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
This Vietnamese announcement describes a 2025 OKX team trading competition with a qualifying round and a final divided into two leagues. Teams advance based on percentage profit and loss, while individual awards also consider trading volume and rank. It…
The article describes a crypto exchange’s reported purchase of a European investment firm holding a MiFID II license. It presents the deal as a route into the European market and says the exchange plans to offer regulated crypto derivatives, including…
This weekly market note interprets derivatives pricing for Bitcoin and Ether during a sharp spot-market correction. It points to several bearish signals: short-dated futures trading below spot, persistently negative perpetual swap funding, and options skew…
The document compares ASTER and Hyperliquid as decentralized perpetual exchanges. It describes ASTER’s origins in a merger, its presence across several blockchains, very high leverage, round-the-clock US stock perpetual contracts, community-oriented token…
The article describes Hyperliquid as a Layer-1 blockchain whose main application is a fully on-chain order-book exchange for perpetual contracts. It highlights the intended benefits of low latency, high throughput, and transparent on-chain trading, though it…
The article attributes Ethereum’s rally to institutional demand through spot ETFs, growth in network activity, and wider use in decentralized finance and stablecoins. It also describes Coinbase’s Base network and ETH holdings as contributors to…
The document reviews BitMEX’s focus on crypto derivatives, including Bitcoin-denominated products and perpetual swaps, and describes its move toward institutional services. It highlights a reported data center relocation to Tokyo as an effort to reduce…
The document surveys Ethereum futures as instruments for speculation and hedging. It distinguishes perpetual contracts from quarterly contracts, though it gives little detail on their mechanics, and discusses leverage as a way to control larger positions…
The document describes GMX as a decentralized exchange on Arbitrum and Avalanche for spot crypto trading and perpetual contracts. It says users connect a wallet and trade without centralized account onboarding, with trades settled on-chain and liquidity…
The guide argues that the quality of a crypto derivatives market depends heavily on the underlying spot market, especially its liquidity, trading volume, and availability across established venues. Deep markets can support tighter spreads, lower slippage,…
This operational guide explains the steps an eligible EEA user must complete to fund an OKX account for X-Perps trading. Deposits arrive in the Funding account, so the user must move eligible assets into the Trading account before they can count toward…
The document explains synthetic USD exposure: hold Bitcoin while opening a short derivatives position sized to offset changes in Bitcoin’s dollar price. In its example, a user transfers part of a Bitcoin balance to an operator, who shorts an inverse BTC/USD…
The document reviews Aster’s reported rally through technical indicators, including RSI above its neutral level, ADX near a trend threshold, a bullish MACD crossover, and a recovery above exponential moving averages. It also identifies an inverse…
The document describes DOGS as a memecoin in the TON ecosystem distributed through a Telegram mini-app. Its allocation approach is tied to Telegram account age, with additional rewards described for completing tasks, daily check-ins, and referrals. The…
The document introduces Bitcoin expiry futures, perpetual futures, and options, explaining their contract structures and common uses. Expiry futures set a price and settlement date; the example shows how opposing long and short positions gain or lose value…
The document explains how Ethena’s USDe is designed to target one dollar using crypto collateral and offsetting derivative positions. The described approach holds assets such as ETH, BTC, liquid staking tokens, and stablecoins while using derivatives to…
The document profiles Dogwifhat (WIF), a Solana memecoin whose appeal comes mainly from its humorous branding and community rather than a substantial practical use. It describes how Solana’s transaction speed, lower fees, and active DeFi ecosystem can…
The document explains X-Perps, leveraged crypto contracts that track an underlying asset without requiring ownership of it. Traders can take long or short positions, use up to 10x leverage, and post several crypto assets or stablecoins as margin. Unlike spot…
The document describes Aster, a multi-chain decentralized perpetual trading platform, and outlines factors it says influence airdrop eligibility. These include trading frequency, time spent holding positions, referrals, and using yield-bearing assets such as…
The document describes USDe as a synthetic dollar-pegged asset supported by crypto collateral and a delta-hedging strategy. The stated structure pairs staked ether, which earns staking rewards, with short perpetual futures positions intended to offset price…
The document introduces Berachain as an EVM-compatible layer-one blockchain built with the Cosmos SDK. It describes BeaconKit as a modular consensus layer, and contrasts Berachain’s proof-of-liquidity approach with Ethereum’s proof-of-stake model. The…
The document introduces AIA USDT perpetual contracts as instruments for speculating on AIA’s price without holding the token. It notes that they have no expiry, trade around the clock, and use USDT for margin and settlement. These features allow positions to…
The document introduces delta-neutral trading as holding offsetting positions, such as spot longs and perpetual-futures shorts, to reduce directional market exposure. It identifies funding-rate spreads and basis differentials as potential sources of return.…
The document explains how leveraged ETH positions on centralized exchanges can be forcibly closed when collateral falls below maintenance requirements. It describes a liquidation cascade: falling collateral prompts forced sales, which can push prices lower…