Everyone’s caught Ordinal fever and is having fun with Bitcoin NFTs. Here’s what I think will happen: All of the activity right now is from: (1) tinkerers experimenting with new tools available to them and (2) crypto speculators trying to grab a pi... Read more

The proposal to launch interchain security for the Hub has hit another (albeit small) delay, now aiming for Thursday the 16th or early next week. After the vote goes on-chain and passes (which it is overwhelmingly expected to), it will go live for th... Read more

Below is a high level overview to the Bored Ape NFT ecosystem. After Yuga’s gargantuan $450M seed round at $4B valuation led by a16z, Animoca Brands, LionTree etc., last year, it has become clear that Yuga Labs has an ambitious plan ahead to expand... Read more

While people were distracted by the Blur airdrop and 800 gwei gas prices, I could not help but watch the burn of ETH at https://ultrasound.money/. For those who missed the chaos, Blur, a new NFT marketplace, announced an airdrop on Feb 14th. Users... Read more

Since the Paxos/BUSD news broke yesterday we’ve seen a 4.2% ($685M) drop in stablecoin supply of BUSD. At the same time, USDT has seen a 1.37% ($935M) increase over the same period, suggesting the majority of BUSD flows have been going into USDT. The... Read more

USDT/USDC on Coinbase is up; BUSD/USDT on Binance is down. Expected reaction on BUSD given the events that have transpired over the last day. But USDT finding demand as the narrative shifts to it being a stablecoin less vulnerable to regulatory ove... Read more

With Paxos shutting down BUSD after the SEC alleged it’s a “security”, CZ says Binance are exploring alternative issuers — and perhaps even non-USD stablecoins. With Binance’s user base, stablecoin issuers should be running after the opportunity to b... Read more

Per a recent blogpost, Jump Crypto has disclosed the discovery & patching of an infinite mint exploit on BNB Chain. An attacker could have minted an infinite amount of BNB tokens, sold them for stables or ETH on BNB Chain, and then bridged to Ethereu... Read more

In our Market Frameworks reports, I often talk about market imbalances/inefficiencies. A few examples are volume gaps, liquidation events, and time/volume imbalances. In the below example we will look at recent price action demonstrating what time/vo... Read more

“Checks” – the latest NFT art collection by @jackbutcher – is sparking a heated debate on the notion of “notability”. Who decides what becomes notable and what doesn’t? Through its use of memes, this thought-provoking collection delivers a powerful m... Read more