Research & Insights

Opinions, Commentary, Case-study

Gain in-depth insights into crypto markets, emerging trends, and real-time data to make informed decisions in a rapidly evolving digital economy.

Current State of Macro and Markets: DATs, Market Distress, 10/10 Liquidation Cascades & the Absent Marginal Buyer

An extension to Corporate Treasury Adoption of Digital Assets (Aug 2025). This paper examines the current macro landscape, digital asset treasury dynamics, market distress signals, liquidation cascades, and the absence of the marginal buyer.

Feb 23, 2026

Case Studies: XPL and WLFI Liquidations on Hyperps

In the lead-up to major listings, there has been growing market interest in using pre-market derivatives for position hedging, particularly around names like Plasma (XPL) and World Liberty Financial (WLFI). Investors, qualified airdrop holders and speculators build demand for short positions in these instruments. While these strategies can be effective, they also introduce complexities that aren’t always obvious at first glance.

Sep 19, 2025

Corporate Treasury Adoption of Digital Assets: Financing Strategies, Market Reactions, and Advisor Incentives

Since MicroStrategy’s pioneering move in 2020 to adopt Bitcoin as a corporate treasury asset, listed firms across various sectors have explored similar strategies. This paper examines the financing mechanisms companies employ to acquire digital assets, the equity market’s reaction to such announcements, and the role of external advisors in shaping outcomes.

Aug 22, 2025

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