Kaiko
Binance.US Weekly Trading Volume Declines Amid Growing Regulatory Pressure
The weekly trading volume of Binance.US, the American wing of the world's largest cryptocurrency exchange, has fallen from a yearly high of nearly $5 billion to just $40 million, according to Kaiko data. This comes as global regulators scrutinize Binance and other centralized exchanges. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Crypto Liquidity Heavily Concentrated on Handful of Exchanges: Kaiko Data
Liquidity, as measured by trade volume and market depth, appears to be heavily concentrated on just a handful of platforms, according to Kaiko data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Breaking Down Huobi and Binance's Market Share
According to Kaiko data, Huobi’s market share has surged from 2-3% to 19% in just a couple of months. In the same time period, trade volume on the platform has seen a significant increase, despite rumors of insolvency and executive detentions sparking outflows at the beginning of August. Meantime, Binance losing some market share as it faces a lawsuit from the SEC. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Bitcoin Average Trade Size Jumps to Highest Level Since June After Grayscale Ruling
The increase in average trade size could suggest large traders are more active, said research firm Kaiko.
Bitcoin Briefly Breaks Above $28K After Grayscale's Court Win Over SEC
Bitcoin (BTC) topped $28,000 before retreating slightly after a federal appeals court ruled that the SEC must review its rejection of Grayscale Investments' attempt to convert its GBTC into an ETF. Kaiko Director of Research Clara Medalie discusses the potential factors moving bitcoin's price higher and the impact of Grayscale's court win. Grayscale and CoinDesk are both owned by Digital Currency Group (DCG).
Dissecting the Tether Imbalance on Curve and Uniswap
Kaiko says Curve’s 3pool and Uniswap V3’s main USDT-USDC pool both became imbalanced late last week, as USDT selling escalated. However, the research firm points out the trend actually started in mid-July, well before the Curve exploit. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Curve Finance Token Falls 20% in Past Week After Major Exploit
Curve Finance's native token CRV has declined roughly 20% in the past week. This comes as Kaiko releases new research since the DeFi exploit that put more than $100 million worth of crypto at risk. Kaiko research analyst Riyad Carey discusses the latest report.
How the Curve Finance Exploit Is Impacting CRV Token
Kaiko research analyst Riyad Carey discusses his crypto markets analysis as Curve Finance's native token CRV has fallen nearly 20% in the past week after the protocol fell victim to an exploit over the weekend.
Altcoin Dominance Touches 4-Month High: Kaiko
According to Kaiko, bitcoin dominance has fallen since Ripple's partial court victory against the SEC. BTC dominance across the top 25 centralized exchanges is currently at 27%, which is the lowest level since April. CoinDesk's Jennifer Sanasie explains why this is causing the altcoin markets to rally in "Chart of the Day."
Crypto Markets ‘Highly Dependent’ on Stablecoins Lacking Transparency, TUSD Poses Risk: Kaiko
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
