News
Fidelity has submitted a Form S-1 to the SEC for a proposed spot Ethereum ETF, which notably includes a staking feature, as revealed in SEC filings. Bloomberg analyst James Seyffart expressed his belief that this current series of applications for spot Ethereum ETFs will likely face rejection in May. Link
Bloomberg reports that Jihan Wu's cryptocurrency mining firm, Bitdeer, is in discussions with private credit firms to secure a financing deal worth $100 million. The funds are intended to enhance its Bitcoin mining operations. Bitdeer has recently launched its newest chips and mining equipment, aiming to rival Bitmain's Whatsminer. Link
Vitalik Buterin recently proposed an article suggesting the extension of anti-correlation incentives to cover more routine failures, such as missed attestations. He highlighted that penalising correlations could be an effective strategy for fostering better decentralisation within a protocol. The challenge lies in devising an optimal reward/penalty structure that minimises the significant advantage larger validators have over smaller ones. Link
QCP has observed a steady interest in Bitcoin call options with strike prices above $100,000, extending to December, alongside significant purchases of Ethereum put options around the $2,800 level for April, with volumes up to approximately 20,000 ETH. This activity has shifted ETH risk reversals to -5% on the downside, a movement that previously indicated an upcoming dip. The options market is currently demonstrating a structural bullishness towards BTC, while exhibiting apprehension regarding ETH's potential decline. Link
Projects
Slowmist - Reports that Munchables suffered a theft of $62.5 million, with an investigation by Zachxbt attributing the breach to a core developer who was identified as a North Korean hacker. This marks at least the second instance of a DeFi project falling victim to a similar scheme. In these cases, the core developers, while operating under a guise, managed to earn the trust of their teams over an extended period before commencing their fraudulent activities. The funds have since been retrieved. Link
APT - Supervillain Idle RPG is released today. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Fidelity has submitted a Form S-1 to the SEC for a proposed spot Ethereum ETF, which notably includes a staking feature, as revealed in SEC filings. Bloomberg analyst James Seyffart expressed his belief that this current series of applications for spot Ethereum ETFs will likely face rejection in May. Link
Bloomberg reports that Jihan Wu's cryptocurrency mining firm, Bitdeer, is in discussions with private credit firms to secure a financing deal worth $100 million. The funds are intended to enhance its Bitcoin mining operations. Bitdeer has recently launched its newest chips and mining equipment, aiming to rival Bitmain's Whatsminer. Link
Vitalik Buterin recently proposed an article suggesting the extension of anti-correlation incentives to cover more routine failures, such as missed attestations. He highlighted that penalising correlations could be an effective strategy for fostering better decentralisation within a protocol. The challenge lies in devising an optimal reward/penalty structure that minimises the significant advantage larger validators have over smaller ones. Link
QCP has observed a steady interest in Bitcoin call options with strike prices above $100,000, extending to December, alongside significant purchases of Ethereum put options around the $2,800 level for April, with volumes up to approximately 20,000 ETH. This activity has shifted ETH risk reversals to -5% on the downside, a movement that previously indicated an upcoming dip. The options market is currently demonstrating a structural bullishness towards BTC, while exhibiting apprehension regarding ETH's potential decline. Link
Projects
Slowmist - Reports that Munchables suffered a theft of $62.5 million, with an investigation by Zachxbt attributing the breach to a core developer who was identified as a North Korean hacker. This marks at least the second instance of a DeFi project falling victim to a similar scheme. In these cases, the core developers, while operating under a guise, managed to earn the trust of their teams over an extended period before commencing their fraudulent activities. The funds have since been retrieved. Link
APT - Supervillain Idle RPG is released today. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
News
Fidelity has submitted a Form S-1 to the SEC for a proposed spot Ethereum ETF, which notably includes a staking feature, as revealed in SEC filings. Bloomberg analyst James Seyffart expressed his belief that this current series of applications for spot Ethereum ETFs will likely face rejection in May. Link
Bloomberg reports that Jihan Wu's cryptocurrency mining firm, Bitdeer, is in discussions with private credit firms to secure a financing deal worth $100 million. The funds are intended to enhance its Bitcoin mining operations. Bitdeer has recently launched its newest chips and mining equipment, aiming to rival Bitmain's Whatsminer. Link
Vitalik Buterin recently proposed an article suggesting the extension of anti-correlation incentives to cover more routine failures, such as missed attestations. He highlighted that penalising correlations could be an effective strategy for fostering better decentralisation within a protocol. The challenge lies in devising an optimal reward/penalty structure that minimises the significant advantage larger validators have over smaller ones. Link
QCP has observed a steady interest in Bitcoin call options with strike prices above $100,000, extending to December, alongside significant purchases of Ethereum put options around the $2,800 level for April, with volumes up to approximately 20,000 ETH. This activity has shifted ETH risk reversals to -5% on the downside, a movement that previously indicated an upcoming dip. The options market is currently demonstrating a structural bullishness towards BTC, while exhibiting apprehension regarding ETH's potential decline. Link
Projects
Slowmist - Reports that Munchables suffered a theft of $62.5 million, with an investigation by Zachxbt attributing the breach to a core developer who was identified as a North Korean hacker. This marks at least the second instance of a DeFi project falling victim to a similar scheme. In these cases, the core developers, while operating under a guise, managed to earn the trust of their teams over an extended period before commencing their fraudulent activities. The funds have since been retrieved. Link
APT - Supervillain Idle RPG is released today. Link
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
