1/ Our latest Market Call recaps Q1 crypto performance, shares what to expect from next week’s Shapella upgrade, and provides an update on market flows and the latest happenings in DeFi... 🧵
2/ BTC was up 72% in Q1, outpacing the 51% rise in ETH. While the rise in BTC outpaced most altcoins, some China-themed tokens such as Conflux (CFX) exhibited eye-popping gains (CFX was up 1623%) on the back of the region’s perceived warming to crypto.
3/ Current options pricing indicates neutral sentiment in BTC, while ETH prices have remained resilient ahead of the Shapella upgrade, which is due to take place on April 12.
In the report linked below, we aim to go beyond the basics of NFTs and assess the current ecosystem, where things are headed, and how institutional investors can best approach the space. Some highlights... 🧵🧵🧵 (1/10)
As NFTs have entered mainstream consciousness over the past eighteen months, the cumulative sales volume processed across secondary marketplaces has risen roughly ten-fold to over US$60B. (2/10)
NFT collections with greater liquidity may provide investors with a higher level of downside protection in times of broader market turbulence and/or fluctuating demand for NFTs, relative to collections with lower liquidity. (3/10)
Our 2021 Year in Review covers the explosive growth of the crypto economy from an institutional lens, with insights on Bitcoin, Ethereum and other altcoin protocols vying for dominance. coinbase.com/prime/2021-yea…
We explore NFTs, DeFi, the long-awaited BTC ETF, the metaverse, and more.
Bitcoin (BTC) reached two important milestones in 2021. In February it crossed $1 trillion market cap. Then in October it passed $400 billion in realized capitalization.
The Graph has been referred to as the “Google of Blockchains” and it makes up a critical part of the crypto infrastructure necessary for DeFi applications and web 3.0 growth.
However, its fundamentals are somewhat tricky.
Measuring GRT supply is not strictly about issuance vs burn rates, but other considerations include how many tokens are being staked or delegated as well as the GRT being unlocked based on a preset release schedule.
Coinbase Custody offers staking support for our first asset, $XTZ from @tezos: ow.ly/nfIY50otrn2
We launched Coinbase Custody with a simple thesis: institutions need a regulated and trusted partner to help them store their crypto assets. That approach has helped us scale to more than 60 clients and $600 million in assets under custody.
Today we’re taking the next step of our journey — from helping our customers store their assets to enabling them to actively, safely and easily participate in crypto networks.