Crypto Research

This report recaps the most impactful headlines from the first half of 2021. We then review year-to-date digital asset performance and analyze on-chain data to get a sense of where we are in the crypto market cycle. BATTLE OF THE HEADLINES _Bitcoin’s Environmental Impact_ In the first half of 2021 crypto reentered the mainstream, frequently intersecting with the zeitgeist’s most controversial characters like Elon Musk as well as new ones...

In our first crypto weekly of 2H 2021, we dive into the following:* Crypto Had Strong 1H vs. Global Assets Despite VolatilityBitcoin Still Consolidating After Sell In May & Go Away CorrectionBitcoin Trading Volume Down As Market Enters Summer DoldrumsEthereum Resuming Outperformance vs. Bitcoin After Recent PauseSmaller Cap Crypto Assets Underperforming vs. Bitcoin But Starting To TurnCrypto Mining Stocks Peaked vs. Bitcoin During Feb & Bottomed Mid-MayInvestors Selling At A...

In this Crypto Weekly, instead of discussing our usual views on the market, we’re going to talk about something a little different – our thought on stablecoins, borrowing & lending platforms, earing yield, leverage, risks, and regulation. We think it’s worth discussing these areas to expand on our notes from last Friday and Monday on leverage in the crypto lending space and given the House Financial Services Committee holds a...

AVALANCHE (AVAX) is a next-generation smart contracts platform that’s structured as a publicly-owned crypto network protocol. Ava Labs supports the Avalanche protocol in its mission to build a high-performing, secure, and energy-efficient cryptonetwork for decentralized applications ("dApps"), novel financial primitives, and new interoperable blockchains. Using its innovative technology approach, the Avalanche protocol is creating a new crypto-native economy for frictionless real-world and digital asset exchange, composable financial application primitives and derivatives,...

After bottoming on bad news a week ago, Bitcoin and crypto had been rallying heading into yesterday’s Fed meeting, but crypto markets fell slightly alongside other major asset classes following the Fed policy statement, and have remained roughly flat this morning. Source: Fundstrat, Bloomberg The Federal Reserve spooked some market participants with its commentary around inflation expectations, tapering and rising interest rates. Source: Fundstrat, CNBC, New York Times Inflation has...

* A rare CryptoPunk NFT called "Covid Alien" was sold at Sotheby's on Thursday for $11.8 million. Created by Larva Labs, CryptoPunks were among the first NFTs available on the Ethereum blockchain and consist of 10,000 unique, pixelated characters.Ledger, a manufacturer of hardware wallets for crypto, completed a $380 million Series C financing led by 10T Holdings on Thursday, implying a $1.5 billion valuation for the company. This new raise...

Bitcoin and crypto markets have been hit with a wave of bad news headlines over the past couple months and prices have taken a sharp hit in response. China’s regulatory crypto crackdowns have been some of the largest contributors to the market action. This morning, news of further crackdowns started circulating after the major Chinese internet service providers Baidu and Weibo started censoring searches for the three largest Asian crypto...