In previous years Bitcoin rallies were largely in line with a broad risk-on sentiment, but in the last two weeks, Bitcoin soared thanks to bank safety worries and despite mixed performance of broad markets. That could suggest Bitcoin became a new defensive asset. Banking Crisis A banking crisis unfolded during

The recent failure of SVB is explained by rate bets going sour, but did SVB management imagine themselves as great macro traders or did they just incorrectly estimate future deposits by crypto and other venture firms? I think the latter is true, and that shows how crypto and broader venture

The recent Forbes article and a letter by US senators suggest a new attack on Binance. It looks like major crypto exchanges cannot remain unregulated for much longer, and I see Coinbase as a likely winner in a new regulatory landscape. New Attack on Binance Last week there was a

Low inflation allows China to spur credit creation. It increasingly looks like a consumer credit boom, suggesting an upside potential for global liquidity and crypto prices. Stake Ethereum with lowest fees START STAKING China Credit Boom A new credit boom seemingly starts in China. In January new loans were at

ARK Invest manages the largest high-risk tech fund, ARK Innovation ETF. In a recent research report, the company details its famous call that Bitcoin may reach a million-dollar price by 2030. Bitcoin in the Long Term ARK Investment Management LLC (ARK Invest) recently published a new annual research report detailing

The US Federal Reserve and other major central banks contemplate a possible rate hike pause, and the money market sees an outright end of the tightening cycle. What does a central bank’s pivot mean for crypto? Stake Ethereum with lowest fees START STAKING The Tightening Cycle Last year was

It looks like the market starts differentiating between innovation assets. Netflix shares double from lows, while Zoom and many other high-risk tech stocks remain near lows. Can crypto recover like Netflix? Stake Ethereum with lowest fees START STAKING Innovation Assets Are Different Last year's relentless selling of crypto,

Bank of Japan is the last major central bank staying with an ultra-easy monetary policy, and there are reasons to expect a policy change. Will it spoil the current crypto rally? Why It Matters Decades of an ultra-easy monetary stance have turned Japanese funds into big investors in the global

The recent news suggests that a new Ethereum upgrade will allow the withdrawal of staked coins in March or even earlier. Will it crash the Ethereum price or, conversely, attract new money in Ethereum staking? And how should derivatives be priced around the upgrade? Stake Ethereum with lowest fees START

Short-term crypto performance may be dominated by Binance worries, but I see a powerful bullish factor sometime next year. In 2023 the US monetary policy cycle will probably turn, supporting global liquidity, including crypto. Stake Ethereum with lowest fees START STAKING Monetary Policy Turns 2023 is expected to be a

The Federal Reserve has a long history of creating bubbles and deflating them. When Bitcoin matured enough, it became significantly correlated with traditional financial assets, being moved by global trends. Therefore, a question arises whether a policy reversal by the Federal Reserve in 2023 would support cryptocurrencies' rebound. Stake

Last week Coinbase asked its users to switch from USDT to USDC. In September Binance converted most stablecoins held by users into its own one, BUSD. Why did exchanges attack rival stablecoins? And what stablecoin is the safest? Stake Ethereum with lowest fees START STAKING A Rise of Stablecoins Stablecoins

US Treasuries implied volatility is at the highest level since 2009, while implied volatility of stocks and crypto is relatively muted. Will bond-implied volatility spill over into other assets? Implied volatility is too different between asset classes US Treasuries' implied volatility has skyrocketed this year. ICE BofA MOVE Index,

Key Takeaways * Cardano was introduced to improve sustainability and ensure low power consumption. * Cardano is powered by Ouroboros, a revolutionary Proof-Of-Stake consensus mechanism, with the codes written in the Haskel programming language. * ADA, Cardano’s native cryptocurrency, was named after a British mathematician, Ada Lovelace. She is renowned for being

Arbitrage traders might enjoy the fact that Bitcoin options on Deribit are sometimes priced differently than on the stock market (via BITO ETF), creating trading opportunities. BITO ETF ProShares Bitcoin Strategy ETF (ticker BITO) is traded on the US stock market and provides exposure to Bitcoin. It invests in cash-settled,