Crypto Research
1,619 Results
WEEKLY RECAP Crypto funding continued to show strength through the first half of March, with $252 million in total funding across 38 deals, marking a 41% week-over-week funding increase. The infrastructure category represented approximately two-thirds of funding and almost half of total deal count, including a $69 million undisclosed round from Berachain, an EVM-compatible L1 network powered by proof-of-liquidity. The round was co-led by large TradFi asset manager Brevan Howard and...
El Salvador Moves 5,689 BTC Into Cold Storage, Avalanche Foundation Discloses Community Coin Investments
The crypto market suffered from a sharp decline early this morning, which saw BTC (-4.48%) fall over 8% to the mid $65,000s before paring losses to $68k. ETH (-5.07%) and altcoins saw similar price action, fueling over $727 million in liquidations over the last 24 hours. Funding rates have been getting frothy, and the drop helped to bring rates to more neutral levels across the board (see below). SOL (+3.18%)...
BNB Chain Launches Rollup-as-a-Service Solution, Robinhood Reports Increased Crypto Trading Activity
A deluge of economic data was released this morning, including higher-than-expected PPI data, sparking a move higher in the DXY (+0.47%) and Treasury Rates. U.S. equities are showing modest declines, with the SPY decreasing 0.15% and the QQQ declining 0.07%. Crypto assets are faring worse, with BTC (-1.60%) falling below $72k and ETH (-2.79%) dropping to $3,900 despite yesterdayâs successful Dencun upgrade. Although the majors are showing losses, there are still...
Adding RON and IMX As a Different Flavor of ETH-beta and Gaming Exposure (Core Strategy Rebalance)
MARKET SHRUGS AT HOT CPI The latest Consumer Price Index (CPI) data indicated a hotter inflationary environment than forecasted for February. Despite the surprise in the numbers, market participants appeared largely unmoved, suggesting that the potential impact had already been factored into their calculations prior to the release. This resilience reflects a broader sentiment that a rates-driven selloff, in response to the CPI figures, is not a significant near-term risk....
BTC surged in the overnight hours, nearing $74k, following a day of record inflows into spot ETF products. It's now trading around $72.5k. ETH is showing relative weakness this morning, dipping just below $4k. This may be due to capital rotating into Layer 2 solutions and other Ethereum-related assets following the successful Denunc upgrade. Ethereum-adjacent assets such as AAVE, SYN, MATIC, MKR, and ARB -0.06% , are outperforming thus far today. SOL...
Grayscale Files for Spinoff Mini-Trust, TradFi Institutions Complete Tokenization Pilot on Canton Network
The highly anticipated February CPI report was released this morning, showing slightly higher than expected readings. Core CPI came in at 3.8% YoY vs. 3.7% expected and 0.4% MoM vs. 0.3% expected. Over 60% of the total monthly increase can be attributed to shelter and energy prices. Investors were prepared for worse, as the odds of a June rate cut increased slightly following the data release, helping to spur a...
Bitcoin broke out above $70k during the overnight hours, now floating above $72k, marking another new ATH. This price action was closely mirrored by ETH's resurgence above $4k, currently trading around $4050. AVAX is outperforming on the day, following the announcement that South Korean game publisher Nexon Group will transition its popular MMO RPG, MapleStory, onto the Avalanche network as MapleStory Universe. Meanwhile, NEAR N/A% also continues to outperform, likely fueled...
WEEKLY RECAP Funding through the first week of March was strong, rising 10% from $162 million to $177 million. Total deal count fell 23% but was still impressive, with 31 deals. Infrastructure remains the dominant category, representing 85% of total fundraising and 61% of the deal count. DeFi tallied 26% of the deal count this week, including a $4.5 million strategic round by Blackwing, a modular blockchain for liquidation-free leverage trading....
The day commenced with a flurry of activity, beginning with an NFP figure that exceeded expectations, juxtaposed with an unemployment rate that also surpassed forecasts. This combination pushed short rates lower and led the fed funds futures market to anticipate a full rate cut by the June FOMC meeting. The DXY dropped to a low of 102.4 before making a comeback. In crypto, the day started with significant momentum as...
