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.
1,747 documents
The document compares spread betting and contracts for difference, describing their cash-settled exposure, leverage, margin requirements, and different tax treatment in some jurisdictions. It breaks down broker costs such as bid-ask spreads, commissions,…
The article argues that a sharp Bitcoin decline may represent a bull-market correction rather than a systemic bear market. It compares the current selloff with the 2022 industry failures and earlier bull-market drawdowns, then considers market structure,…
The document explains why traders placing medium-sized orders should assess order-book liquidity across a wider band around the mid-price, rather than relying only on the best quote or a narrower depth measure. It argues that a large order can consume nearby…
The document explains stock perpetual futures as contracts that track stock or index prices without giving the trader ownership of the underlying shares. It describes USDT as margin, contracts without a fixed expiry, and the possibility of trading outside…
The article compares three ways to access U.S. stock markets through Bitget: direct stock and ETF trading, tokenized stock-linked assets, and USDT-margined perpetual futures. It explains that direct shares may carry ownership-related benefits, tokenized…
The article frames a crypto crisis as a loss of confidence that can spread from hacks, stablecoin problems, regulatory changes, or falling speculative demand into withdrawals, platform distress, liquidations, and broader price declines. It describes a 2025…
The article introduces Avantis as a Base-based decentralized perpetual trading protocol using a shared USDC liquidity vault. It describes support for crypto and selected real-world asset markets, leverage, liquidity-provider risk tranches, and AVNT’s roles…
This article explains how institutional traders can assess liquidity in tokenized stock perpetual futures. It distinguishes headline volume and a narrow bid–ask spread from executable depth at several distances from the mid-price. Depth at 5, 10, and 50…
The article examines Bitcoin’s reported decline after U.S. and Israeli strikes on Iran, describing a rapid risk-off move and a wave of leveraged-position liquidations. It points to negative perpetual-futures funding, falling open interest, and higher implied…
The article explains crypto futures as leveraged contracts that allow traders to take long or short exposure without owning the underlying cryptocurrency. It distinguishes perpetual contracts, which use funding rates and have no expiration, from dated…
The article compares three ways to access US stock exposure through a crypto platform using stablecoin funding: tokenized stock products, stock perpetual futures, and products that settle into actual shares. It distinguishes their economic exposure:…
The document introduces BGHOT10, a USDT-settled perpetual index futures contract made up of cryptocurrencies selected by Bitget. It says the index reflects market weights and selects coins for investor attention, trading volume, and perceived long-term…
The article explains how traders can take bearish exposure to Apple through AAPLUSDT, a USDT-settled perpetual futures contract. It distinguishes this product from tokenized Apple exposure, which is presented as spot-style access rather than a shorting…
The document explains auto-deleveraging as a futures-market risk control that can activate when an insurance fund for a coin is depleted and liquidation losses remain uncovered. The exchange then reduces selected counterparties’ positions to help cover the…
The article describes stock perpetual futures as a way to trade price exposure beyond regular exchange hours. It explains how periodic funding payments between long and short holders are intended to keep a contract near its underlying stock index, and…
The article describes trading perpetual futures linked to U.S. stocks, including the ability to take long or short positions, use USDT collateral, and trade around the clock. Its practical guidance emphasizes choosing leverage to match risk tolerance,…
The document explains Vertex, an Arbitrum-based decentralized exchange that combines an on-chain automated market maker and risk engine with an off-chain sequencer for order matching. It describes the design as a way to pair self-custody and on-chain…
The document describes USDC as a dollar-pegged stablecoin introduced in 2018, with reserves held at regulated institutions and independent reserve attestations. It outlines reported compliance approaches in the United States, under the European Union’s MiCA…
The document introduces cryptocurrency perpetual swaps as derivatives that let traders take long or short exposure without a contract expiration. Unlike dated futures, perpetuals do not naturally converge with spot through settlement, so exchanges use…
This beginner guide explains the lifecycle and vocabulary of stablecoin-margined perpetual futures. It distinguishes long and short positions, leverage, opening and maintenance margin, position value, funding, and realized versus unrealized profit and loss.…
The document reviews Bitcoin’s fourth halving, when the block subsidy fell from 6.25 BTC to 3.125 BTC. It explains why this change can squeeze less efficient miners and increase the importance of transaction fees, while noting that mining responses may…
The article explains USDe as a synthetic dollar backed by crypto collateral paired with short perpetual futures positions. In principle, gains or losses on collateral are offset by the derivatives hedge, while arbitrage between minting, redemption, and…
The guide explains three different ways the platform described offers Apple price exposure: real shares through a securities account, tokenized stock exposure, and leveraged perpetual futures. It distinguishes ownership of shares from economic exposure…
The article describes Superp, an on-chain derivatives platform focused on meme coins and other crypto assets. Its products include Meme Perps, which support long and short trades with stated leverage of 3x to 10x, and Super Perps, which the article says can…