Crypto Research

Off The Chain Capital, LLC (“OTC,“ or the "Company") is a value-oriented investment manager that invests in digital assets and blockchain companies. OTC leverages industry relationships to acquire shares in late-stage private blockchain companies at early-stage valuations and uses innovative methods to source Bitcoin at discounted prices. Off the Chain, LP’s (“the Fund”) strategy has resulted in outperformance relative to common investment benchmarks and comparable private funds since its inception...

China FUD causes crypto markets to sell-off for the second week in a row. We take a deeper dive to understand the broader implications (or lack thereof) of the most recent regulatory crackdown announced by Beijing.Leverage and funding rates are trending lower, signaling uncertainty among short-term market participants.Despite recent volatility, HODLers continue to accumulate bitcoins, leading to an increasingly illiquid bitcoin supply.The Lightning Network allows Bitcoin to gain adoption as...

NFT platforms raised a combined $933 million, and infrastructure raised $155 million in new funding this weekDeal of the Week: Sorare, a soccer-NFT platform closed a $680 million Series B funding roundActive investors this week include Softbank, Coinbase Ventures, and Digital Currency Group ------------------------- VENTURE CAPITAL DEALS Blockdaemon, a New York-based startup that builds blockchain nodes and other tech, has raised $155 million at a valuation of $1.26 billion. The...

Crypto markets sell-off following regulatory news out of China, as the PBoC released a document laying out its intentions for stricter regulation and enforcement measures on crypto.This is not the first time China has “banned” crypto (and probably won’t be the last). Historical price movement post-ban is mixed.This news might serve as an alternate explanation for some of the outsized volume from Asian exchanges earlier in the week.$38,000 appears to...

Crypto markets stumble as global equity markets go risk-off in the wake of Evergrande fears. Strongest selling pressure was from those with high exposure to Asian assets seeking liquidity to hedge against a potential “Lehman” moment for China.This week reminds us that Bitcoin is relatively early in its adoption phase and consequently, is still a risk-on asset. Macro remains the roadblock between Bitcoin and $100,000 price.We suspect continued trepidation in...

Crypto exchange deals brings a combined $213 million in new funding this weekDeal of the Week: Coinbase debut bonds are oversubscribed, offering increased to $2 billionJump Capital and Skybridge Capital bring in over $600 million for new crypto funds ------------------------- VENTURE CAPITAL DEALS Idexo is an NFT-centric product that is focused on building no-code digital collectibles management systems. Idexo has raised $2.5 million to bring NFTs and gaming API to cross-chain. Outlier Ventures,...

El Salvador adopted Bitcoin as legal tender in June 2021 and the official rollout took place this week on September 7, 2021. Armando Aguilar, FSInsight's VP of Digital Assets, provides insight on "how it started and how it's going" with Bitcoin in El Salvador. *Recorded September 8, 2021

Solana-based projects have received over $10 million, leading Layer 1 capital raises this weekOur Deal of the Week is Eden Network’s $17.4 million seed round – which will fund the platform protecting traders from order frontrunningMost featured investors this week include Multicoin Capital, Alameda Research, CMS Holdings, Jump Capital and NGC Ventures ------------------------- VENTURE CAPITAL DEALS POLLEN DAO is a fully decentralized portfolio management protocol, enabling the creation and distribution...