คลังความรู้

This study builds separate XGBoost models to predict next-day Ethereum volatility from activity in the USDC, USDT, and DAI lending ecosystems. Features include lagged borrowing, repayment, and flash-loan measures, plus seven-day averages. It uses time-series…

The document explains how to use spot market volume data to assess activity, liquidity, exchange concentration, and trading interest across tokens and quote currencies. It describes comparing dollar volume over time, reviewing each exchange’s share, tracking…

This webinar overview summarizes a macro discussion about high debt-to-GDP levels, central-bank balance-sheet expansion, and geopolitical risk as forces that may weaken confidence in fiat currencies and encourage interest in Bitcoin. The speakers compare the…

This market report attributes Bitcoin's decline to several concurrent pressures: inflation concerns, elevated Treasury yields, geopolitical uncertainty, and a reduction in demand for risk assets. It describes hedge funds buying spot Bitcoin through…

The document outlines methods for investigating suspicious cryptocurrency activity through transaction graphs, address clustering, and tracing funds across chains. It explains that investigators may infer common control from shared transaction inputs, but…

The report explains how AAVE v2 liquidators repay part of an undercollateralized loan and receive collateral with a protocol bonus. It examines stablecoin debt backed by ETH from 2021 to 2023, relating liquidation activity to ETH price drops and volatility.…

This market snapshot examines a sharp crypto selloff and its effects across centralized exchanges, decentralized trading, lending, and on-chain sentiment measures. It reports that spot and Uniswap V3 activity surged during the August 5 decline, with…

The podcast account follows Jake Ostrovskis’s move from global macro trading into crypto OTC markets. It describes his focus on fair value and volatility dislocations, and the OTC desk’s role in arranging large or tailored trades across spot, options, CFDs,…

This market snapshot links macroeconomic conditions with Bitcoin and Ethereum developments. It discusses strong US employment data and Federal Reserve expectations, compares reported outflows from Bitcoin ETFs with steadier Ethereum ETF flows, and reviews…

This podcast recap describes Loop Crypto’s approach to recurring cryptocurrency payments. Because ordinary crypto wallets send funds through user-initiated transactions, collecting subscriptions is less convenient than card-based payment collection. Loop’s…

The newsletter links Bitcoin’s recent weakness to U.S. market sentiment and argues that BTC continues to behave like a risk-sensitive asset. It notes rising Bitcoin volatility and shifting institutional options activity between IBIT and Deribit. It also…

The article explains why Bitcoin’s eventual supply is below the often cited 21 million cap. Because rewards are paid in whole satoshis and halving uses integer rounding, the scheduled issuance itself ends slightly below that figure. The article then…

The document analyzes a sharp crypto market selloff through price moves, liquidations, open interest, funding, order book depth, imbalance, and spreads. It describes a two-stage explanation: macro events first pushed prices lower, then leveraged positions…

This market recap describes how Bitcoin and Ether derivatives changed during a sharp Bitcoin rally linked in the document to positive news about BlackRock and EDX Markets. It tracks realized volatility, term structure, option skew, trading volume, and dealer…

This market recap interprets Bitcoin and Ethereum options through realized and implied volatility, term structure, skew, option flows, and dealer gamma positioning. It describes Bitcoin volatility rising as spot tested resistance and Ethereum volatility…

This podcast summary introduces Superstate's approach to representing traditional financial assets on a blockchain. Its featured product, USTB, is described as a tokenized short-term US government bond product. The discussion centers on using blockchain to…

The snapshot combines macroeconomic news with market indicators for Bitcoin, Ether, and Solana. It discusses modest inflation relief alongside tariff and interest-rate concerns, a large loss from a highly leveraged Ether position, and the U.S. decision to…

The report studies temporal changes in order-book depth and imbalance for Binance’s BTC/FDUSD market using minute-level data collected from July 1 to August 12, 2025. It describes an intraday depth peak around 11:00 UTC and a trough around 21:00 UTC,…

This report compares hourly Bitcoin returns, volatility, and trading volume across Binance, Bybit, Coinbase, HTX, Kraken, and OKX. It groups activity by the trading hours of several regions, using standard deviation of hourly returns as a volatility proxy…

The article argues that a sharp selloff in World Liberty Financial Token (WLFI) preceded a broader cryptocurrency decline and may have offered an early warning of market stress. It highlights a reported surge in WLFI trading volume after tariff news,…

This market recap reviews BTC and ETH options conditions during a week when spot prices drifted lower and realized volatility eased. Implied volatility also declined, but less than realized volatility, which the author says returned volatility carry to…

The document outlines Lyra V2 as a decentralized options venue that replaced its earlier automated market maker model with a gasless central limit order book and on-chain settlement. It describes an app-chain architecture based on an optimistic Layer 2…

This market update reviews three developments in crypto derivatives: August activity at Deribit, the launch of Bumper, and Kraken’s plans to expand its derivatives business. It reports that Deribit’s volume rose while global derivatives volume fell, with…

This report examines whether Bitcoin blockchain, exchange, investor, and miner measures move alongside price volatility in bull and bear phases. It groups indicators into institutional valuation and unrealized-profit measures, exchange liquidity and ETF…