Now Available: Q3 2024 Crypto Market Research Report
Insights.
Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.
28/10/2024 Data Debrief
Staked ETH market tapers amid diversificationBitcoin’s price regained ground in the early hours of Monday after pulling back on Friday, following a WSJ report that U.S. regulators are investigating Tether, the issuer of the largest stablecoin. Meanwhile, Kraken announced pla...
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24/10/2024 Deep Dive
Crypto markets positioning ahead of the US electionThis week we’re peeling back the data on the upcoming US election. For the first time in 2024 digita...
Written by Adam Morgan McCarthy -
21/10/2024 Data Debrief
Why is ETH still lagging behind BTC?Bitcoin gained more than 5% last week despite Tesla moving $765 million of its BTC holdings to an un...
Written by The Kaiko Research Team
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27/07/2023 Deep Dive
Breaking Down Worldcoin's LaunchWorldcoin’s launch was one of the most unique and controversial in recent years. Much of the controversy stems from the understandable skittishness with Worldcoin’s goal (creating a global identity network) and sci-fi-like methods of achieving this goal (eyeball scans). This has been nicely summarized by the MIT Technology Review here. I’ll instead focus on why this launch was unique by analyzing tokenomics, trading, and liquidity.
Written by Riyad Carey -
24/07/2023 Data Debrief
Altcoin Dominance Hits 4-Month HighThe SEC finally responded to the Ripple ruling, asserting the case was “wrongly decided,” contributing to a slight pullback for altcoins amid a wider rally. This week, we explore Bitcoin dominance, centralized exchange concentration, the Arkham token launch, and bearish bets against BNB.
Written by The Kaiko Research Team -
20/07/2023 Deep Dive
Deep Dive: EthCC EditionThis week we have a special edition of our research dedicated to EthCC. The Kaiko team gave three technical presentations exploring market concepts, looking at Uniswap V3 LP trading strategies, market manipulation on centralized exchanges, and the importance of liquidity data in DeFi.
Written by The Kaiko Research Team -
17/07/2023 Data Debrief
XRP Volume Surpasses BTC Following Landmark RulingMarkets are soaring after a judge ruled in (partial) favor of Ripple’s case with the SEC. Meanwhile, Celsius’ CEO was arrested for fraud, Binance laid off 1,000 workers, and Multichain is shutting down.
Written by The Kaiko Research Team -
13/07/2023 Deep Dive
The State of StablecoinsThis week, we explore the state of stablecoin market structure to better understand their systemic importance to cryptocurrency markets. We’ll focus on the top five stablecoins by market cap: USDT, USDC, BUSD, TUSD, and DAI.
Written by Clara Medalie -
10/07/2023 Data Debrief
Celsius Liquidations Could Pressure Altcoin MarketsDespite a drop in overall crypto activity, BTC has traded consistently above $30k for the longest stretch of time since early 2022, bolstered by the possibility of a Blackrock spot ETF approval. Meanwhile, Binance lost several key executives and Gemini filed a lawsuit against DCG.
Written by The Kaiko Research Team -
06/07/2023 Deep Dive
Is stETH Liquid Enough?This week we examine stETH’s liquidity and leverage in light of its increasing usage on DeFi protocols.
Written by Riyad Carey -
03/07/2023 Data Debrief
Lowest quarterly volume since 2020Crypto markets closed the quarter on a positive note despite trade volumes remaining at historical lows. Last week MicroStrategy confirmed that it bought 12.3k BTC throughout Q2, Coinbase was named as the surveillance partner for Fidelity and other BTC spot ETFs.
Written by The Kaiko Research Team -
29/06/2023 Deep Dive
Q2 Liquidity Ranking for Crypto AssetsThis week we provide a Q2 update to our crypto asset liquidity ranking. The recent SEC lawsuits have directly impacted the liquidity of assets identified as securities, and our ranking breaks down the changes. We then compare each asset’s liquidity score to its market cap.
Written by Conor Ryder, CFA -
26/06/2023 Data Debrief
What's Driving Bitcoin's Rally?Crypto markets are booming following a wave of ETF applications in the U.S., a welcome bullish catalyst in a much-battered region.
Written by The Kaiko Research Team -
22/06/2023 Deep Dive
CRV, Aave, and the Art of LiquidationThis week we use lending and borrowing data to explore an extremely large position that raised some red flags last week.
Written by Riyad Carey -
19/06/2023 Data Debrief
The Data Behind Tether's DepegCrypto markets made slight gains this week after the Fed decided to pause interest rate increases, a bullish signal for risk assets, and Blackrock filed for a spot bitcoin ETF, a surprise move amid a tough U.S. regulatory environment.
Written by The Kaiko Research Team -
15/06/2023 Deep Dive
Q2 Crypto Liquidity UpdateWelcome to Deep Dive! This week we provide a Q2 update on crypto market liquidity, looking at the recent Tether depeg, a big buildup of a CRV position on Aave, and how the SEC’s rulings are impacting centralized liquidity.
Written by Conor Ryder, CFA -
12/06/2023 Data Debrief
Market Makers Flee Binance.USWhat a week. Binance and Coinbase were each hit with major lawsuits by the SEC, causing heavy volatility and an altcoin sell-off. In other news, Tether invested in a BTC mining company, the Arbitrum network stopped for one hour, and Australia’s largest bank will limit crypto transactions.
Written by The Kaiko Research Team -
08/06/2023 Deep Dive
The Data Behind the SEC's Big WeekThis week we’ll examine volume and liquidity data related to the SEC’s charges against Binance, Binance.US, and Coinbase.
Written by Riyad Carey -
05/06/2023 Data Debrief
The Fraught Future of Privacy TokensBitcoin whipsawed over the past week, closing lower on Sunday after a mixed U.S. jobs report. In industry news, Binance appointed a possible CZ successor as regional director, Celsius has deposited $745 million of ETH into staking contracts since June 1, and Coinbase’s derivatives exchange will offer new BTC and ETH futures this week.
Written by The Kaiko Research Team