Update
Bitcoin Transaction Fee Record, Celo Chooses OP Stack for L2
After significantly outperforming equities leading up to its halving event on Friday, #BTC continued its upward trend over the weekend, now trading just below $66k. #ETH has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. #SOL, meanwhile, has continued its strong rebound from...