Last week was Token 2049 in Singapore — probably the biggest crypto conference in Asia. Surprisingly, the attendance was larger than last year despite the bear market. Sharing notes from my anecdotal observations & conversations with people there.... Read more

Last week, I began tweeting about some rather anomalous behavior that I was noticing occur on TRB. Specifically, I was noticing prolonged periods of EXTREMELY negative funding. Additionally, we notice 24H volume levels exceeding that of most majors.... Read more

Eclipse announced their SVM rollup today. The architecture has many moving parts, and will be constructed as the following: Settlement: Ethereum for the validating bridge and to use ETH as gas token DA: Celestia for scalability Execution: SVM (Sol... Read more

Jito — the MEV-powered liquid staking provider on Solana — just became the latest DeFi protocol to launch a points program. We’ve been following Solana’s points meta for awhile, so see this blog post and Ghost of Cycles Past report for more deep dive... Read more

Prisma will be increasing its debt cap for all four of its liquid staking collateral on 15 Sep 2023 at 12pm UTC. (Tomorrow) As a primer, Prisma is a CDP-based stablecoin protocol specifically targeting liquid staking tokens (LSTs). Here, they allow... Read more

It was a slow week for governance across the space, but Aave, MakerDAO, and Pocket Network still put forward proposals that readers should follow. Aave’s GHO Woes As readers are aware, Aave has recently launched its stablecoin GHO. Unfortunately, h... Read more

It’s that time of the cycle again, when the initial hype of a recovery rally fades and the hopes of an uponly bull market dissolve into general apathy. Adding insult to injury, BTC’s price just triggered an official “death cross” as its 50d SMA cros... Read more

For those unaware, Renaissance Technologies (Ren Tech) is a quantitative hedge fund founded in the 1980s by Jim Simons, a former code breaker for the NSA. Ren Tech is arguably the most successful hedge fund in history, generating an average annual re... Read more

In this attached thread, I build on my idea from the quoted tweet thread and present a potential short opportunity. And although it seems like a great trade in isolation, can we perhaps pair this up and identify another asset that holds a considerabl... Read more