Reuben Wu Reuben Wu is a British photographer, filmmaker, and music producer based in the United States. He is known for his landscape and fine art photography, which often features remote and otherworldly locations and is characterized by a distinc... Read more

The financial system is a ReFi system more than net new debt creation. Higher rates doesn’t solve this.... Read more

If you’re looking for a brief overview of prior financial crisis – plus government responses and their impact – this is pretty solid.... Read more

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more

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... Read more