Forwarded from Wu Blockchain News
Kaiko: 72% of ETH market depth exists on just 5 exchanges: Binance, Bitfinex, OKX, Coinbase and Kraken. All other exchanges (41) account for just 28% of market depth. Global exchanges are benefiting from the US regulatory crackdown. — link
The correlation between BTC and Chinese equities (CSI 300) has strengthened this year, although it remains relatively low at 20%. The regulatory and economic reopening in China is increasingly influencing crypto market sentiment. Interestingly, the correlation between BTC and US equity markets has decreased, reaching a multi-year low in April.
The correlation between BTC and Chinese equities (CSI 300) has strengthened this year, although it remains relatively low at 20%. The regulatory and economic reopening in China is increasingly influencing crypto market sentiment. Interestingly, the correlation between BTC and US equity markets has decreased, reaching a multi-year low in April.
pros and cons of using DAU/MAU
https://andrewchen.com/dau-mau-is-an-important-metric-but-heres-where-it-fails/
#reads
https://andrewchen.com/dau-mau-is-an-important-metric-but-heres-where-it-fails/
#reads
Forwarded from infinityhedge
Winklevoss Twins Attempt Pivot After Gemini Loses Money and Employees
- The exchange has lost market share to its rivals, and its trading volume has declined.
- The Winklevoss twins have lent Gemini $100 million to keep the company afloat, but it is unclear how long they will be able to sustain the exchange.
Insights -
* Gemini's market share has fallen from 5% in 2017 to 0.12% in April 2023.
* Gemini's trading volume has declined by 46% in the first four months of 2023.
* Gemini's banking partner, JPMorgan Chase, has told the company to find another bank partner.
* The Winklevoss twins have lent Gemini $100 million to keep the company afloat.
* The future of Gemini is uncertain, but the Winklevoss twins remain committed to the company.
Full report in comment section 👇
[@infinityhedge]
- The exchange has lost market share to its rivals, and its trading volume has declined.
- The Winklevoss twins have lent Gemini $100 million to keep the company afloat, but it is unclear how long they will be able to sustain the exchange.
Insights -
* Gemini's market share has fallen from 5% in 2017 to 0.12% in April 2023.
* Gemini's trading volume has declined by 46% in the first four months of 2023.
* Gemini's banking partner, JPMorgan Chase, has told the company to find another bank partner.
* The Winklevoss twins have lent Gemini $100 million to keep the company afloat.
* The future of Gemini is uncertain, but the Winklevoss twins remain committed to the company.
Full report in comment section 👇
[@infinityhedge]
another liquid staking narrative stablecoin coming soon 🤔
https://twitter.com/PrismaFi/status/1663545808086794243?s=20
https://twitter.com/PrismaFi/status/1663545808086794243?s=20
X (formerly Twitter)
Prisma Finance (@PrismaFi) on X
The end game for liquid staking tokens. A non-custodial and decentralized Ethereum LST-backed stablecoin.
Soon.
Soon.
wrote up on Level Finance
a fast growing perp dex on BNB chain
https://medium.com/@dpycm/level-finance-85bd58c96e78
a fast growing perp dex on BNB chain
https://medium.com/@dpycm/level-finance-85bd58c96e78
Medium
Level Finance
The fast-growing Perp DEX on BNB Chain
👍1
read both threads on Lybra
https://twitter.com/lybraintern/status/1663411138225377283?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
https://twitter.com/lybraintern/status/1663411138225377283?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
Twitter
I do love a good debate with my morning cup of joe ☕️
Intern waking up with the world's worst headache, so do bear with me if any impolite French slips into the following context 😏
I don't blame you for tagging the wrong acc, easy mistake, damn those impersonators…
Intern waking up with the world's worst headache, so do bear with me if any impolite French slips into the following context 😏
I don't blame you for tagging the wrong acc, easy mistake, damn those impersonators…
token analysis framework
#reads
https://twitter.com/flip_research/status/1663512122188513281?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
#reads
https://twitter.com/flip_research/status/1663512122188513281?s=21&t=c4I-ijVgLwvNx3zQ78Tndw
Crypto Mumbles
another liquid staking narrative stablecoin coming soon 🤔 https://twitter.com/PrismaFi/status/1663545808086794243?s=20
mirror.xyz
Prisma Finance, The end game for liquid staking Tokens
Prisma is a new DeFi primitive focused on unlocking the full potential of Ethereum liquid staking tokens (LSTs).