Uniswap token price has declined almost as much as Coinbase stock price since a year ago. Both Coinbase and Uniswap are large crypto exchanges, so their prices are expected to be correlated. However, Coinbase has been gradually losing its market share while Uniswap’s trading volume has been far more

The open interest put/call ratio for Bitcoin is almost twice higher than the same ratio for Ethereum. Seemingly, options traders are more afraid of a possible downside move of Bitcoin than Ethereum or alternatively see a larger upside potential for Ethereum than for Bitcoin. Is it really so or

I came to a realization that Nvidia stock price does not account for the current mining economy. Nvidia is traded at 29x trailing P/E and has implied volatility lower than Bitcoin. I believe that put options on Nvidia stock are an excellent hedge for crypto assets. Nvidia is the

Lido’s stETH currently trades with a discount to Ethereum. The token will be eventually converted to Ethereum, so it looks like an arbitrage opportunity. But what are the risks? stETH/ETH Lido stETH is a staking protocol designed to be a liquid staking solution for ETH. Investors can deposit

Last week the big drop of crypto assets in the aftermath of Celsius saga expectedly led to higher implied volatility of crypto options. But will implied volatility continue to be elevated for a prolonged period? Charts suggest volatility is expensive now. Current level of bitcoin and ethereum volatility as measured

Stock market prices of Grayscale Bitcoin Trust and Grayscale Ethereum Trust imply a 30% discount on their net asset value (NAV). Grayscale Bitcoin Trust and Grayscale Ethereum Trust are closed-end funds traded OTC in the US at tickers GBTC and ETHE, respectively. Both trusts are passive funds investing solely in

Encrypting information to protect its confidentiality has been practiced for centuries. However, modern cryptography encrypts electronic information using complex mathematical algorithms and advanced computing, with modern blockchains and cryptocurrencies based on this technology. The history of cryptography dates back to the Stone Age, then it was utilized in securing and