Leading ETF analysts at Bloomberg Intelligence have raised their probability of a spot BTC ETF approval to 65% in light of recent events (mentioned in tweet above). Notably, they also believe “the path of least resistance is simultaneous approval fo... Read more

An interesting trend I’ve noticed lately: new smaller DeFi protocols launching using NFTs first, instead of fungible tokens. The latest is PintSwap, which is building a “censorship-resistant p2p/OTC DEX focused on trading lowcaps with size” One use... Read more

The total funds raised by blockchain gaming-related projects increased by 9% ($85.8M vs. $93.2M) compared to June, with the number of deals announced also increasing by 22% (9 vs. 11). Following on from our June Gaming Roundup, and Konvoy Venture’s... Read more

Tether has generated $855M in excess assets net of liabilities and reported operational profits exceeding $1B in Q2 2023. Tether’s straightforward business model leverages USD collateral backing USDT to invest in short-term US Treasury bills or US r... Read more

Presently, NFTs are in the midst of a bear market. Participants are depressed, and 99% of collections are down at least 50% from their all-time high. Trading volumes and user counts have diminished to yearly lows. “It’s all over” sentiments are runn... Read more

Founder of Curve, Michael Egorov (0x7a16ff8270133f063aab6c9977183d9e72835428), currently has three large debt positions, borrowing a total of 97.76m stablecoins (63.2m USDT on Aave, 15.8m FRAX on Fraxlend, and 18.76m MIM on Abracadabra), with a total... Read more

Why build an Orb? Why scan eyeballs? Why go worldwide? There’s no single answer to these questions. But I like to think about Worldcoin’s vision across three distinct time frames: the short, medium and long-term. The Short Term As anyone on X ca... Read more

One area of crypto that has yet to experience a rally, despite crypto’s relative performance in 2023, is development. Development stats, like commits and developer counts for crypto projects, have stubbornly continued trending downwards for the last... Read more

Although BTC is up 80% YTD, the overall crypto market seems rather dull. Don’t get me wrong, there have been/are outliers, but they are just that, outliers. The general market is still rather uninspiring. That said, certain volatility metrics suggest... Read more

Rysk Beyond launched on Arbitrum mainnet last week, riding the momentum from its recent trading competition that attracted over 4,000 traders. Rysk’s Dynamic Hedging Vault (DHV) reached its initial deposit cap of $1.5M within 24 hours of being open t... Read more