The “No Landing” camp is getting larger by the day as more market pundits are starting to believe a recession won’t be in the cards this year. This begs the question: is the worst actually behind us? This argument has some merit as we’re seeing *pot... Read more

At the start of February, the range of the rolling 30 day correlations among all unique asset pairs in the Delphi L1 index was tightly concentrated above +0.5. Ever since, however, the dispersion has been steadily increasing. Viewed another way, usi... Read more

Increasingly, China is softening its once-hawkish stance on crypto. Bloomberg ran a piece yesterday on Hong Kong’s efforts to woo crypto businesses back to help reestablish the city’s ‘financial center of Asia’ bona fides. Notably, this push has be... Read more

Coinbase had an ominous tweet an hour ago, just a date of Feb 23rd and a blue dot. Around the same time, Optimism released this: Is Coinbase launching their own L2 based off of the Optimism codebase? Tomorrow we’ll find out. If it does, expect the n... Read more

The S&P 500 Index on Tuesday experienced its largest daily loss of 2023. In 2022, there were 23 daily losses that exceeded -2.0%, while 2021 only saw 5 such occurrences. The Volatility Index (VIX) just printed its strongest 3-day return in more than... Read more

Interesting to see how dramatic the selloff has been in NFT marketplace tokens following their sizable runups heading into the BLUR airdrop. X2Y2 and LOOKS were among this year’s big gainers through the first 6 weeks of 2023, but most (if not all) of... Read more

Given the plethora of regulatory announcements in the crypto space, we’re excited to share a long-form podcast with industry experts on the outlook for crypto regulations and their impact on the market. On this episode Miller Whitenhouse-Levine, the... Read more

Dollar liquidity continues to support markets as we get deeper into Q1. US dollar weakness over the last few months has given a boost to global liquidity – when measured in USD – as growth in BOJ and PBOC assets has more than offset the decline in th... Read more

The proposal for Interchain Security went live on the Cosmos Hub today. This proposal is for v1, which has been renamed “Replicated Security” for a more accurate description. In v1, the entire validator set for the Hub will be replicated on each cons... Read more

In this thread, I present my thought process behind $BLUR and why Blur’s Bid Point model will likely succeed and replace the pending order transaction model used by OpenSea, LooksRare, X2Y2, etc. Blur has evidently achieved strong product-market fit... Read more