This article dissects the concept of Futarchy and prediction markets, particularly in the crypto world. Futarchy is a proposed form of government where decisions are based on prediction markets - betting on potential outcomes. Although seen as a potential blend of public participation and professional analysis, challenges exist with this kind of system such as market manipulation, noise differentiation, and potential biases. The author offers insights into actual experiments of these concepts in the crypto space, stressing the 'human element' meeting 'professional analysis.'
Ordinals are still a nascent market, and it is difficult to keep up with new projects in the space. More and more projects are announcing launches as Ordinals prices continue to skyrocket. This post provides a good overview of some upcoming drops.
This post makes the case for AI-related tokens and memecoins being the top-performing assets of this cycle.
Friendtech took the space by storm last year and looked poised to become the leading SocialFi app. However, users were disappointed that an airdrop was teased and never came. After losing the pole position for SocialFi, Friendtech is now hinting at an airdrop.
The infamous 3AC founders Kyle Davies and Su Zhu have returned to X, claiming once again that the "Supercycle" is here and that they were right about it, despite their fund collapse being one of the catalysts for the overall market crash in 2022.
Robinhood has revealed plans to enable swaps on Arbitrum, a layer-2 blockchain on Ethereum, for its wallet users in the upcoming months. The collaboration aims to support access to cross-chain swaps and make it easier for non-crypto native users to onboard to on-chain activities from the Robinhood Wallet. The announcement resulted in an over 11% surge in ARB's token price.
Merrill Lynch and Wells Fargo's brokerage unit have started offering select wealthy clients access to Bitcoin ETFs. This action shows banks are acknowledging the increased interest and demand for Bitcoin from affluent clientele seeking to diversify their portfolios and tap into Bitcoin's non-correlated growth potential. It is another example of further legitimization and integration of Bitcoin into traditional finance.
Ark is an L2 solution for Bitcoin that aims to address Bitcoin’s speed and cost issues. It facilitates off-chain payments using a shared UTXO model to ensure user data confidentiality. Transactions in the ecosystem are made with 'digital checks', which can be obtained by depositing Bitcoin into the L2. Digital checks have an expiry date. In case of inactivity or server failure, users can reclaim their Bitcoin through automated procedures.
Wormhole, a cross-chain messaging platform, has launched Native Token Transfers (NTTs) in order to help preserve token properties and solve liquidity fragmentation issues across different blockchains. NTTs enable direct token transfers across chains without the use of synthetic wrapped assets. This allows projects to maintain the ownership, upgradeability, and uniqueness of their tokens across different chains.
Thruster Finance is a yield-first DEX aiming to be the go-to platform for all of DeFi and on-chain liquidity on Blast. It has been the winner so far in terms of DEXs on Blast, with over half of Big Bang contest winners and 15 of Blast's backers supporting it. This thread covers Thruster’s upcoming airdrop and activities that could potentially allow users to qualify for it.
This thread provides a guide on how to navigate the Bull Run in crypto. You can significantly increase your chances of success by maintaining discipline, managing risk, and applying a top-down analysis. Backtest systems, remain patient, journal your progress, and protect your capital. Don't be greedy. Rely on personal judgment and research instead of outside influences.
The fat protocol thesis, that most value will accrue to the underlying chains, is something that has gained popularity - it has been true so far in the space. Builders are focusing more on developing new L1 and L2 solutions instead of decentralized applications or application-focused protocols. This fragmentation could lead to surplus useless blockspace. Despite blockspace being one of the valuable aspects of crypto, the continuous creation of new blockspace could be a waste of resources. This article discusses three potential outcomes for the future of crypto, underscoring the importance of changing current dynamics to incentivize more diversity in the space.
In a recent interview, Bitwise Chief Investment Officer Matt Hougan highlighted the success of the spot bitcoin ETFs, explaining the demand and claiming the real demand is yet to come. Demand for these new products has so far been driven mainly by retail investors, hedge funds, and independent financial advisors. Hougan is forecasting an increase in demand for spot bitcoin ETFs once major US wirehouses start participating.
You can currently earn a yield while maintaining a delta-neutral position on NFT Perp and Floor protocol - this potentially qualifies you for an airdrop from NFT Perp.
This post gives a quick overview of some of the latest developments in DeFi over the past week including Uniswap’s revenue sharing proposal, EigenLayer’s $100m funding, Parcl’s airdrop, and more.
The US House Financial Services Committee has advanced a resolution aimed at challenging the SEC's Staff Accounting Bulletin No. 121 (SAB 121), which mandates that banks record customer crypto holdings as liabilities in their balance sheets.
Bitcoin came close to hitting its USD all-time high earlier this week. It has already surpassed all-time highs in many countries around the world - USD has appreciated versus most other currencies.
