Summer heats up
As we approach the end of summer, crypto market activity is heating up. Volumes across spot and derivatives markets have remained robust, and a host of new launches is shaking up the DeFi world and the onchain ecosystem. Below, we examine these trends in detail, look at inflation across leading tokens, and explain what investors often get wrong.
Token inflation is a key metric to follow when investing in cryptocurrencies, but it is often misunderstood. In a new research piece, we take a deep dive into the inflation dynamics of BTC, ETH, and SOL and explain why we think that a simple comparison of headline inflation numbers misses the forest for the trees.
In this week’s Market Call, we look at some of the biggest stories and new launches in DeFi, and we break down why BTC and ETH ETF flows have been moving in opposite directions lately.
As crypto markets continue to mature, even the summer doldrums aren’t so dull anymore. In our latest Weekly Commentary we take a look at the pickup in liquidity compared to past summers and consider what a slowing labor market could mean for Fed policy and risk assets.