Crypto Research

This week was a slow one in venture capital funding. Funding fell to the lowest levels we've seen all year at $111M, with only 13 deals completed. This is a 64% decrease from $306M in funding last week, and a 60% decrease in deals from 32 last week. CeFi and NFTs saw slight increases in funding from last week while each other sector declined. The largest drops were in the...

RISK ASSETS RETREAT (FOR NOW) After several consecutive weeks of bullish price action across risk assets, we have seen markets pull back on both technical exhaustion and underwhelming global economic data. As we write this note, the global crypto markets have retraced 7.0% over the preceding 24 hours, with the most substantial drawdown occurring in the overnight hours upon the opening of equity markets in Europe. Ongoing concerns over the...

Walter Teng outlines the recent milestone on the Ethereum network, including implications of the transition to Proof of Stake. CRYPTO WEEKLY: FLIPPENING WATCH _*Recorded August 17, 2022_

INFLATION EASES, MARKETS RIP The collective world briefly exhaled this week as inflation showed its first signs of cooling in nearly a year. On Wednesday, CPI surprised to the downside, as energy prices showed a month-over-month (MoM) decline for the first time since April. Topline CPI was 8.5%, below the consensus forecast of 8.7%, and lower than the 9.1% figure in June. The CPI basket was unchanged MoM, as the...

Venture funding was flat this week, increasing slightly from $229MM to $276MM. The Metaverse/Gaming and Infrastructure segments which were down last week recovered and received the most funding out of any sector, at $87MM and $67MM, respectively. Interestingly, CeFi, one of the most highly funded sectors in the first half of 2022, has seen the lowest funding of any category this past month and received no funding this week. This...