Morgan Stanley might become the next major institution to offer spot bitcoin ETF products. Recognizing the potential benefits of including cryptocurrency-based products in investors' portfolios, Morgan Stanley's move follows the SEC's approval of spot bitcoin ETFs in January and the overwhelming demand for those products since they rolled out. The entry of large broker-dealer platforms into this investment space could significantly accelerate inflows into these newly introduced products.
Coinbase experienced a technical glitch that caused users' account balances to display as zero as Bitcoin surpassed $60k yesterday. This malfunction coincided with a sudden drop in prices across the space that resulted in over $1.7 billion in liquidations. Coinbase quickly acknowledged the issue and assured its users that their assets were safe and deployed fixes over the next few hours. Coinbase CEO Brian Armstrong said that the level of traffic it experienced yesterday well exceeded the 10x surges in traffic the company had modeled for, leading to the issues users experienced.
Marathon Digital, the largest publicly traded bitcoin miner, is expanding its services by launching a programmable application layer called Anduro. This layer is being developed to assist in the creation of sidechains. Marathon has already launched two sidechains, Coordinate and Alys, to generate additional revenue streams and inspire innovation on the platform. Alys focuses on trading tokenized real-world assets and is Ethereum compatible, while Coordinate is aimed at supporting the Ordinals community.
Frog is a toolkit from Paradigm and Wevm that assists developers in building Frames for Farcaster applications. Frames turn Farcaster posts into interactive elements, transforming static content into dynamic experiences. Frog provides a streamlined process for creating lightweight, high-quality frames. With a built-in debugger and vendor-free deployment, Frog aims to lower development hurdles, sharpen the developer experience, and optimize user engagement. Its team plans to introduce a Transactions feature and audit tools shortly.
It is important to take profits during bull runs. When deciding whether to take profits, consider your financial situation, the market conditions, and your individual portfolio/trading style. For perps, consider funding rates and the timing of the last correction. For spot positions, take into account plans for the position, the expectation of price dips, and the emotional impact of seeing unrealized profits decrease.
The four stages of a bull market are: 'Rebirth,' where investors begin to see a positive price trend; 'Excitement,' when all coins are back to or surpassing all-time highs; 'Euphoria,' which is a period of intense activity and mainstream interest; and 'Disconnection' (or 'Insanity'), which is marked by unsustainable growth and irrational decisions.
We may be earlier in the cycle than some think. This post provides some background on the brutal bear market the space just went through and the historical context of crypto cycles in general. Crypto participants are getting a little anxious as Bitcoin nears all-time highs. However, this cycle is much closer to the beginning than the end and could be much bigger than people are anticipating.
2024.02.29·theknower.substack.com·9 min read·TLDR Crypto The recently launched US Bitcoin ETFs have been breaking records day after day, with their trading volume reaching $7.6 billion as of Wednesday's market close. BlackRock's IBIT, Fidelity's FBTC, and Grayscale's GBTC have been the top products chosen by investors. This surge in activity and demand has propelled Bitcoin towards record highs, sparking additional waves of interest.
At a private Bitcoin event hosted by BlackRock, one of the firm’s quantitative analysts gave a presentation and suggested that a 28% allocation to Bitcoin would not be ‘unreasonable’ for a conservative investor.
Sam Bankman-Fried is reportedly seeking a 6.5-year sentence. Both his parents and his cellmate claim they are worried about his safety. He is apparently advising prison guards and urging them to invest in Solana.
Telegram launched a 50:50 ad revenue sharing system for channel owners in nearly 100 countries that exclusively uses toncoin on the TON blockchain.
Gemini has announced a settlement in the Genesis Bankruptcy, promising Earn users a 100% return of their digital assets in-kind - if you had 1 bitcoin on the platform, you will be receiving that bitcoin back in kind instead of the ~$20k cash (the value at the time of bankruptcy) most were expecting.
Kraken has launched Kraken Institutional, a platform for institutional firms seeking exposure to crypto. This one-stop shop will include spot trading, OTC trading, and staking services. The platform is aimed at institutions, hedge funds, and high-net-worth individuals. It will be led by Tim Ogilvie, who joined Kraken after its acquisition of Staked. The announcement comes amid a battle between the SEC and Kraken on whether or not it is running an unregistered cryptocurrency exchange.
BlackRock's spot bitcoin ETF had another big day, recording over $1.357 billion in volume, exceeding Monday's $1.3 billion. The other recently listed spot bitcoin ETFs also saw robust activity, with a total volume of over $2 billion between them. Bitcoin's breakout rally to $57,000 the night before likely stimulated the high trading volumes.
SYMMIO, a new global derivatives settlement layer, is aiming to become the leading infrastructure for derivatives. It offers optimized pre-market quotations and a secure settlement through its bilaterally isolated instances. With its aggregated liquidity, SYMMIO allows new solvers and frontends to connect seamlessly from day one.
