Charting the Q1 market chaos

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

ETF
14/04/2025 Data Debrief
XRP's Liquidity Race As Crypto ETFs Deadlines Loom.Markets declined Friday after China announced 125% tariffs on U.S. goods starting April 12, following the U.S. president’s selective 90-day tariff pause that excluded China. Ripple acquired Hidden Road for $1.25 billion, while Bin...
Macro
07/04/2025 Data Debrief
Liberation Day Frees Investors From Election Gains.The markets are still digesting last week’s sweeping tariff announcements. Meanwhile, USDC issuer Ci...
Written by The Kaiko Research TeamDEX
31/03/2025 Data Debrief
DeFi faces new test as low-liquidity token gets manipulatedBitcoin fell alongside equities as hotter-than-expected U.S. inflation data and weak sentiment indic...
Written by The Kaiko Research Team
ETF
30/01/2025 Deep Dive
ETF applications are eating the worldIts a who’s who of hedge fund managers in Miami this week as conference season kicks into gear. For the second year running the south Florida skyline lit up with the BTC symbol as well as a homage to US President Donald Trump. With this symbolic celebration of crypto’s ascends into the mainstream we’re looking at the latest ETF applications and just how likely it is we’ll see a Dogecoin or Bonk product hit the market.
Written by Adam Morgan McCarthyETF
27/01/2025 Data Debrief
ETF Filing FrenzyBitcoin fell below $100K early Monday as Chinese AI app DeepSeek gained popularity, triggering a risk-off market rout. Meanwhile, the U.S. SEC revoked SAB 121, allowing banks to offer crypto custody without accounting for clients’ assets as liabilities, and the U.S. President signed an order to form a crypto regulation group and explore a national Bitcoin reserve
Written by The Kaiko Research TeamMemecoins
20/01/2025 Data Debrief
Trump takes over memecoinsBitcoin and several altcoins hit an all-time high as markets anticipate a flurry of executive orders following President-elect Donald Trump’s inauguration today.
Written by The Kaiko Research TeamBitcoin
16/01/2025 Deep Dive
How BTC ETFs reshaped cryptoJust over one year on from spot BTC ETF launch we took a look back at life after approval; how ETFs have reshaped crypto markets, supported prices, and what’s next for these burgeoning funds.
Written by Adam Morgan McCarthyBitcoin
13/01/2025 Data Debrief
Life after BTC ETFsBitcoin closed the week lower as risk assets tumbled on hotter than expected US jobs report, with prices now nearing a two-month low. In other news, the US Department of Justice approved to sell $6.5bn BTC adding to the risk-off mood.
Written by The Kaiko Research TeamStablecoin
06/01/2025 Data Debrief
Rising interest in Ethena amid Aave, USDtb launchesHappy New Year, Bonne Année, Gutes Neues Jahr, and all the rest! We’re back from our holiday hiatus just as BTC once again approaches $100k. While the past few days have been relatively quiet, expect increased activity this week with Congress set to ratify the US election results and the first full week of trading since mid-December.
Written by The Kaiko Research TeamBitcoin
19/12/2024 Deep Dive
Kaiko's Top 10 Charts of 2024As the year comes to a close we wanted to recap some of the top stories and datapoints of 2024. It was a seminal year for crypto markets. In spite of hostile regulatory conditions persisting it was also a monumental year for regulatory development with the launch of BTC and ETH ETFs alongside impending regime changes.
Written by Adam Morgan McCarthyBitcoin
16/12/2024 Data Debrief
What are the odds of Santa Rally?Bitcoin hit a new all-time high early Monday, surpassing $106K on some exchanges amid US BTC strategic reserve buzz. In other news, Microstrategy secured Nasdaq-100 inclusion, the parent company of Japanese exchange Coincheck began trading on Nasdaq, and USDC issuer Circle announced a strategic partnership with Binance.
Written by The Kaiko Research TeamAsia
12/12/2024 Deep Dive
Around the world in crypto trendsAs the year winds down, we’ve analyzed global crypto market trends, spotlighting key figures driving adoption across various countries. This regional deep dive highlights successes, challenges, and how unique market drivers, regulations, and structures shape crypto usage in each country.
Written by Dessislava AubertCEX
09/12/2024 Data Debrief
Isolationary regulation, a double-edged swordBitcoin finally crossed $100k in the early hours of Friday morning. It has since whipsawed either side of that number amid heightened volatility. Elsewhere, Donald Trump chose Paul Atkins to lead the SEC, following confirmation by the senate.
Written by The Kaiko Research TeamCEX
02/12/2024 Data Debrief
Shifting Exchange LandscapeBitcoin ended the week higher despite market jitters from President-elect Trump’s tariff threats on China, Canada, and Mexico. Meanwhile, Tether announced it will discontinue its EUR-backed stablecoin (EURT) due to regulatory challenges, while a U.S. court overturned sanctions on the cryptocurrency mixer Tornado Cash.
Written by The Kaiko Research TeamBitcoin
25/11/2024 Data Debrief
ETF options latest bullish signal for BTCBitcoin closed the week within touching distance of the highly symbolic level of $100k. Meanwhile, Cboe BZX Exchange filed four Solana spot ETF proposals, SEC Chair Gary Gensler announced plans to step down in January, and a Shanghai court ruled that individual cryptocurrency ownership is not illegal in China.
Written by The Kaiko Research TeamMemecoins
18/11/2024 Data Debrief
Attention Shifts to Meme TokensBitcoin maintains a strong momentum despite whipsawing either side of $90k over the weekend, after briefly surpassing $93K last week. Meanwhile, Bitwise filed for a multi-crypto ETF and SEC Chair Gary Gensler hinted at resigning.
Written by The Kaiko Research TeamBitcoin
14/11/2024 Deep Dive
The path to $100k for BitcoinThis week, we’re diving into the anatomy of BTC’s latest rally and its broader market implications. On Wednesday, BTC surged past $93K as post-election momentum gained traction. Meanwhile, memecoins are booming following the announcement of the creation of D.O.G.E., the U.S. Department of Government Efficiency.
Written by Dessislava AubertBitcoin
11/11/2024 Data Debrief
Bitcoin Breaks Above $80KBitcoin broke above $80K over the weekend after Donald Trump’s U.S. election win last week spurred a broad market rally. ETH is also up by over 30% since November 5, outpacing BTC for the first time in months. Meanwhile, a consortium of crypto companies launched a USD-backed stablecoin, and the U.S. SEC delayed its decision on spot ETH ETFs options.
Written by The Kaiko Research TeamBitcoin
04/11/2024 Data Debrief
2024 US General Election SpecialAhead of the US election, this week we’re revisiting the topic as a follow-up to our Deep Dive coverage from last week. We’ll examine key metrics to monitor as the election night approaches and explore the following:
Written by Adam Morgan McCarthy
