The latest monthly US ISM PMI reading came in lower than expected this morning as growth concerns mount. Last month’s reading of 46.3 came in lower than forecasts (47.5) as it fell to its lowest level since May 2020. Changes in the US ISM has a very...
Open interest on GMX has grown over 100% YTD, overtaking dYdX whose open interest hasn’t increased as drastically. Despite this, dYdX still trades at fully diluted valuation over two times higher than the GMX. dYdX FDV is $2.33B versus GMX which tr...
In a recent report, we dove into Thales, a permissionless and non-custodial Parimutuel markets protocol. This week, they have launched their metaverse. “Tale of Thales” is a free-to-play online game featuring quests, crypto lore and NFTs. The metave...
If you follow markets, you know that a Fed pivot is not necessarily bullish. On average, stocks bottomed 14 months after the Fed cuts rates for the first time following a recession. Bottoming post-rate cuts have happened in the last six recessions. T...
Arbitrum has done well to prosper throughout a tumultuous 2022 and into 2023. The number of active addresses using the L2 has increased by 333% from the start of the new year and the number of daily transactions has risen by as much as 3,361% since...
BTC continues to track the trend of its last cycle drawdown, including its recent recovery. Using the Backtest Builder in our Datahub, we can visualize BTC’s rally from its November low to see how it’s tracking its post-bottom trend in December 2018...
With the CFTC claiming BTC, ETH, LTC, USDT, and BUSD as commodities, I wondered what the declaration could mean for digital assets. Disregarding the stablecoins, BTC, ETH, and LTC correlate to the broader market and tech stocks. For example, we can s...
This one is an immature thought of mine but I think there is a future where AI and crypto perfectly complement each other. Traditionally, transactions that occur online are very limited in their expressiveness. Most of the time buyers/sellers indic...
Recent Research 📊 TreasureDAO: A Decentralized Gaming Ecosystem – 3/30 TreasureDAO is the 5th largest entity on Arbitrum by transactions and log occurrences. This report will outline the past, present, and potential future for one of the most pro...