Now Available: Q2 2024 Crypto Market Report
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Insights.
Our Data Debrief and Deep Dive insights are published twice a week and you can subscribe to them here.
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CEX
29/08/2024 Deep Dive
Moving markets: liquidity and large sell ordersThis week, we’re going to take a closer look at liquidity in the context of BTC’s supply overhang. Namely, we’ll examine what to watch as Mt. Gox redistributions continue and governments sell their BTC holdings.
CEX
19/08/2024 Data Debrief
Rate cuts unlikely to limit the appeal of tokenized TreasuriesCrypto markets whipsawed despite encouraging US inflation data last week. As of Q2’s end, Goldman Sa...
Written by The Kaiko Research TeamCEX
12/08/2024 Data Debrief
How is crypto liquidity fragmentation impacting markets?Crypto markets are recovering from the recent sell-off. Meanwhile, the SEC vs. Ripple case ended wit...
Written by The Kaiko Research Team
CEX
24/04/2023 Data Debrief
Coinbase Targets Offshore Amid Falling VolumesA whole bunch happened on the regulatory front last week as BTC dipped below $30k: SEC chair Gary Gensler gave a marathon defense of the crypto crackdown, the SEC filed a lawsuit against Bittrex, and the landmark MiCA European crypto framework became law.
Written by The Kaiko Research TeamBinance
20/04/2023 Deep Dive
The Binance EffectThis week, we explore how Binance influences global patterns in trade volume in light of their reintroduction of fees on most BTC pairs, aside from TUSD which is now the largest stablecoin by BTC volume on Binance.
Written by Conor Ryder, CFAEthereum
17/04/2023 Data Debrief
ETH's Big Post-Shapella RallyETH hit 11-month highs following the Shapella upgrade despite expectations of significant sell pressure after more than 1mn staked ETH were withdrawn. BTC also soared past $30k for the first time since last June and is up more than 80% YTD.
Written by The Kaiko Research TeamCEX
13/04/2023 Deep Dive
Lifting the Veil on Centralized ExchangesThis week we present a case study exploring how centralized exchange data can be used for powerful analysis, despite its anonymity.
Written by Riyad CareyEthereum
11/04/2023 Data Debrief
ETH Markets Lag BTC Ahead of UpgradeBTC hit $30k for the first time since June 2022. Also, peer-to-peer exchange Paxful announced that it would be suspending operations, U.S. job openings hit a two-year low, and the U.S. Treasury released a report on illicit finance risks in DeFi.
Written by The Kaiko Research TeamLiquidity
06/04/2023 Deep Dive
Q1 Liquidity Ranking For Crypto AssetsThis week we are providing a Q1 update to our Liquidity Ranking Model for Crypto Assets, highlighting the winners and losers along the way.
Written by Conor Ryder, CFABinance
03/04/2023 Data Debrief
Binance Market Share Tumbles 16%Bitcoin closed the week slightly up despite a major CFTC lawsuit against Binance and news that the U.S. government had sold 9,861 BTC connected to Silk Road (with plans to sell more).
Written by The Kaiko Research TeamBinance
30/03/2023 Deep Dive
CFTC v. Binance: The Data Behind the SuitThe centralized exchange space has experienced two major shocks in the past two weeks, first with Binance ending zero-fee trading for most BTC pairs, then with the CFTC alleging Binance has violated U.S. federal laws.
Written by Riyad CareyCEX
27/03/2023 Data Debrief
Binance Volume Plummets After End of Zero-Fee TradingBitcoin continues to trade at 9-month highs after the Fed hiked rates by a quarter percentage point, suggesting increases are nearing an end. Crypto markets largely ignored news that Coinbase was served a Wells notice, the SEC charged Justin Sun with market manipulation, and Sushi received a subpoena from the SEC.
Written by The Kaiko Research TeamLiquidity
23/03/2023 Deep Dive
The State of Liquidity in Crypto MarketsLiquidity is all the talk in financial markets at present, and crypto has seen its fair share of liquidity incidents this month. We explore market depth, spreads, slippage and volumes to bring you up to date with all things crypto liquidity.
Written by Conor Ryder, CFACEX
20/03/2023 Data Debrief
Trade Volume Soars As BTC Crosses 28kBitcoin is on an absolute tear, currently trading at 9-month highs and up 30% in the past seven days. The rally kicked off after the USDC turmoil subsided, and continued throughout the week despite ongoing stress in the banking sector and uncertainty around this week’s Fed meeting.
Written by The Kaiko Research TeamDeFi
16/03/2023 Deep Dive
USDC's Depeg or: How I Learned to Stop Worrying and Trust the BotsWhat happened with USDC?
Written by Riyad CareyStablecoin
13/03/2023 Data Debrief
The Aftermath: What Happened to USDCToday, the Kaiko Research team presents a post-mortem of the mass chaos crypto markets experienced amid SVB’s collapse.
Written by The Kaiko Research TeamLiquidity
09/03/2023 Deep Dive
The Scramble for Silvergate AlternativesLast night, Silvergate decided to voluntarily liquidate, leaving the crypto industry scrambling for banking alternatives. Today, we explore the implications of Silvergate’s collapse on cryptocurrency markets and the viability of alternative fiat on-ramps for institutions and exchanges.
Written by Conor Ryder, CFACEX
06/03/2023 Data Debrief
The Future of Fiat On-RampsMarkets are steady to start the week after a volatile Friday in reaction to the closure of SEN, Silvergate’s instant payment network.
Written by The Kaiko Research TeamCurve
02/03/2023 Deep Dive
Whales vs. Retail: Who's Using Curve?This week we explore a pillar of the DeFi ecosystem: Curve Finance.
Written by Riyad Carey
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