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.
77 documents
This market snapshot reviews several digital-asset areas: centralized exchange share, spot price moves, futures long-short ratios, DeFi lending activity, and blockchain transaction patterns. It describes Binance losing exchange-volume share after regulatory…
This podcast recap discusses institutional participation in crypto, the launch of U.S. spot Bitcoin ETFs, the more modest reception of Ethereum ETFs, and regulatory barriers to further products. It describes how financial advisers and smaller offices can…
This market update reviews spot exchange activity, Uniswap v3 pool volumes, DeFi lending, and Bitcoin network indicators. It highlights stablecoin-to-asset pools as a major source of Uniswap v3 trading volume, and proposes tracking new stablecoins’ pool…
This podcast recap describes Cboe Digital’s crypto spot and derivatives exchange and clearinghouse. It lists spot markets in several major digital assets and notes the launch of Bitcoin and Ethereum futures. A central topic is futures margin clearing, which…
This market newsletter combines digital-asset developments with indicators and market commentary from October 2024. It reports growth in OpenEden’s tokenized U.S. Treasury vault, contrasts Bitcoin and Ethereum ETF assets and flows, and describes a recovery…
This webinar recap reviews digital-asset market indicators around Q2 2024, covering Bitcoin exchange-traded fund flows, spot trading, DeFi lending, blockchain transfers, and tokenized real-world assets. It reports that Bitcoin ETF flows cooled in Q2, with…
This market commentary interprets crypto options conditions ahead of the U.S. election, focusing on Bitcoin and Ethereum realized volatility, implied volatility, skew, term structure, and relative performance. It describes realized volatility as stable while…
This market commentary connects Federal Reserve easing, Bitcoin price prospects, spot ETF adoption, and options volatility. It contrasts a possible short-term volatility surge with a longer-term decline as institutional ownership grows. For a bullish…
This market snapshot links a sharp crypto price swing with changes in centralized exchange activity, DeFi lending flows, and miner behavior. It reports that spot trading volumes recovered after a brief decline, with Binance gaining share and Bybit trading…
This report reviews digital-asset market developments in Q4 2023 and gives an outlook for 2024. It discusses token prices, circulating supply, market capitalization, Bitcoin spot-exchange share and volume, and activity across blockchain networks and DeFi…
This market snapshot connects crypto news and on-chain activity with spot-market, decentralized exchange, lending, and network indicators. It notes that BTC and ETH pairs remained prominent in centralized exchange dollar volume, while Binance’s share of…
The article explains how data supports several spot Bitcoin ETF functions: calculating net asset value (NAV) and intraday indicative value, checking reserves, and helping authorized participants trade around price deviations. Because Bitcoin trades…
The document explains how to use spot market volume data to assess activity, liquidity, exchange concentration, and trading interest across tokens and quote currencies. It describes comparing dollar volume over time, reviewing each exchange’s share, tracking…
This market snapshot examines a sharp crypto selloff and its effects across centralized exchanges, decentralized trading, lending, and on-chain sentiment measures. It reports that spot and Uniswap V3 activity surged during the August 5 decline, with…
The document outlines Lyra V2 as a decentralized options venue that replaced its earlier automated market maker model with a gasless central limit order book and on-chain settlement. It describes an app-chain architecture based on an optimistic Layer 2…
This weekly market note connects Bitcoin ETF flows and continued GBTC selling with pressure on BTC prices, while describing the effect of past GBTC premiums and subsequent liquidations. It reports that BTC risk reversal skew had begun to recover from a low…
This article reviews US legislative proposals that could place much of the digital asset market under the Commodity Futures Trading Commission. It describes bills proposing CFTC oversight of spot digital commodity exchanges, intermediaries, stablecoin…
This weekly snapshot reviews crypto market conditions from March 19 to 26, 2024. It links Bitcoin’s recovery after an inflation-driven dip to persistent ETF demand and pre-halving accumulation, while noting uncertainty about demand after the halving and…
This analysis uses estimated institutional Bitcoin ETF cost bases to map how drawdowns could push holdings underwater and potentially amplify selling. It presents scenarios from current prices through a 30% decline, arguing that stress rises nonlinearly…
This market snapshot discusses the October 2023 Bitcoin rally alongside regulatory headlines, exchange activity, DeFi markets, lending, and network metrics. It cautions that reports of a spot ETF listing or approval rumors did not establish that an ETF had…
The article compares the first 30 trading days of US spot Bitcoin and Ethereum ETFs, examining net flows, assets under management, issuer patterns, and asset prices. It reports substantial Bitcoin ETF inflows alongside redemptions from Grayscale, while…
This market snapshot reviews Coinbase’s crypto futures approval and Base’s launch alongside activity across centralized exchanges, decentralized exchanges, lending markets, and several blockchain networks. It reports declining exchange volumes and market…
This notice describes global cryptocurrency reference rates calculated as volume-weighted moving averages across exchanges. Users can request a rate by asset symbol, aggregating across exchanges and cross-rate pairs, or by a specific trading pair,…
This weekly snapshot reviews digital-asset activity from February 6 to 13, 2024. It compares centralized exchange volume in major Bitcoin quote pairs, decentralized exchange volumes, lending deposits and withdrawals, token-level depositor activity, and…