Releases

Edge is a repeatable process in which a trader can expect to make money over time, net of costs and fees. In other words, edge can be thought of as a trading process with positive expected value. Expectation is integral when defining edge.

Price action following the COVID crash saw DeFi outperform pretty much every asset. Since then, DeFi has generally not shown any meaningful strength against the rest of the crypto market. That is, until recently.

Raoul Pal, Kevin Kelly, and Ash Bennington engage in a comprehensive discussion on the current state of the crypto market, stablecoins, and the global economy.

We’ve been saying for months that access to funding is the biggest risk to the crypto industry this year. Never has that been more relevant than right now given the events of the last few days.

Immediately after Federal Reserve Chairman Jerome Powell's address at the end of the FOMC meeting, Kevin Kelly and Jason Pagoulatos will step up to their microphones to present a timely Market Matters discussion. They'll explore potential market reactions to the Fed's decision to either continue hiking rates or pause them amid recent banking collapses, and assess the implications of the coordinated central bank action that could signal a potential restart of QE. In the Bullish or Bearish segment, they delve into Balaji's audacious $1 million Bitcoin after 90 days bet, examining the ideological stakes and potential impact from various perspectives.

Investors are people, and they, too, underestimate the likelihood (and duration) of bad things happening. So far, 2023 is shaping up to be a case study in this kind of wishful thinking.

In the wake of Silicon Valley Bank's collapse and USDC's temporary depegging, Kevin Kelly and Jason Pagoulatos host a special Market Matter's segment. They delve into the impact on future funding for crypto projects, analyze why markets have historically gone down after the pivot, and explore how the attractiveness of TBills may make crypto less appealing. Additionally, they examine the short-term rally of major cryptocurrencies and its downstream effects for macro and crypto markets.

In this episode of Bull v Bear, Kevin Kelly and Jason Pagoulatos discuss the potential effects of Jerome Powell's hawkish comments on Capitol Hill for the rest of the year in the markets. Applying probabilistic thinking, Kevin and Jason offer possible impacts on the economy and market trends. The team also reviews their charts of the week and give their bullish or bearish takes on upcoming events. Tune in to find out which side will emerge victorious this week.

A shortish video discussing current market price action using a lot of the concepts from the Market Frameworks Report series. […]

Bull v Bear is our new premium macro livestream with analysis from Head of Research, Kevin Kelly and Market Associate, Jason Pagoulatos. They cover the charts of the week, the main market talking points and give their bullish or bearish takes on upcoming events. Every episode, the Bull or Bear emerges victorious.

In this month’s Pro Crypto Insider Talks, Delphi’s own Kevin Kelly and Ceteris join Raoul Pal, CEO of Real Vision, […]

A guide to understanding the factors affecting crypto token unlocks and its impact on token prices.