New Report: LATAM's rise in global crypto markets

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

Bitcoin
25/08/2025 Data Debrief
ETH breaks out on strong spot demand.ETH broke its 2021 all-time high over the weekend, reaching as high as $4,996 on some cryptocurrency exchanges and outperforming BTC in both price and volume. It later eased to around $4.6k on Monday, but volumes remain strong, in...
Bitcoin
18/08/2025 Data Debrief
Mapping the AAVE User Base.Better on-ramps and embedded swaps are bringing more people on-chain. But DeFi lending and leverage ...
Written by Louis LatournerieBitcoin
11/08/2025 Data Debrief
BTC Rally Tracks Softer USD.Bitcoin pushed back toward its all-time high near $123k early Monday after rebounding from early Aug...
Written by The Kaiko Research Team
Bitcoin
25/08/2025 Data Debrief
ETH breaks out on strong spot demand.ETH broke its 2021 all-time high over the weekend, reaching as high as $4,996 on some cryptocurrency exchanges and outperforming BTC in both price and volume. It later eased to around $4.6k on Monday, but volumes remain strong, indicating the rally still has momentum.
Written by The Kaiko Research TeamBitcoin
18/08/2025 Data Debrief
Mapping the AAVE User Base.Better on-ramps and embedded swaps are bringing more people on-chain. But DeFi lending and leverage still sit with a small group of large, sophisticated users. In this special edition we map Aave’s user base by deposit size, activity, collateral choices, and risk posture to understand who powers the protocol and what that implies for liquidity, stability, and growth.
Written by Louis LatournerieBitcoin
11/08/2025 Data Debrief
BTC Rally Tracks Softer USD.Bitcoin pushed back toward its all-time high near $123k early Monday after rebounding from early August lows around $112k. The move tracked a broader risk rally as markets priced a September Fed cut. Stephen Miran’s nomination to the Fed Board last week reinforced that view after weak July jobs data. A softer dollar added a tailwind, lifting USD‑quoted flows and amplifying BTC’s gains.
Written by The Kaiko Research TeamCEX
04/08/2025 Data Debrief
Why Coinbase Wants to be the Everything ExchangeThe bulk of public earnings took place last week, with plenty of crypto-related news to digest. In today’s Data Debrief, we’re focusing on Coinbase’s quarterly results and market positioning, looking at volume share versus competitors, COIN share performance, and the top asset performers on the exchange, along with their quarterly trends and the company’s strategy in becoming the “Everything Exchange.”
Written by Adam Morgan McCarthyBitcoin
28/07/2025 Data Debrief
BTC Unfazed by Billion Dollar SaleIt’s a big week ahead for macro news, with multiple central bank meetings, including the Fed, and a plethora of economic data to sift through. Moreover, crypto markets just absorbed a enormous $9bn BTC sale without much fuss. We explore all these topics and more in this week’s debrief.
Written by The Kaiko Research TeamEthereum
21/07/2025 Data Debrief
Altcoin Rally: This Time the Data's DifferentThis week we’re examining the shift in the crypto market towards altcoins. Last week’s rally was one of the largest moves over the past three years, hinting at a potential set up for an altcoin season. In contrast, Bitcoin’s stranglehold on the market has slipped somewhat, as investors favour smaller assets at present.
Written by The Kaiko Research TeamBitcoin
14/07/2025 Data Debrief
Bitcoin Booms in Low-Risk EnvironmentBitcoin topped $123k for the first time on Monday as last week’s rally extended into a second week. Today we’re going to explore the latest all-time highs in the context of portfolio risk, focusing on how BTC has consistently set highs during low volatility periods in recent months.
Written by The Kaiko Research TeamUSDC
07/07/2025 Data Debrief
Gap grows between Bitcoin and altcoins.Bitcoin came close to a new all-time high last week before strong U.S. jobs data dented rate-cut hopes and pulled markets lower. Yet momentum remains intact, driven by institutional demand and a clear shift toward Bitcoin over altcoins. This week, we explored the structural shifts that may be laying the groundwork for a breakout.
Written by The Kaiko Research TeamUSDC
30/06/2025 Data Debrief
USDe faces regulatory setback in Europe.This week we’re diving into Ethena’s USDe, a stablecoin that’s quickly captured market share and regulatory attention. As global rules tighten and stablecoins become more integrated into mainstream finance, can USDe keep its momentum? We break down the data and the latest headlines.
Written by The Kaiko Research TeamUSDC
16/06/2025 Data Debrief
The data behind Circle’s $18B Valuation.Circle’s IPO debut on the New York Stock Exchange on June 5th captured market attention, with shares surging well beyond expectations and outperforming other major crypto listings. This special edition of our Data Debrief examines the on- and off-chain data signals that set the stage for this blockbuster launch and help explain the drivers behind Circle’s remarkable valuation.
Written by The Kaiko Research TeamUSDC
16/06/2025 Data Debrief
Traders position for potential SOL ETF.This week we’re talking all things Solana. As ETF issuers line up to launch funds tracking SOL the market reaction has been muted in parts. However, looking in the right place shows signs of institutional demand.
Written by The Kaiko Research TeamCEX
09/06/2025 Data Debrief
Crypto ETFs enter Korea's political mainstreamSouth Korea has a new president, and it’s got big implications for crypto-related exchange-traded funds. Lee Jae-myung won the June 3 election, succeeding Yoon Suk Yeol, who caused market turmoil last year by briefly imposing martial law.
Written by The Kaiko Research TeamBitcoin
02/06/2025 Data Debrief
Trump’s stablecoin on-chain activity surges post-Binance listing.This week we explore World Liberty Financial’s stablecoin, USD1. The Trump family’s DeFi project launched the token over a month ago, and its seen significant uptake on-chain, however, off-chain activity has lagged. We also take a look at what crypto ETF applications are leading the approval race, how derivatives markets are maturing, and more.
Written by The Kaiko Research TeamBitcoin
26/05/2025 Data Debrief
Bitcoin's Latest Record Move in 10 ChartsBitcoin hit a new all-time high last week, but sentiment remains cautious beneath the headline gains. In this week’s Debrief, we break down what’s driving the move in ten charts. Macro uncertainty, particularly around the U.S. fiscal outlook, is still weighing on risk appetite. While retail participation remains muted, institutional demand is growing, supported by ETF flows, corporate accumulation, and renewed momentum on the regulatory front.
Written by The Kaiko Research TeamLiquidity
19/05/2025 Data Debrief
A Summer of Uncertainty Ahead?Bitcoin barely moved, holding near $103K on Monday after Moody’s stripped the U.S. of its last triple-A rating amid mounting debt. Meanwhile, Coinbase entered the S&P 500, but the euphoria was short-lived. The exchange revealed that client information was stolen as hackers sought to blackmail the firm, with costs related to the incident expected to reach $400 million.
Written by The Kaiko Research TeamEthereum
12/05/2025 Data Debrief
Could Pectra reset ETH’s bull case?Ethereum surged by nearly 40% last week, outperforming BTC after its largest upgrade to date. Meanwhile, Coinbase made headlines with its $2.9 billion acquisition of Deribit, and New Hampshire became the first U.S. state to approve a crypto reserve law.
Written by The Kaiko Research Team
