Now Available: Q2 2024 Crypto Market Report

Insights. 

Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.

Ethereum

15/07/2024 Data Debrief

ETH Spot Market Cools as Wait for ETF Launch Intensifies

U.S. inflation cooled further in June, bolstering the case for a September rate cut. BTC traded above $62K in the early hours of Monday, up nearly 11% over the past seven days. The SEC dropped its investigation into Paxos and BUSD...

  • Ethereum

    15/07/2024 Data Debrief

    ETH Spot Market Cools as Wait for ETF Launch Intensifies

    U.S. inflation cooled further in June, bolstering the case for a September rate cut. BTC traded above $62K in the early hours of Monday, up nearly 11% over the past seven days. The SEC dropped its investigation into Paxos and BUSD on Thursday, while a voteto overturn President Biden’s veto of the SEC’s SAB 121 failed to reach the required majority in the House.

  • Stablecoin

    08/07/2024 Data Debrief

    USDC leads demand for regulated stablecoins

    Last week Bitcoin dropped below $54K for the first time since February as Mt Gox started repayments to creditors. In other news, stablecoin issuer Circle became MiCA-compliant and the German government has been selling BTC.

  • ETF

    01/07/2024 Data Debrief

    SOL ETF news falls flat on market

    Last week, the US Securities and Exchange Commission sued Ethereum developer Consensys. The regulator alleges that MetaMask is an unregistered securities broker. Meanwhile, State Street is getting into crypto structured products. This week, we’ll be exploring:

  • ETF

    27/06/2024 Deep Dive

    BTC ETFs' Impact on Spot Market Structure

    This week we will take a closer look at BTC ETFs. What impact these structured products have had on spot BTC market structure, namely through trading activity and liquidity.

  • CEX

    26/06/2024 Deep Dive

    가상자산 거래소의 유동성 현황

    가상자산 업계는 잦은 해킹과 자금 관리 부실로 인해 안정성과 건전성 문제를 지속적으로 겪고 있으며, 이러한 부정적인 사건들로 인해 업계의 신뢰도가 크게 손상되고 있다. 따라서 거래소에 대한 지속적인 모니터링이 중요하며, 규정 준수 여부와 거래 활동 등을 정기적으로 관찰하고 분석하는 것이 필요하다. 특히 거래소의 유동성은 가장 중요한 지표로, 거래량뿐 아니라 시장 심도 등 다양한 요소들을 종합적으로 고려하여 분석해야 한다.

  • CEX

    24/06/2024 Data Debrief

    Bybit's push for dominance

    Bitcoin continued its downward trend last week, falling below $64K for the first time since mid-May. In other news, the SEC dropped its investigation into Ethereum 2.0 and Consensys, Tether launched a new synthetic dollar backed by gold, and the layer 2 blockchain ZKSync airdropped its ZK token.

  • Bitcoin

    17/06/2024 Data Debrief

    Bitcoin’s dwindling volatility signals maturity

    US inflation data buoyed markets last week before the Fed’s latest dot plot gave traders a reality check. Elsewhere, ZKsync is set to airdrop 3.6 million tokens this week and ProShares joined the ETH ETF race after sitting out of the BTC launch. This week we will explore:

  • Stablecoin

    10/06/2024 Data Debrief

    What MiCA means for Euro stablecoins

    Bitcoin flirted with $72K before losing most of its gains after strong US jobs numbers cast doubt over rate cuts. In other news, the ECB made history, cutting rates before the US Fed, Robinhood acquired Bitstamp in a $200mn cash deal and Paxos launched a yield bearing stablecoin. This week we explore:

  • CEX

    06/06/2024 Deep Dive

    Exchange Liquidity Lowdown

    This week we will take a closer look at the liquidity component of our exchange ranking. We look at what’s driving top exchanges liquidity between volume and market depth, and how to replicate those liquidity metrics with Kaiko’s Data.

  • Bitcoin

    03/06/2024 Data Debrief

    Bitcoin's supply overhang lingers

    Although we’re still waiting for a spot ETH ETF launch date, a leveraged ETH ETF is set to debut on Tuesday. Elsewhere, US President Joe Biden vetoed the resolution to overturn the SAB 121 over the weekend, as expected. This week we explore:

  • Ethereum

    27/05/2024 Data Debrief

    Is ETH headed for a bull run?

    In a surprising turnaround, the SEC approved the first spot ETH ETFs last week, triggering more than 25% in gains for the second largest crypto asset. The positive regulatory news came in abundance: the US House passedits first comprehensive crypto bill and the UK approved crypto exchange-traded products.

  • Bitcoin

    23/05/2024 Deep Dive

    Crypto Derivatives: Positioning and Outlook

    This week we’ll provide an update on the state of play in crypto derivatives. We look at the different types of derivatives contracts, what’s driving volumes and how institutional players are positioned.

  • Ethereum

    20/05/2024 Data Debrief

    Clock Ticks Down on ETH ETFs

    Crypto and equity markets are surging following a reassuring inflation report. In other news, CME is reportedly planning to launch crypto trading, the Senate voted to kill a controversial crypto accounting policy, and 400+ financial institutions have invested in Blackrock’s BTC ETF.

  • Bitcoin

    13/05/2024 Data Debrief

    Reality Bites for BTC Miners

    Both BTC and ETH closed the week down despite a rally in European equities amid rate cuts hopes. In other industry news, Robinhood  disclosed it received a wells notice from the SEC, Revolut launched a crypto exchange for experienced traders in the UK and BitMEX launched options trading to challenge Deribit.

  • ETF

    06/05/2024 Data Debrief

    Is the ETF rally over?

    Bitcoin had a volatile week, dipping at one point below $57k before rebounding over the weekend as concerns eased over interest rates. In other news, restaking service Eigenlayer announced an airdrop, the former Binance CEO got a 4-month prison sentence, and Coinbase posted strong Q1 revenues.

  • Stablecoin

    29/04/2024 Data Debrief

    Tether Loses Market Share.

    Welcome to the Data Debrief! BTC closed the week in the red as stagflation fears mount in the US, trading early Monday just above $62k. In other news, Consensys sued the SEC, Venezuela chose USDT for oil payments to sidestep sanctions, and US authorities arrested co-founders of a crypto mixing service.

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