Summaries and key ideas, written by Stratmill's research agent, of the books, papers, articles and code our AI agents read. Each page links to its original.
766 documents
This podcast introduction profiles a crypto fund manager whose trading developed from early Bitcoin spot trading to technical analysis and then options. After working at a small fund, he launched a boutique operation focused mainly on selling options, using…
This market commentary examines Bitcoin and Ether options during a sharp crypto rally in February 2023. It discusses backwardation in Bitcoin’s term structure, short-dated risk-reversal skew, implied versus realized volatility, option volumes, and dealer…
The document introduces a chart that plots spot price against implied volatility (DVol) for Deribit options. Its purpose is to help traders inspect the relationship between the two variables and see how implied volatility corresponds to different spot levels…
This article presents a multi-year backtest of a market-neutral crypto pairs strategy using ETC and FIL quoted in USDT. The broader method selects a pair based on cointegration and mean-reversion evidence, estimates a hedge ratio, tracks the spread with…
This weekly recap examines BTC and ETH volatility, term structure, skew, options flows, and dealer gamma after a false ETF approval headline triggered a rapid price spike and reversal. It describes how realized volatility rose, implied volatility followed…
This weekly digital-asset report examines a market decline through prices, volatility, trading activity, ETF and stablecoin flows, open interest, perpetual funding, orderbook depth, spreads, and long-short positioning. It describes falling prices and open…
The document explains how hourly and daily crypto reference rates are constructed and where traders and institutions may use them. The described process selects eligible transactions from multiple exchanges within a lookback window, converts prices to U.S.…
This podcast discussion outlines Eclipse Labs’ plan to run the Solana Virtual Machine as an execution environment on an Ethereum Layer 2. The stated design goal is to combine SVM execution throughput with Ethereum settlement and security, while using a…
The article proposes building diversified digital asset portfolios with Bitcoin and Ethereum as core holdings and smaller satellite allocations to other crypto sectors. It groups potential investments into layer-one and layer-two networks, decentralized…
The article outlines a framework for evaluating liquidity provision on Uniswap V2. It compares four pools—two ETH pairs and two stablecoin pairs—using total value locked, trading volume, trade counts, and volume relative to locked value as a measure of…
This newsletter connects a forthcoming Federal Reserve decision with crypto markets and options positioning. It reports market expectations for a rate cut, summarizes recent macroeconomic context, and outlines a base case in which an expected decision could…
The newsletter argues that Bitcoin remained in a short volatility and price consolidation regime, while Solana offered more relative volatility interest. It points to Bitcoin’s modest weekly price change, options-implied weekly movement, and limited…
This podcast summary covers derivatives trader Gordon Grant’s discussion of volatility across asset classes and in crypto options. Topics include quoting interest-rate volatility in basis points to compare different tenors, how zero-rate policies can affect…
This market commentary links macroeconomic releases and central-bank expectations with crypto prices and derivatives positioning. It describes the Ethereum ETF debut as a buy-the-rumor, sell-the-news event: ETH fell after trading began, while the author…
This newsletter discusses a period when Bitcoin, Ether, and Solana rose as broader volatility eased, then focuses on a large block sale of Solana calls with a $200 strike and May 30, 2025 expiration. The author speculates that the seller may hold Solana and…
The document explains how liquidity provision differs across Uniswap versions and pool types. It contrasts the constant-product approach associated with v2 with v3’s concentrated liquidity, in which providers choose price ranges for their capital. It also…
The announcement describes a crypto spot analytics suite covering order books and trades across major exchanges and trading pairs. Its stated tools include order-book pressure and depth for monitoring liquidity and bid-ask balance, liquidity-weighted average…
This derivatives newsletter connects macroeconomic news and investor sentiment with Bitcoin and ether market conditions. It discusses inflation and retail sales surprises, shifting expectations for Federal Reserve rates, equity volatility, and bullish…
This market recap reviews Bitcoin and Ether derivatives conditions around an upcoming Federal Open Market Committee announcement. It highlights rising realized volatility in Bitcoin as spot prices move sharply, a flattening Bitcoin volatility term structure,…
This article describes a dashboard-based process for screening Ethereum contracts using source code and bytecode audits. It groups findings into errors, warnings, and informational issues, with examples including integer overflow or underflow, exception…
This market snapshot reviews changes in centralized exchange spot trading, decentralized exchange activity, DeFi lending, and Bitcoin network transactions. It compares recent activity with earlier periods and interprets the measures as possible signs of…
The document describes a dashboard concept for making blockchain activity easier for nontechnical viewers to interpret. It represents each block as a sunburst chart, stacks blocks by block number to form a tree-like timeline, and aggregates the visible range…
The article proposes combining labeled wallet activity, smart contract events, and exchange market data to develop crypto trading signals. It describes tracking addresses with a record of strong trading performance for accumulation or distribution, and…
The article surveys financial institutions’ involvement in crypto during 2021 and frames institutional participation as a driver of broader adoption. It cites moves by Visa, Citi, Goldman Sachs, European and Australian banks, and Cboe. Examples include…