Reports

After increasing 16% in July, Bitcoin turned in another strong performance in August, steadily rising 12% over the course of the month to $47,000.  We attribute the strength to continued corporate and institutional activity, a rising hash rate / network difficulty, and more.

In this Chart of the Week, we review cryptocurrency derivatives basics, how to interpret various crypto derivatives metrics, and analyze what they may imply for sentiment.

After years of speculation, the largest stablecoin issuers have finally released more information on their reserves. We analyze these reserves and examine stablecoin risk in general.  

In this week’s Chart of the Week, we review Ethereum’s EIP-1559, which went live on mainet on August 5th and includes fee burns that could make ETH deflationary.

In this week’s Chart of the Week, we review Axie Infinity’s meteoric rise, which has seen revenues and the AXS token increase 65x and 10x, respectively, since the beginning of June.

BTC is trading above $38,000 and ETH above $2,300. Notable gainers in the last 24hrs are AXS, CHSB, and OKB.