There are short-term factors like the new U.S. ETFs and the upcoming Bitcoin halving. But the longer-term case rests on larger macro factors, says Torbjørn Bull Jenssen.lg...more

A hugely successful ETF launch, with the new U.S. Bitcoin ETFs seeing 47,654 BTC in inflows and seeding in its first two days of trading.lg...more

The Cardano network’s complete lack of meaningful activity will make the Ada token worthless over time.lg...more

Our Head of Research tells you why he thinks you should stay away from NFTs, no matter how bullish the market becomeslg...more

Bitcoin is again shining as a portfolio diversifier, and reduces the risk in a traditional 60/40 portfolio.lg...more

Short-time frame traders could benefit from paying close attention to CME activity, as data suggests it offers informational value regarding BTC’s performance ahead.lg...more

We have long been advocates of using the Grayscale BTC Trust for BTC exposure due to its hefty discount. Now, we believe it is a good time to increase ETH exposure and with the ongoing ETF debacle, the Grayscale ETH trust can be a favourable way to do it. lg...more

Bitcoin, driven by heavyweight spot ETF applications, has outperformed Ether significantly in 2023. Now, the signals point towards a reversion.lg...more

The collapse saw harsh and sudden volatility after a prolonged lull – in line with our warnings of stability breeding instability in crypto markets. lg...more

On-chain flows and extended supply assessments indicate passive market participants throughout the year. Our “Liquid tradeable BTC Proxy” has been stable at 18% since the fall of FTX and sits in line with the February 2020 levels. lg...more

The ear-deafening silence from the market throughout the summer of 2023 has pushed implied volatilities well below former all-time lows, reducing the costs of contrarian vol betslg...more

Ten years ago, the concept of cryptocurrencies was a nascent and largely unproven technology, with their collective value teetering close to zero. Fast forward to the present day, and the crypto landscape has undergone a staggering transformation.lg...more

14 different providers have filed for ETH ETFs under the 1940 act parole. lg...more

We are rapidly approaching the second ARK 21Shares spot BTC ETF filing deadline, scheduled for August 13. lg...more

Binance reigns as the largest exchange measured by open interest dominance, with Bybit and CME taking the second and third places. lg...more

In Europe, the United Kingdom sees nearly a third of all crypto employment, while EU majors France, Germany, Spain, and Italy represent a further 23% of European crypto employment. lg...more

Multiple hubs, major domestic exchanges and a flourishing labor market.lg...more

Is the second Silk Road batch on its way to the market?lg...more

Many of the world’s most influential crypto companies are based in the U.S., incentivized by deeper capital markets.lg...more

After a lengthy legal battle between the SEC and Ripple, the case progressed this week, with XRP receiving a partial victory leading to a massive XRP rally.lg...more

Perp OI consistent with late May levels, while CME's OI sits 30% higher than June 1 levels.lg...more

GBTC's discount has risen to 26.5% following BlackRock's BTC ETF announcement. lg...more

Institutional activity in BTC is currently thriving. lg...more

BTC has seen staircase gains over the past week, tending to push higher during U.S. market hours and stabilizing as the U.S. market closes.lg...more

The BlackRock announcement, in combination with the launch of EDX Markets and multiple ETF re-filings, contributed to revitalizing institutional activity in BTC over the past week.lg...more

It's getting increasingly harder not to be optimistic about the future outlook for BTC towards the tail-end of the year and Q1 2024.lg...more

We explore BlackRock's ETF filing, the timing of the filing, potential implications, and how Q1, 2024 is shaping up to become a monumental quarter.lg...more

Bitcoin has been the better 'buy and hold' strategy, but the altcoin portfolio shows the potential for extra profits by timing the market or picking the altcoin winners.lg...more

Last week’s SEC charges against Binance and Coinbase caused turmoil in the market, particularly for tokens implicated as Digital Asset Securities in the filings. lg...more

In yesterday's Ahead of the Curve, We argued that the market overreacted to the Binance news. We're now firmly back to where we started the week, structurally and technically.lg...more

In this piece, we summarize the overlap and differences between the two cases in the easiest possible fashion.lg...more

The native token can be compared to a national currency. Only crypto has no geographical borders - just networks and blockchains.lg...more

Last week, we showed what would happen if you invested in cryptocurrencies in early 2018. Investing in early 2018 was, in hindsight, the worst timing possible. Now, what if you, instead of reacting to the hype in late 2017, were ahead of the curve? lg...more

In late 2017, Bitcoin became widely renowned through the ferocious rally peaking at close to $20,000 shortly before Christmas. In a second wave lasting into early 2018, altcoins spearheaded by XRP and Ethereum rocketed while Bitcoin started dropping off. lg...more

People frequently misuse many words and their associations for a variety of purposes. The phrase 'Web3' has risen high on that list lately. Numerous companies and projects brand themselves as Web3 – but often, this could not be further from the truth.lg...more

Global exchange traffic is down 25% from this summer globally.lg...more

An estimated 345,000 Norwegians currently own cryptocurrencies, down 75,000 from last year, but still higher than 2021 levels. lg...more

Close to 1.5 million Ether has been withdrawn since the Shanghai upgrade on Wednesday 12th of April. Two-thirds of these withdrawals are built-up rewards from past validator duties. lg...more

Massive surge in ETH activity following Shanghai, while BTC activity reigns stale. Are institutions rotating exposure?lg...more

Growing OI and volumes before and during the initial push higher suggests so. lg...more

BTC’s current drawdown and recovery cycle is remarkably similar to the pattern seen in the 2018-19 bear market in terms of length and trajectory. Let's look at some clues from the past.lg...more

Spoiler: Prices go up - then down.lg...more

This article presents a very stylized argument. I want to highlight that, everything else equal, rising demand will lead to rising prices, but an investor will not get higher profits given that everyone is rational. lg...more

Ethereum dominates the smart contract world because of its first-mover advantage. But what can ruin the value of Ether?lg...more

The market reacted positively to Grayscale’s oral hearing versus the SEC last Tuesday, as GBTC’s discounts narrowed. What's next?lg...more

Deflation does not increase token returns with staking. lg...more

In “A framework for evaluating token prices” we suggested a conceptual way to think about the fundamental value of cryptocurrencies. In this article, we analyze “Access Utility” and its impact on token price in a very naïve and stylized way. lg...more

If the Terra Ecosystem was a sinking cruise ship, the captain and distinguished guests fled in superyachts, leaving most passengers behind without lifeboats.lg...more