Immortal Game is a Web3 chess platform with optional play-to-earn variants. Users can collect chess piece NFTs that carry in-game challenges. Users earn CMT, the platforms in-game currency, by collecting these NFTs and completing their corresponding... Read more

A lot of people were talking about the impending supply overhang from the DYDX token unlock, originally slated for Dec. 2022. The dYdX team recently announced this token unlock would be pushed back to Dec. 2023, and further clarified the decision in... Read more

This is a pretty interesting tweet thread with data showing how 70+% of DeFi users do not buy NFTs. I think the author’s point holds true today, but it’s also important to look towards the future: DeFi and NFTs are going to be so closely intertwined... Read more

The latest rally is giving off Q1-Q2 2019 vibes – both periods were preceded by sharp price selloffs and a period of consolidation before strong moves higher. We noted in our Markets Year Ahead report how the current bear market drawdown mirrors that... Read more

GMX has been the talk of the town for a good year now. What started as an experiment in synthetic pricing and margin trading is now one of the biggest success stories in all of DeFi. The simplicity in usage and providing liquidity have put GMX in a r... Read more

In single chain era things are easy: Full nodes don’t rely on validators for correct execution. Even if all validators collude, they can’t cheat full nodes, because full nodes download and verify of all transactions. Fraudulent blocks will be immedi... Read more

The 50-day SMA on the SPX is about to cross above its 200-day equivalent, an event known as a Golden Cross. Since 2000, the equity index experienced a positive gain in every prior instance over the following 90 trading days, with an average gain of ~... Read more

The rise in dollar liquidity has helped fuel the recent rally in risk assets. China is one of the largest contributors to Global Liquidity and – as we noted in our Markets Year Ahead report – we’ve been tracking signs of a reversal in liquidity trend... Read more

The market is signaling Fed policy is too tight. Yields on 2yr US Treasuries have fallen below the Fed funds rate, similar to what we saw back in late 2018 and early 2019 when the Fed paused their last hiking cycle.... Read more