...an inflation story. 2020 was a quantity-of-money story. 2018 was a price-of-money story....-10 recovery, before the 2011 commodity-led inflation spike — met by ECB hikes into an unfolding European...The 2021-22 surge in our inflation diffusion plus the most aggressive tightening cycle in four decades...

Even if MoM inflation posts 0% growth for the remainder of 2022 (like we saw in July), the projected...Since the start of 2021, when inflation concerns really started bubbling up, BTC has significantly outperformed...Whereas, the Nasdaq and S&P both closed ~2% above Tuesday.

Inflation is Eating the World Inflation....Bitcoin is Not an Inflation Hedge It’s easy to point fingers in hindsight....“It’s worth noting that analysts were fearing earnings misses after Q3 2011, Q4 2015, and Q4 2018, then...inflation prints....Inflation is Eating the World Inflation.

From 2019 to 2024, gross revenue grew from ₩113.6 billion ($87 million) to ₩711.9 billion ($547 million...steep losses in 2022 and 2023, at -₩185.8 billion (-$143 million) and -₩206.7 billion (-$159 million)...This price-gated mechanism intends to safeguard against inflation and selling pressure.

Powell reaffirmed his stance once again, stating the committee’s desire to curb inflation at seemingly...Prior to this year, the longest amount of time BTC spent below the 200-week MA was only 2 weeks....With stETH yielding ~4-6% and Aave borrow rates at ~2%, this nets a +2-4% yield on every loop.

Part 2 – Applications In Part 1 we have overviewed Anoma’s intents and seen how they compare to Ethereum-style...“Part 2: WTF are intent-based apps?”...has 2 sections; First, we take a look at some existing intent-based apps across various verticals that...User 0xea wanted to sell 48,942 USDC and receive at least 26.66 ETH.

...the inscription technology by building a simple order book DEX for BRC-20 tokens....BRC-20’s on this DEX trade against sUSDT....The limited edition NFT collection boasted tiers ranging from $10K to $200K....Actual activity on Ordinals saw a significant spike between May and Sept 2023, averaging over 200K inscribed...

...last edition of Market Insights, Bitcoin has notched an extremely impressive week, rallying nearly 20%...We also have confluence with the white VWAP line, which is anchored to the 2022 Yearly Open....trading at extremely oversold levels with its daily RSI hitting lows we haven’t seen since the March 2020...

, Mar-2020, and most recently, in Jun-2022....since Jun-2021....Bitcoin Is Not An Inflation Hedge [Excerpt from a Delphi Insights report] It’s easy to point fingers...Notable Tweets Lido Adding stETH to Layer-2 Lido is launching stETH on Layer 2 🏝️ Ethereum is scaling...

Its 2% depth on Bybit – an indicator that tries to evaluate the required liquidity to move a token by...2% – is just $3.5k-$4.5k, with even lower depth on Bitget ($2k-$3k) and KuCoin/MEXC ($1.2k-$1.8k)....been well received overall, the current build remains incredibly unstable and likely needs another 2-...

Internet Game is an interactive entertainment platform that is launching its Season 2, titled “Bear Market...There are 2 parts to the games....Part 2 is a live finale with 3 multi-player games hosted by Gmoney & Leah Lamarr....The Sandbox announces the start of Alpha Season 3 on August 24....Fractional raises $20M funding round, rebrands to Tessera.

Each wallet is limited to 2 passes during this tier....Allow List Tier 2: Begin simultaneously with Allow List Tier 1....Again, 2 passes per wallet are allowed....Allow List Tier 3: Begin 1 hour after Allow List Tier 1/2....Phase 2, the public sale, commences 2 hours after Phase 1 and continues until all Trefoil Mint Passes...

September more than doubled compared to August, so here’s a quick onchain options recap (Sep vs Aug ’26...It now holds 11.2% of notional share, up from 0.4%, and ranks #2 behind Derive for September....Notional rose 285% to $259.9M, lifting its share from 3.1% to 5.4%. Notional outran premium....Notional grew 2.2x while 30d premium grew 1.3x to $83.78M.

20%....in 2024....The Staking category has nearly disappeared from secondary market deal flow, falling from 2% to 0% deal...Theme #2 – Emergence of Distinct Buyer Archetypes Perhaps the most interesting dynamic in the past year...Forge now publishes pages for both **Circle and** Kraken, something it activates only after recording...

Introduction Reddit — the “front page of the internet” — has been revolutionizing the way people interact...1.6 ETH and 100 supply Gummy by 5 Boro Bodega, with a floor price of 1.3 ETH and 150 supply Gen 2...Avatars – “Spooky Season” Gen 2 avatars, titled “Spooky Season,” were released in October 2022 as a fun...ideas since its inception in 2005.

SLP supply peaked at 584mil on 29th May and had a short period of deflation....On 28th June it stood at 484mil, a 100mil(-17%) supply decrease in 30 days....Small Love Potion (SLP) has seen a significant growth in price of +712% YTD as of June 28th....Axie floor prices increased from 0.03 ETH to around ~0.066 ETH, and MEO 2 Axie prices rose from 0.084...

Reverse repo balances (ON RRP) have also collapsed from over $2 trillion at its peak to practically nil...out of the RRP over the last 2 years (to buy more T-bills), and the RRP drawdown has now reached its...Robotics startups alone secured over $2 billion in Q1 2025 funding, with 70% directed toward warehouse...rates, 2026 marks a critical inflection point.

Join the Macro & Markets team this Thursday (2/15) from 11am ET – 12PM ET for our first webinar of...2024!

Argentina crossed 200% inflation in 2023. Nigeria’s naira lost over 60% of its value since 2022....Inflation and Everyday Dollar Demand Somewhere past 20% annual inflation, sustained for a few years,...A 1-2% difference in yield does not bring back a user who could not pay for groceries.

Layer-2 Airdrops In 2024, we have seen a number of general-purpose Layer-2s launch with minor technical...For Layer-1/2 protocols, we have a much wider net of metrics that we can monitor....Arbitrum was the most active Layer-2 ecosystem around its airdrop in March 2023, and it was still able...metrics and even more inflated valuations.