Uniswap is launching three new tools to simplify crypto transactions: a browser sidebar wallet extension called Uniswap Extension, automatic transaction execution through Limit Orders, and trader-oriented Data & Insight pages. The latter two features are already available, while access to Uniswap Extension will be opened to waitlist users in four to six weeks.
Perpetual swap funding rates act as a tool that aligns contract prices with market prices. Market sentiment has recently become bullish, indicated by record-high funding rates of 19%+ on major cryptocurrencies and 30%+ on alternatives. The surge shows market participants are confidently going long, which shows optimism from traders. Now is a time to exercise caution as the market tends to test and flush leverage.
This post discusses the importance of divergence in trading. Divergences - situations when two things diverge from one another - can form the basis of many robust trade ideas. The post illustrates this principle using different variables like price and momentum, price and delta, price and premium, price and sentiment, price and news, and relative strength.
This article provides a good overview of the crypto wallet sector, focusing on three categories: self-custody wallets, embedded wallets (Wallet-as-a-Service), and smart accounts. The evolution from primarily self-custody wallets is paving the way for more user-friendly options that could significantly increase mainstream crypto adoption. The piece raises intriguing questions around the paths of adoption, user types, geographical influence, business models, and wallet form factors that might take shape as the crypto ecosystem evolves.
Critics of the points farming strategy that has been employed by many protocols lately say that protocols are basically farming users rather than the other way around. These platforms incentivize farmers, with farmers often ending up being exploited. In light of this, users should be diligent in researching tokenless protocols, engaging with team members, and not blindly trusting influencers shilling ways to farm the protocol.
A mystery buyer reportedly purchased 26,200 Bitcoin for $1.3 billion, sparking speculation on who it could be that would take such a large swing so suddenly.
This thread attempts to analyze the extent to which flows into the BTC ETFs might be redirected to ETH ETFs upon approval and what effects that would have on ETH.
Peter Brandt has revised his Bitcoin price forecast to $200,000 by September 2025, up from $120,000, amid a bullish breakout according to his charts.
Riot Platforms and CleanSpark have been escalating hash rate and efficiency efforts ahead of the Bitcoin halving, with significant mining machine purchases and facility expansions.
The nine recently launched spot bitcoin ETFs recorded a combined daily volume of $2.4 billion on Monday, setting a new record for the nascent products. BlackRock's ETF led the way, accounting for $1.3 billion of the total volume. The products, introduced on January 11, have collectively done nearly $52 billion in trading so far, pushing the price of Bitcoin to within 20% of its all-time highs.
HTX, the crypto exchange formerly known as Huobi Global, has abruptly withdrawn its application for a license to operate in Hong Kong. The decision signifies a major shift from its earlier plans to expand in the city following its exit from the Chinese market. The reason behind the withdrawal has not been publicly disclosed and the company has not issued a comment. Three other cryptocurrency exchanges have also pulled their applications, and one has had its application returned.
Talus Network is developing a decentralized marketplace for AI with blockchain tech that will allow users to exchange data, model rights, and computational power freely. The network aims to ensure AI is "controlled by the many, not the few" by mitigating centralization risks and enabling individuals to contribute to AI innovations. The network will leverage Move's smart contract security and object-oriented programming to create a diverse range of AI applications.
Anchorage Digital has launched Porto, a self-custody wallet aimed at institutions. The wallet offers full web3 access and seamless integration with the Anchorage Digital platform. Porto aims to circumvent the trade-offs with current institutional self-custody solutions, providing an 'on-the-go' solution without compromising on security. The platform offers features including biometric authentication, custom policies, and tamper-proof hardware while enabling activities like buying, selling, trading, and governance voting.
This post discusses the unique aspects of the Runes protocol, which operates within Bitcoin's UTXO model, in contrast to the account-based model of BRC-20s. Runes offers technical improvements that make transactions easier, cheaper, and more scalable as well as potential compatibility with Layer 2 scaling solutions. The post proposes creative approaches like combining covenants with Runes and having Runes cover Bitcoin transaction fees.
This report provides an in-depth analysis of Bittensor, an open-source network and protocol that offers programmable incentives to supercharge AI development. Bittensor allows individuals to create subnets, digital commodity markets designed to incentivize intelligence production. Its real-world applications include ML-driven financial predictions and AI-assisted gaming and entertainment. Bittensor aims to keep the future of AI technology open and decentralized to avoid the monopolization seen in other tech sectors.
It can be challenging to build consumer apps that keep pace with the speed of innovation in the digital world. Current platforms often isolate users by feeding individualized content, promoting a dependence on algorithms. This generates a few issues: enforced narrow platform rules affecting creators, culture adhering to trends, and diminished social interaction. Future platforms should consider designing seamless online and offline experiences, incorporate decentralized reputation and curation, and account for rapid changes in trends of consumption.
2024.02.27·archetype.mirror.xyz·12 min read·TLDR Crypto