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.
3,101 documents
The document asks why spot and futures prices tend to move toward one another before maturity, beyond the familiar no-arbitrage condition that requires equality at expiry. One response explains the process through arbitrage trades: when spot is above…
The discussion explains how New Zealand’s trade-date rollover can change the effective trade date of an NZD currency transaction. A Friday trade executed after the rollover may be treated as a Monday trade, making Tuesday a tomorrow-value date and Wednesday…
The document discusses why newly listed CBOE Bitcoin futures traded at a premium to a cash Bitcoin reference price, despite the author's expectation that an upcoming hard fork might push futures to a discount. The response attributes the premium partly to…
The document asks whether futures-market activity can influence spot prices, reversing the familiar explanation in which a supply or demand shock first moves the spot market and then affects futures. It invokes the theoretical relationship between spot and…
The document examines why index futures may show larger absolute price moves than the underlying index even when they trade in backwardation. It distinguishes futures delta, which describes the price relationship implied by the basis, from a hedge ratio…
The document evaluates a simple proposal to use the price of a crude oil futures contract as a forecast of spot price at that contract’s maturity. Its central caution is that, for storable commodities, futures prices reflect current spot prices and carrying…
The document raises a forecasting question: why a naive model that uses the latest observed spot price may outperform more elaborate forecasts. It proposes two possible explanations for consideration: market efficiency, linked in the question to forward…
The document considers how a trader who believes futures lead spot price discovery can use futures information to adjust passive spot quotes. The answer identifies the futures–spot difference as the basis and suggests modeling it as a function of time…
The document raises a backtesting question about calculating the return on a BNB/USDT trade after commissions. The author compares a purchase at 28.0750 with a sale at 27.5224, applies a 0.001% fee at each side, and obtains a loss of about 2.16%, while…
The article reports that Harvest Fund Management filed an application for Hong Kong’s first spot Bitcoin exchange-traded fund, describing the filing as a step toward bringing regulated Bitcoin exposure to local investors. It notes that the proposed product…
The guide describes Bitget’s Model Context Protocol server as a connection between compatible AI agents and exchange tools. It outlines access to spot and futures market data, order books, candlesticks, funding rates, account information, position…
The article compares centralized exchanges, decentralized exchanges, and peer-to-peer or over-the-counter routes for buying crypto. It frames exchange choice around supported asset range, fiat access, listing review, customer support, and exposure to scams.…
The document describes BRC-20 wallets as tools for holding, minting, and transferring tokens associated with the Bitcoin blockchain. It notes that wallet support for the standard expanded in 2023, and identifies compatibility with Taproot address formats and…
This document outlines an exchange-run airdrop campaign for Degis (DEG), a project described as an Avalanche-based insurance tool for DeFi and NFT markets. It explains three reward pools: tickets earned from spot trading volume, tickets earned through…
The document describes a spot auto-invest feature for rTokens, which it presents as tokenized U.S. stock products backed by underlying shares held in reserve. Users choose supported stock-token pairs, an investment amount, and a recurring schedule such as…
The article introduces Hooked Protocol as a Web3 onboarding project and describes Wild Cash, a gamified learning app that rewards users for correct quiz answers and referrals. It outlines proposed HOOK uses such as staking, token swaps, NFTs, community…
The document explains a unified trading account that combines supported spot, margin, and futures products within a shared asset pool. It describes how eligible collateral is valued using asset prices and collateral ratios, and how account equity…
The document introduces exchange-traded funds and explains how a spot crypto ETF gives investors price exposure through fund shares traded on a stock exchange. In the spot structure described, the fund holds the underlying cryptocurrency with a custodian,…
The document describes MicroStrategy’s corporate Bitcoin accumulation strategy, including a shift toward smaller, more frequent purchases and the use of capital raised through stock offerings to fund acquisitions. It presents BTC Yield and BTC $Gain as…
The document reviews Stellar’s reported price rise alongside network development and adoption claims. It describes Protocol 23 features including prioritization of live state and parallel transaction scheduling, which are presented as ways to improve latency…
The document outlines a basic process for joining Hedera airdrop campaigns: register through a designated channel, provide a compatible wallet address, and complete any required tasks. It also describes Hedera’s Frictionless Airdrops concept, which lets…
The document introduces Aleph Cloud as a decentralized infrastructure network offering storage, computing, and database services through distributed nodes. It describes IPFS-based storage, cross-chain access, confidential virtual machines using…
The article explains Dogecoin’s proof-of-work design and merged mining with Litecoin, then distinguishes security of the blockchain from risks to users and third-party services. It describes majority mining attacks, software vulnerabilities, phishing,…
The document explains Decentraland as an Ethereum-based virtual world organized around MANA, LAND parcel NFTs, and community governance through a DAO. MANA is described as the platform’s token for purchases and governance, while LAND represents transferable…