คลังความรู้

This review excerpt describes major regulatory changes affecting crypto markets during 2025. It traces the EU’s MiCA framework, changes to US bank custody rules, a federal stablecoin law, an SEC shift away from enforcement, in-kind Bitcoin ETF redemptions,…

This article surveys proposed and adopted measures intended to rebuild confidence in crypto markets after major exchange failures. It discusses regulatory frameworks, proof-of-reserves reviews, segregation of customer assets, custody insurance, identity…

The article examines mid-2023 stablecoin price dislocations across centralized and decentralized exchanges, focusing on USDC, USDT, DAI, and BUSD. It compares exchange-aggregated prices and fiat trading pairs, then links the sharpest USDC and USDT/USD…

This report compares hourly returns, trading volume, and volatility for BTC, ETH, DOGE, XRP, USDC, and USDT across several centralized exchanges. It uses standard deviation of hourly returns as its main volatility proxy and also examines Garman-Klass…

The document distills a webinar discussion about evaluating risk and opportunity in decentralized finance liquidity protocols. It recommends examining activity through several lenses: individual wallets, pools and assets, protocols, and governance. This…

The article describes a Uniswap V2 liquidity strategy that uses price volatility to decide when to provide or withdraw liquidity. It outlines the workflow: start with an even split of ETH and USDC, remove liquidity when volatility rises, rebalance the assets…

This July 2024 snapshot reviews crypto market conditions alongside regulatory news. It reports that centralized exchange spot volumes were broadly steady despite concerns about Bitcoin distributions and German government sales, while USDT continued to…

This article compares the data needs of crypto wallets, investors and traders, and decentralized applications. It explains that products may need blockchain balances, transaction histories, token transfers, contract events, and market prices or order books.…

The primer explains how crypto order books organize bids and asks by price and size, and how market orders, limit orders, price levels, and depth relate to trading conditions. It distinguishes periodic full-book snapshots from event data that records…

This weekly market commentary reviews Bitcoin and Ether options around US macroeconomic news, including a Federal Reserve rate increase and a stronger-than-expected jobs report. It interprets Bitcoin’s return to contango, relatively anchored implied…

The document explains why exchange price feeds alone cannot describe activity across decentralized exchanges, lending protocols, liquidity pools, NFTs, DAOs, and other blockchain applications. Network records, transactions, smart-contract events, and logs…

In this podcast summary, Loop Crypto CEO Eleni Steinman describes infrastructure for recurring stablecoin payments. The service supports scheduled wallet “pull” payments, aiming to bring crypto billing closer to familiar card-based subscriptions. Because…

This newsletter examines how traders might interpret Bitcoin options prices around the 2024 U.S. presidential election and the following Federal Reserve decision. It relates BTC’s prior movement to shifts in election odds, then uses the implied volatility…

This newsletter links Bitcoin’s move to new highs with macro uncertainty, institutional ETF flows, and crypto derivatives positioning. It discusses inflation data, divided Federal Reserve views on rate cuts, tariff tensions, Treasury yields, and the…

The document summarizes an equity factor study on whether analyst attention predicts future company fundamentals and stock returns. It proposes adjusting a conventional analyst-coverage measure with a linear regression that removes effects associated with…

This overview explains how historical open, high, low, close, and volume data supports cryptocurrency strategy research. It describes OHLCV as price and traded-volume information aggregated over a time interval, and notes that crypto’s continuous trading,…

This podcast recap discusses how uncertainty around Silicon Valley Bank affected confidence in USDC and trading in crypto derivatives. It describes the central concern as the timing and availability of reserves for redemption, even when eventual recovery was…

This market recap tracks Bitcoin and Ether derivatives conditions using realized volatility, implied-volatility term structure, skew, options flow, and dealer gamma. It reports that realized volatility for both assets fell below 30% as trading ranges…

An implied volatility surface maps option volatility across strike prices and expirations. This article describes using its shape to assess market expectations, identify options whose implied volatility differs from nearby points, and construct…

The document explains why the expanding range of digital assets can be difficult for investors to understand. Bitcoin’s early role as a cryptocurrency has broadened into a complex ecosystem that includes smart contract platforms and applications such as…

This podcast recap describes SynFutures’ design for decentralized futures markets. The platform shifted from offering term structures across crypto assets to perpetual contracts, which concentrate liquidity and provide leveraged exposure. Permissionless…

This market commentary examines how election expectations and macroeconomic events may affect Bitcoin and Ether options. It discusses changes in 25-delta risk reversals, call-versus-put open interest, implied volatility across expirations, and estimated…

This market commentary links a cooler inflation reading, revised growth data, and corporate crypto-treasury plans to a cautiously constructive risk backdrop. Its options discussion says BTC block trading leaned toward call selling and put-spread buying,…

This podcast overview discusses maximal extractable value, transaction ordering, and mempool visibility in decentralized finance. It describes arbitrage between centralized and decentralized exchanges as one MEV activity, and explains sandwich attacks as…