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Insights.
Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.
Macro
20/01/2026 Data Debrief
Infrastructure Is Holding Back TokenizationReal-world asset tokenization has evolved from a theoretical exercise into a measurable market, but the data reveals a split reality. Stablecoins have achieved massive scale, while tokenized securities, commodities, and infrastruc...
Macro
13/01/2026 Data Debrief
Positioning for $100K: Signals and Key CatalystsThis week’s Data Debrief examines the positioning dynamics beneath the surface of the early January ...
Written by Adam Morgan McCarthy
Indices
06/01/2026 Data Debrief
The Rise and Repricing of Digital Asset TreasuriesAs digital assets mature and market structure deepens, corporate and institutional crypto holdings a...
Written by Laurens Fraussen
CEX
24/02/2025 Data Debrief
Bybit Hack by the NumbersDespite the SEC dropping its case against Coinbase and Robinhood, and Brazil approving the first spot XRP ETF this week, positive sentiment was short-lived. Bybit suffered what could be the largest hack of any institution—crypto exchange, bank, or otherwise—on Friday, with $1.4 billion worth of ETH and ETH derivatives stolen. Due to the magnitude of this hack, we’ve made this a special edition of the Debrief to address all the critical details.
Written by The Kaiko Research Team
Indices
20/02/2025 Index in Focus
Moving Beyond Bitcoin with the KT5 IndexThis week we’re looking at one of Kaiko Indices Blue Chip product, the Kaiko 5 Index. The benchmark tracks the top five assets in our list of vetted tokens, while still offering diversified returns.
Written by Adam Morgan McCarthy
Binance
17/02/2025 Data Debrief
Liquidity lowdown: asset rankingMarkets shrugged off a hotter-than-expected U.S. CPI last week. Meanwhile, Abu Dhabi’s sovereign wealth fund revealed it had invested in Bitcoin, the SEC and Binance sought a 60-day pause in their lawsuit, and Argentine President Javier Milei’s brief support for the LIBRA token sparked controversy.
Written by The Kaiko Research Team
Indices
13/02/2025 Index in Focus
Fly, EAGLE FlyThis week we’re looking at one of Kaiko Indices newest products, the Kaiko EAGLE Index. This is our first regional index and asset selection wasn’t sector specific. As such it includes Layer-1 assets, a meme coin and a utility token.
Written by Adam Morgan McCarthy
CEX
10/02/2025 Data Debrief
Coin earningsMarkets stabilized after a speedy resolution to tariff disagreements in North America. The US is exploring the creation of its own sovereign wealth fund, while regulator and crypto czar David Sacks envisages a “golden age” for digital assets.
Written by The Kaiko Research Team
Indices
06/02/2025 Index in Focus
Capturing the Layer-2 NarrativeThis week we’re launching something new, the Kaiko Index in Focus. In our first edition we’re looking at the Kaiko Layer-2 Index, a sector index tracking L2s across Bitcoin and Ethereum.
Written by Adam Morgan McCarthy
Macro
03/02/2025 Data Debrief
Tariff Driven TumultFears of an escalating trade war are weighing on Bitcoin and other risk assets after the U.S. imposed tariffs on China, Canada, and Mexico, prompting retaliation from Canada. Meanwhile, the SEC has approved another joint BTC and ETH ETF, and Trump-affiliated product websites have begun accepting TRUMP and MELANIA tokens as payment.
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 McCarthy
ETF
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 Team
Memecoins
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 Team
Bitcoin
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 McCarthy
Bitcoin
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 Team
Stablecoin
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 Team
Bitcoin
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 McCarthy
Bitcoin
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 Team
Asia
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 Aubert