Crypto Research
- Market Update
- Market Update
ETH Outperforming for Second Straight Week, 3iQ Launches Spot SOL ETF
CRYPTO MARKET UPDATE TODAY'S FLASH S&P PMIS SURPRISED TO THE UPSIDE, LEADING TO A BRIEF UPTICK IN RATES, WHICH HAS SINCE LARGELY RECEDED. Despite this, the DXY continues its march back toward 106, nearly reaching that level this morning. Naturally, crypto continues to display relative weakness, with #BTC dropping below...
- Crypto Strategy
LDO Risk/Reward Looks Good Here, Immediate-term Macro Picture Still Uncertain (Core Strategy Rebalance)
FLOWS AND SENTIMENT STILL SUBDUED Last week, we received a better-than-expected CPI print, but the DXY continued to move higher due to global weakness and a hawkish Fed. We discussed the risks appearing in the metrics we use to gauge sentiment and flows. The overall lack of follow-through in the...
Crypto Strategy
Raising Some Cash (Core Strategy Rebalance)
We wrote on Thursday about how the reaction to recent macro data has been quite underwhelming. Crypto broadly rallied in response to a cool CPI...
Market Update
Microstrategy Proposes $500 Million Convertible Note Offering, Terraform Labs Dissolving after $4.47 Billion Settlement
CRYPTO MARKET UPDATE THIS MORNING’S PPI DATA CONTINUES THE RECENT STREAK OF SOFTER INFLATIONARY DATA, WITH THE MAY MOM READING COMING IN AT -0.2% VERSUS...
Crypto Strategy
Favorable Setup Persists, but the Lack of Follow-Through Requires Closer Scrutiny
OVERALL, IT WAS A GOOD CPI/FOMC DAY As any market observer knows by now, CPI came in remarkably cool yesterday. May CPI data was soft...
- Market Update
Blast Airdrop Goes Live, Bybit Card Integrates with Apple Pay
CRYPTO MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT AS THE #DXY HAS SURGED ABOVE $106, FUELED BY THE YEN'S WEAKNESS, WITH USDJPY HITTING ITS HIGHEST LEVEL SINCE 1986. Crypto assets are giving back some of yesterday’s gains, with #BTC trading at $61.2k and #ETH hovering near $3,350. #AVAX is showing...
Market Update
Robinhood Acquires Bitstamp, Coinbase Releases Smart Wallets
MARKET UPDATE EQUITIES ARE SHOWING MODEST DECLINES TODAY AFTER REACHING NEW ALL-TIME HIGHS YESTERDAY. The $SPY and $QQQ have declined approximately 0.20%, while rates are...
Market Update
Near-Record ETF Inflows, G7 Central Banks Commence Rate Cuts
CRYPTO MARKET UPDATE RISK ASSETS ARE EXPERIENCING A BROAD RALLY TODAY, SUPPORTED BY RELATIVELY CONSTRUCTIVE MACRO DATA. The significant data point released today was the...
Comments
Coinbase Premium Returns on Positive Move in Rate Expectations, and Why Bitcoin Mining and AI Might Be the Perfect Match
Today, we discuss how recent economic data is pushing the Fed Funds futures market in the right direction, the influence of rate expectations on the...
Market Update
Core Scientific Diversifies into AI Computing, Watford FC Selling Tokenized Equity
MARKET UPDATE U.S. TREASURY YIELDS CONTINUE TO ROLL OVER FOLLOWING THIS MORNING’S JOLTS REPORT SHOWING 8.059 MILLION JOB OPENINGS VERSUS 8.35 MILLION EXPECTED. Yields are...
