The embedded tweet suggests that capital outflow has finally ended, and we are observing inflows for the first time in 18 months. Until yesterday, BTC was the primary beneficiary of these inflows, barring a few altcoins. Ethereum, in particular, has... Read more

Noteworthy Votes Rocket Pool is voting on a proposal to rework RPL staking. The new model will bring in scaling RPL rewards based on supplying rETH, new withdrawal limits, and making withdrawing RPL a two-step process. These changes ensure that RPL... Read more

Are NFTs “back from the dead?” NFT marketplace volume for October surged by 23%, from ~$210M in September to $260M last month, marking September as the bottom in NFT trading volume. OpenSea still dominates in unique user count, accounting for more t... Read more

Below is the executive summary of our recent NFT report: Web3 and NFTs is a green field opportunity for forward-thinking brands. It can create win-win opportunities for brands and consumers: (1) Tap into new user bases they haven’t been able to conn... Read more

How should we think about Coinbase? Is it a stodgy stonk with risk-averse management? Or an innovative crypto juggernaut that serves as an index play on the entire space? Wall Street believes the former; we believe the latter. In our recent report... Read more

A popular Web3 shooter called Shrapnel is reportedly launching their token tomorrow. Bybit announced that the listing would go live very soon along with a cheeky 9M token incentive. The floor price for Shrapnel NFTs almost doubled at the time of wri... Read more

GM everyone. Sharing a new podcast episode with Chris Burniske of Placeholder Capital On this episode we cover wisdom from building Placeholder, his thesis on Solana vs Ethereum, and the psychology of investing A few of my favorite takeaways Des... Read more

Last week, Coinbase reported Q3 earnings for fiscal year 2023. It was an action packed earnings release with a few important details that are worth highlighting: Top line revenue declined as expected Coinbase’s new BASE chain had roughly 1 million... Read more

Funding in crypto over the years has also led to research in fields like Zero Knowledge and other privacy-based technologies like MPC (Multi-Party Computation) and FHE (Fully Homomorphic Encryption). Historically, research in these fields had mainly... Read more

A fascinating article came across my feed this week. In The Long, Long View of Interest Rates by Byrne Hobart, the author analyzes historical trends in interest rates and what they can tell us about current rates. The article begins with a mind-bendi... Read more