คลังความรู้

This article compares three types of privacy-enhancing tools in digital assets: mixers, privacy coins, and zero-knowledge proofs. Mixers obscure the link between senders and receivers, while privacy coins can conceal transaction details at the protocol…

The article compares Bitcoin market conditions in late 2023 with the rally in late 2020, using spot returns, options implied volatility, futures basis, and realized volatility. It reports that implied volatility was near its 2023 high amid call buying, while…

The document introduces Uniswap V3’s concentrated liquidity, where providers allocate liquidity within chosen price ranges, and explains how to examine decentralized exchange activity through trade records, prices, and OHLCV aggregates. Individual trades…

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 podcast summary describes SOMA.finance’s plans to connect traditional finance with blockchain markets through token issuance, a decentralized exchange, and yield products. It says the platform aims to support tokenized securities and digital assets,…

The document reviews BTC and ETH conditions after a sharp market squeeze, connecting macro uncertainty and price levels with options pricing. It describes falling implied volatility alongside elevated realized volatility, negative carry, changes in term…

FalconX product manager Jill Gao describes moving from traditional finance into crypto product development and discusses changes in institutional trading. The document outlines Marketspot, a Telegram-based analytics tool that lets users query historical…

This market commentary combines a US macro calendar with views on Japanese rates, Bitcoin, and Ethereum options. It notes that the Federal Reserve decision and US employment report could move markets, while a weaker employment result might support bonds and…

This report surveys digital-asset market conditions in the first quarter of 2025, connecting sharp price moves with macroeconomic news, regulatory actions, exchange security events, and institutional positioning. It discusses Bitcoin and Ethereum, ETF flows,…

This post outlines a Chinese equity screen that combines an amplitude threshold, a proxy for institutional buying, and a recent large daily gain. The intended logic is to find volatile stocks attracting institutional interest that have also shown a strong…

This market recap reviews BTC and ETH options positioning during a period when spot prices struggled near technical levels and traders anticipated volatility around the Bitcoin halving. It compares realized and implied volatility, term structures, skew,…

The document summarizes research and a webinar discussion of Bitcoin options across bull, bear, and volatile market conditions. The presenters examined the volatility surface and its regimes, and argued that traders may find opportunities by adapting ideas…

This brief market recap points readers to four themes in Bitcoin and Ether derivatives: pronounced put skew, the volatility spread between ETH and BTC, large realized-volatility days influencing markets, and buying of longer-dated calls described as…

The document argues that informed DeFi analysis requires four complementary data views: protocol, pool, asset, and wallet. Protocol data supports comparisons across financial functions such as lending, staking, and asset management. Pool data describes…

This overview surveys ways institutions can seek yield in decentralized finance, including lending, liquidity provision, staking, and yield farming. It outlines the main exposures associated with each: smart-contract and liquidation risks in lending,…

The document outlines how decentralized finance uses blockchain networks and smart contracts to provide services such as trading, lending, and borrowing. It describes potential advantages over traditional finance, including broader geographic access, direct…

This brief market recap describes conditions in Bitcoin and Ether derivatives as of February 8, 2023. It tracks realized volatility, futures or options term structure, skew, and observed option flows. The reported picture is declining realized volatility, a…

The document introduces decentralized finance as blockchain based software that can perform functions commonly handled by financial institutions. It describes smart contracts supporting lending, trading, liquidity pools, risk management, derivatives,…

The episode explains how Ethereum’s move to proof of stake helped create demand for liquid staking. Users stake ETH and receive liquid staking tokens that can be used in decentralized finance, lowering the technical and asset threshold for participating in…

This market recap reviews BTC and ETH options after a sharp spot recovery. It discusses realized and implied volatility, term structures, volatility carry, call and put skew, relative value between the assets, option flows, and dealer gamma. The commentary…

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…

The document outlines a framework for estimating implied volatility and theoretical option values for altcoins without actively traded options. An Altcoin SVI endpoint bootstraps volatility curves and recalibrates them every 24 hours for 7-day and 30-day…

This market recap interprets a sharp Bitcoin rally and concurrent Ethereum strength through realized and implied volatility, term structure, skew, option flows, and dealer gamma. It reports that volatility rose as spot advanced, options buyers chased upside…

This document describes a Chinese A-share stock screen combining a technical condition, an earnings-growth filter, and price trend checks. The initial version selects stocks with RSI below 65, year-over-year growth in net profit attributable to…