Daily market Brief

Daily Market Brief 240516

Hong Kong Investors Own 15% of IBIT Shares

Weekly Hot Take

Tokenisation vs. Satoshi’s Vision? Takeaways from the FT Crypto & Digital Assets Summit

Exploring the main takeaways from the FT Crypto & Digital Assets Summit, and in particular, the disconnect between crypto natives and institutional crypto players.

Daily market Brief

Daily Market Brief 240515

Another Hint ETH ETF May Be Denied

Daily market Brief

Daily Market Brief 240514

Post-Halving Difficulty Adjustment Continues

Daily market Brief

Daily Market Brief 240513

Is Crypto Inherently Political?

Blockchain Focus

[ZK series - 1] ZK Rollups: Elephant In the Room

There is an elephant in the room for ZK rollups that is not revealed too often.

Trading Focus

Optimizing Funding Fee Arbitrage

The unique attributes of the bitcoin futures market often serve as fertile ground for implementing risk-free trading strategies. In this report, we analyze two different strategies involving funding fee arbitrage, aiming to identify the most optimal approach.

Daily market Brief

Daily Market Brief 240510

Market Under Supply Pressure?

Weekly Hot Take

Market Making: Predatory or Essential?

Market makers contribute significantly to reducing volatility and transaction costs by providing substantial liquidity, ensuring efficient trade execution, fostering investor confidence, and enabling smoother market operations.

Daily market Brief

Daily Market Brief 240509

ETH-BTC IV Spread: ETF Speculation?

Daily market Brief

Daily Market Brief 240508

Susquehanna’s $1bn GBTC holdings

Weekly Hot Take

Is FDV a Meme?

The MC/FDV ratio for the top 10 projects launched in 2024 is around 0.12, indicating that only 12% of the total tokens are circulating, and over $60 billion would be needed in the next five years just to sustain the current price.

Daily market Brief

Daily Market Brief 240507

Dive into Visa’s Stablecoin Report

Daily market Brief

Daily Market Brief 240506

Seed of Dovish Pivot Has Been Planted

Daily market Brief

Daily Market Brief 240503

ETF Investors: Diamond- or Paper-Hands?

Daily market Brief

Daily Market Brief 240502

Final Dip Before Rebound?

Daily market Brief

Daily Market Brief 240430

Preview into HK BTC & ETH ETF

Weekly Hot Take

2024 SEABW Takeaway: Southeast Asia’s PMF with Blockchain

Blockchain finds a PMF in geographies where society appreciates "frictionless value exchange." The value system instilled in Southeast Asia aligns well with this, suggesting a strong product-market fit (PMF) in Southeast Asia.

Daily market Brief

Daily Market Brief 240426

IBIT Daily Inflow $0: Don’t Panic

Daily market Brief

Daily Market Brief 240425

HK ETF's Stock Connect Eligibility

Daily market Brief

Daily Market Brief 240424

Is BTC in for a quiet summer?

Daily market Brief

Daily Market Brief 240423

Food for thought: 2 takeaways from the IMF’s paper on cross-border Bitcoin flows

Daily market Brief

Daily Market Brief 240422

Rune's 'les Deux-Jours'

Trading Focus

Post-Halving BTC Outlook: Is the Worst of the Drawdown Behind Us?

Drawdowns are hard on any traders but especially so for BTC traders given its higher volatility. After the successful completion of its 4th halving on April 19th(UTC), BTC trades at $63,000-65,000 range, still some 19% down from its peak. In this report, we analyze the current drawdown in terms of its magnitude and duration and compare it to the past episodes to put it into perspective.

Daily market Brief

Daily Market Brief 240419

First negative BTC funding of 2024

Weekly Hot Take

The 2024 BTC Halving Preview: Bullish but is it tradeable?

A deep dive into past halvings, BTC supply dynamics, and the macro backdrop.

Daily market Brief

Daily Market Brief 240418

Tough Year for Altcoins

Daily market Brief

Daily Market Brief 240417

Bearish sentiment rises: a look at ETH IV

Daily market Brief

Daily Market Brief 240416

Seeking a New Equilibrium

Weekly Hot Take

Hong Kong's BTC Spot ETF: Trigger for China's Institutional Flow

We conservatively estimate the HKEX-listed Bitcoin spot ETF to attract US$10-20bn inflow in the first 12 months upon listing.

Daily market Brief

Daily Market Brief 240415

Why HKEX’s ETF Listing Matters

Blockchain Focus

Unlocking Dencun Upgrade: Unseen Truth of Scaling DA Layers

The future of Ethereum’s DA is both exciting and challenging, with various solutions presenting unique trade-offs. As the ecosystem continues to evolve, individuals must carefully weigh the pros and cons of each approach to ensure the best fit for their needs.

Daily market Brief

Daily Market Brief 240412

13F Filings reveal Bitcoin ETF buyers

Daily market Brief

Daily Market Brief 240411

Bitcoin Decouples

Daily market Brief

Daily Market Brief 240410

Asian Microstrategy in the making?

Daily market Brief

Daily Market Brief 240409

More negative signal for ETH spot ETF

Daily market Brief

Daily Market Brief 240408

Genesis completes GBTC liquidation

Daily market Brief

Daily Market Brief 240405

BCH Jumps After Halving - Precursor to Upcoming BTC Halving?

Daily market Brief

Daily Market Brief 240404

Who’s Driving Gold’s ATH?

Weekly Hot Take

ETH Spot ETF Approval: Inside Gary’s Head

ETH spot ETF approval ultimately depends on one individual - Chairman Gensler. Given this, we evaluate its prospect through Gensler's lens, focusing on his assessment of the risks and rewards associated with his choices.

Trading Focus

Is retail FOMO manifesting now?

We examine three social media metrics to evaluate where we are in the current bull cycle.

Daily market Brief

Daily Market Brief 240403

US Government Moves $2B in Bitcoin to Coinbase

News

Presto Fund Recognized As #1 in Net Return in January Among Cryptocurrency Funds

Presto Digital Fund 1 achieves top net return in January within cryptocurrency sector according to BarclayHedge

Daily market Brief

Daily Market Brief 240402

Tether Adds $600mn BTC To Its Reserve