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Minding the Gap with Privacy
Funding in crypto over the years has also led to research in fields like Zero Knowledge and other privacy-based technologies like MPC (Multi-Party Computation) and FHE (Fully Homomorphic Encryption)....
3 Min
Infrastructure
Nov 2023
BTC CME Double Gaps: Why the Second Gap Usually Fills
“Sell me this CME gap” CME gaps have always fascinated Bitcoin traders....June 2019: The “Failed” Double Gap The first clean case of a double gap came in June 2019....Both gaps remained unfilled for months....Interestingly, both gaps stayed open for months, the June 2022 gap finally closed in March 2023, while...
6 Min
Macro & Markets
Sep 2025
Decentralized Networks & The Fight Against Inequality
...possibilities, but one of the most exciting opportunities (in my opinion) revolves around the widening gap...between the “haves” and “have nots”, more formally known as income and wealth inequality....Now, let’s be clear: crypto and digital assets by themselves will not eradicate income and wealth inequality...
7 Min
Layer 1 / L1
Jun 2020
Pulse Check on Liquidity Trends
...deficit is only getting worse, which means more Treasury debt issuance will be required to plug the gap...expectations, as we rightly anticipated, which only adds to these concerns.The destruction in household wealth...
7 Min
Global Macro Themes
May 2023
The Next Frontier of the Digital Economy
...noteworthy including the rise of digitization, a global growth shortage, record low rates, and widening wealth...Widening Wealth Inequality I’ve discussed this topic in greater detail in previous posts (see my recent...back, most notably the rise of digitization, global growth shortage, record low rates, and widening wealth...
6 Min
DeFi
Aug 2020
GALA and LDO Pump Amid "Short-Squeeze Szn"
DCG is closing down its wealth management business that had $3.5B in AUM....🚨 In Case You Missed It DCG closes its wealth management business called HQ.
4 Min
Macro & Markets
Jan 2023
The Great Bond Migration
For example, pension funds, insurance companies, sovereign wealth funds, and savings accounts cannot...new supply, the Fed will be forced to buy more bonds if for no other reason than to fill the demand gap...
8 Min
Macro & Markets
Mar 2021
The World Takes a Dark Turn, Markets React to Ukrainian Tragedy
Stacked bids down to $34K followed by a gap and further stacked bids from $28.5K-$30K, adding further...form of stablecoins) was arguably the best option for those looking to transport and preserve their wealth...be the most pragmatic solution for those seeking to transport (and more importantly, preserve) their wealth...
16 Min
Macro & Markets
Feb 2022
Dog Days of Summer
The consensus was that a rising BTC price always resulted in a trickle-down wealth effect for ETH and...The only problem is that the wealth effect from these BTC ETF flows has been siloed to BTC and hasn’t...The upshot is the wealth effect from a rising BTC price is diminished.
34 Min
Macro & Markets
Jul 2024
Finding the Fun in Fundamentals #1 - Mythical Games
The following case study also works as a stark reminder of the large performance gap between leading...has made a bet that the NFT trading tax, and to a lesser extent feelings of ownership and collector wealth...Notably, the studio states that they believe players are not incentivized by profits but rather portfolio wealth...
13 Min
Gaming
Mar 2025
Embracing Bitcoin's Volatility
...understand the time value of an early career and they’re well aware they have a long time to build wealth...The possibility of life changing wealth is a bigger driver when you still have a long life to live....As a result, the “great wealth transfer” you keep hearing about is going to have a profound impact on...
5 Min
Macro & Markets
Jan 2021
The Year Ahead for Markets 2025
Despite all the recent rhetoric around cutting the fiscal deficit, the gap between total government spending...predicted that higher-level figures — like TVL and market cap — would lag but eventually close the gap...If Solana is able to continue growing faster than Ethereum, we expect SOL to close the gap with ETH on...→ speculation → wealth creation.
90 Min
Macro & Markets
Dec 2024
Stablecoin Growth Propels LUNA Forward
External and Internal Shifts In Wealth Money is purely a nominal asset....When new money is minted (i.e. printed) or burnt, wealth is not necessarily created or destroyed....Even in this case, the shift in wealth is completely internal to the owners of that particular currency...True shifts in wealth only happen due to changes in demand.
6 Min
Stablecoins
Mar 2021
Embracing Bitcoin's Volatility
...understand the time value of an early career and they’re well aware they have a long time to build wealth...The possibility of life changing wealth is a bigger driver when you still have a long life to live....As a result, the “great wealth transfer” you keep hearing about is going to have a profound impact on...
4 Min
Macro & Markets
Jan 2021
Market Musings - Return of the Flows
These low volume nodes, or volume gaps, can often act as a short-term price target or magnate for more...up, native projects within the Solana ecosystem are likely to be extremely big beneficiaries of the wealth...
11 Min
Macro & Markets
May 2024
SEC vs. BUSD by Paxos
📖 Delphi Reads This week, Blur’s airdrop went live, injecting nearly nine figures of wealth into the...airdrop has been claimed so far, and NFT prices have been moving up following the community’s newfound wealth...
7 Min
Stablecoins
Feb 2023
The Evolution of Digital Asset Secondary Markets - 2025
Mid‑term buyers fill the gap when discounts reach 40 %+, while strategic allocators dominate jumbo blocks...private companies are tapping into a limited pool of deals, competing with crossover funds and sovereign wealth...
14 Min
Financial Market Themes
Aug 2025
Curve's Growth, DeFi's Dilemma, & Meme Coins
...to journalists and her media presence differs from Snowden’s, and a quick aside about her personal wealth...
3 Min
Vaults
Oct 2021
Time to Buckle Up: The State of Global Markets
...the means to hold and accumulate assets reaped the most benefit, further exacerbating the widening wealth...inequality gap that underlies many of the social and political issues we face today.
16 Min
Derivatives
Oct 2021
No, This is Not Your 2017 Bitcoin...
Many wealth management professionals (RIAs, FAs), for example, have cited bitcoin’s volatility as a key...seem like it’s larger than life at times, but in reality it represents just a tiny sliver of global wealth...
5 Min
DeFi
Nov 2020