Crypto Research
1,624 Results
FIGURE: PEPE UNSHETH-ING ITS ETH TO SOLVE MULTIPLE DEFI PAINPOINTS Since the Beacon Chain launch in Dec 2020, Ethereum users could stake bundles of 32 ETH to secure the network in exchange for priority fee rewards. While these staked ETH[1] are ‘productive,’ many have opted against staking given its operational complexity and illiquidity. Liquid staking projects solve for this by managing validator uptime and offering liquid staking derivatives (LSDs) to...
Crypto markets rallied last night and this morning as BTC broke above $30,000 for the first time since June last year. At the time of writing, BTC is up 1.57%, ETH 4.75% is up 0.09%, and SPX and NDQ are down 0.04% and 0.71%, respectively. Bitcoin continues to outperform relative to most of the crypto market - the Bitcoin Dominance ratio is up 0.45% today and has reached its highest level...
Investors are bracing for a week of critical economic data, including CPI and PPI data for March, which will be released on Wednesday and Thursday, respectively. Investor concerns about the possibility of another rate hike rose following Friday's robust employment data. Nonfarm payrolls saw an increase of 236,000, close to the Dow Jones estimate of 238,000, while the unemployment rate dropped to 3.5%. In addition to economic data, major banks,...
SHAPELLA ARRIVES We are now less than a week away from staking withdrawals being enabled on the Ethereum network. We have been discussing this topic frequently throughout our research, but to reiterate, we maintain that the market is overly pessimistic about the supply-side effects of this event. To reiterate the key points behind our rationale:LIQUIDITY ACCESS FOR MOST STAKERS: Approximately 60% of the staked ETH is through liquid staking providers...
Crypto and Equities are up today, with the S&P gaining 0.30% while BTC was up 0.5% as investors assess weak job market data releases. Investors had reacted positively to poor economic data in anticipation that the Fed could pause ongoing rate hikes but attention is shifting to whether the Fed has induced a potential recession. Despite a short trading week for stocks, all eyes will be on the Labor Department's...
Equity indices and US Treasury yields are declining today following a weak ADP payrolls data release, potentially indicating the US economy is heading for a slowdown. The SPY 1.11% and QQQ 1.08% have fallen 0.48% and 1.20%, respectively, while the US02Y and US10Y are approaching new 2023 lows. Crypto markets are mixed today, with BTC (-0.54%) holding above $28k, and ETH 4.75% (+1.63%) breaking above $1900. MicroStrategy announced this morning that they have acquired an...
Twitter Changes Logo to DOGE, Interpol Red Notice Rumor Circulates, DeFi Hackers Return Funds
Traditional markets are sliding after U.S. job openings fell in February, dropping below 10m for the first time since 2021. ^SPX 1.11% and QQQ 1.08% are trading 0.7% and 0.4% lower than yesterday's close, while BTC and ETH 4.75% have gained 1% and 3%, respectively. Over the past day, DOGE surged by 26% after Elon Mush changed the Twitter logo to that of the memecoin. At this point, it is unclear whether the...
After a choppy weekend, BTC and ETH 4.75% are flat on the day, down 0.68% and up 0.06%, respectively. SPX is down 0.02% at the time of writing, and NDQ is down 0.92%. Most altcoins have underperformed BTC and ETHâSOL -1.73% is down 1.32%, OP is down 1.82%, and ATOM -0.29% is down 1.12%. Ethereum Layer 2, Arbitrum, was hit the hardest this weekend after the team backtracked on a governance proposal (which...
BOND VOLATILITY MOVING LOWER IS GOOD FOR LIQUIDITY Over the past few weeks, we have discussed how the ongoing banking crisis, the Fed's language shift and easing monetary policies from major central banks have led to increased net liquidity in the U.S. and higher global USD liquidity. _Source: Bloomberg, Fundstrat_ One risk that these absolute liquidity levels face is a negation by the Fed’s reverse repo facility. The Reverse Repo...
