Ethena Labs TLDR USDe aims to maintain its dollar peg through delta-hedging, shorting ETH derivatives to offset volatility. This approach appears to differentiate it from failed algorithms like UST. Already,…
Ethereum TLDR Most notably, an Ethereum whale has gone on a massive buying spree, snapping up over 50,000 ETH worth $145 million from exchanges since February 8. This strong display…
The price of the flagship cryptocurrency Bitcoin ($BTC) has been surging exponentially over the last few months to the point it has recently surpassed the $50,000 mark for the first…
Key InsightsThe Graffio communal art creation event brought 605,000 unique addresses and 1.3 million transactions in a 24-hour period. Community members drew on a communal digital canvas, receiving an NFT…
Coinbase announced its Q4 2023 result yesterday. As we had estimated, it posted a massive beat over consensus analyst expectations. The huge beat was led by growth in retail trading…
Key InsightsROVI Network accounted for 99.7% of Boba BNB transactions, with 9 million transactions in Q4. ROVI Network is a “super app” that facilitates messaging, payments, and gaming.DeFi TVL increased…
The House Financial Services ("HFS") subcommittee on digital assets explored ways to combat illicit activity involving crypto, covering the lack of AML/CFT controls at offshore exchanges, mixers, and DeFi. Overall,…
