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 article describes StablecoinX’s proposed de-SPAC formation and plan to build a treasury centered on Ethena’s ENA governance token. It outlines a reported funding package split between locked ENA and cash intended for additional token purchases, and…
The document surveys factors it says may affect ETH price movements, including perpetual futures funding, open interest, investor activity, network use, and technical levels. It explains that negative funding can indicate short positioning and may create…
The document surveys altcoin market conditions through derivatives open interest, leverage, asset-specific momentum, and possible capital rotation from Bitcoin. It explains that open interest measures outstanding contracts and treats elevated readings as…
The announcement describes a regulated retail crypto derivatives pilot in the United Arab Emirates under the Virtual Assets Regulatory Authority framework. It says eligible customers can trade futures, perpetual contracts, and options, with leverage up to…
The document describes Quanto as a Solana-based perpetual decentralized exchange with high leverage and a model that accepts multiple collateral assets. It highlights BTC, SOL, and ETH as examples, and mentions grid trading and hidden orders as platform…
The document uses a reported Binance Futures Unified Margin outage as a case study in exchange infrastructure risk. It says the disruption lasted about 20 minutes and coincided with a large BTC and ETH futures expiry, alongside a brief bitcoin price decline…
The document introduces common cryptocurrency transaction types and explains how exposure differs across them. Spot trading involves buying or selling the underlying asset without borrowing. Margin trading uses borrowed funds to increase position size,…
This guide explains how to attach take-profit and stop-loss conditions to an OKX X-Perps order before opening a position. Traders can enter percentage moves or specific price levels, select a long or short position, and review the displayed liquidation price…
The document explains how crypto short selling works: a trader borrows a token, sells it, and aims to buy it back at a lower price. It describes how leverage increases exposure and magnifies both gains and losses, including the risk of liquidation when…
The document explains how borrowed capital lets crypto traders take positions larger than their account equity, magnifying both gains and losses. It discusses liquidation events as a source of abrupt price moves and gives an example involving a large Ether…
The document describes Hyperliquid’s HIP-3 update, which enables builders to deploy perpetual swap markets without centralized approval and earn a share of trading fees. It presents private-company valuations and forex pairs as possible market categories.…
This article reviews Hyperliquid as a decentralized exchange focused on perpetual futures and discusses the HYPE token’s price action. It reports a prior peak, a subsequent decline, support zones under pressure, and technical signals from Balance of Power…
The document explains Ethena’s USDe as a synthetic stablecoin whose yield engine relies on offsetting spot and futures exposure. It describes holding long spot Ethereum positions alongside short futures positions, aiming to reduce directional exposure while…
This guide outlines the steps for trading X-Perps, described as expiry perpetuals, on OKX for eligible EEA users. It covers prerequisites such as account verification, funding, and an appropriateness assessment, then walks through selecting a listed market,…
The document explains a design for linear digital-asset futures that consolidates trading into one USD order book while allowing settlement in fiat USD, USDC, or USDG. It presents this structure as a response to liquidity fragmentation across separate…
The document explains how leveraged positions can amplify a crypto market decline. When prices fall through traders’ margin thresholds, exchanges forcibly close positions; those sales can add downward pressure and trigger more liquidations. The article…
The document describes large traders on Hyperliquid using leveraged long and short positions across major crypto assets and memecoins. It discusses spot-versus-perpetual hedging, trading in thin markets, and how large orders can move prices and trigger…
The article introduces USDe as a crypto-collateralized stablecoin that uses perpetual short positions to offset exposure to assets such as ETH and BTC. It describes funding payments as a source of yield and delta hedging as the mechanism intended to reduce…
The guide explains how decentralized exchanges offer leveraged crypto positions through smart contracts, with perpetual contracts as the main product. Unlike dated futures, perpetuals have no expiry; funding payments help keep their prices near spot markets.…
The article introduces perpetual futures as non-expiring contracts whose funding payments help keep contract prices near spot prices. It explains that funding transfers between long and short holders can affect position profitability and outlines arbitrage…
The article surveys HyperLiquid’s trading infrastructure and ecosystem, describing its Layer 1 chain, HyperCore, as supporting an on-chain central limit order book and sub-second transaction finality. It also introduces USDH as a stablecoin intended to…
The document explains builder codes as identifiers embedded in trading apps that attribute user activity to developers, who then receive a share of platform revenue. It presents the mechanism as an incentive linking app distribution, trading volume, and…
The document describes a sharp crypto market move that triggered extensive leveraged futures liquidations, with long positions bearing most of the losses. It cites Bitcoin and Ethereum price swings, liquidation totals, the number of affected traders, and a…
The article surveys Aster, a decentralized exchange for spot and perpetual trading, and attributes its early growth to multi-chain liquidity, trading activity, and platform features. It describes mixed technical signals: moving averages point upward, while…