The U.S. is publishing macro data on blockchains. The Philippines may go further by placing its budget on the blockchain and proposing a national Bitcoin reserve. Trending topics also cover capital-raising efforts in SOL DATs. k33.com/research/artic…

The fear of Q1 is now a reality, but no one really cares as markets trade at all-time highs. Will this all change once the impact starts to trickle into economic data in September? k33.com/research/artic…

Stripe and Paradigm launches a new blockchain optimized for real-world financial services. Public company BTC holdings surpass 1 million BTC while Nasdaq makes moves to cool the trend. In trending topics, we cover the Trump family’s double crypto launch. k33.com/research/artic…

Squeeze incoming? ETP flows are stagnant, spot volumes are at one-month lows, and CME open interest hovers near yearly lows. The outlier is found in perps, as notional open interest has reapproached yearly highs amidst the low volatility. k33.com/research/artic…

Strategy missed S&P 500 inclusion. CBOE aims to launch continuous crypto futures. Nasdaq backs Gemini pre-IPO, whereas Figure marked yet another massive crypto IPO. In trending topics, we cover the accelerated tokenization momentum. k33.com/research/artic…

BTC rose 3% last week on softer PPI, stable CPI, and labor data revisions, boosting FOMC cut hopes. Despite the uptrend, activity stays muted. ETF inflows hint at momentum, but mixed signals from high offshore leverage favor caution. k33.com/research/artic…

The Fed cuts rates, while the FCA moves toward full oversight of UK crypto firms. Binance seeks early release from DOJ oversight, and U.S. crypto execs rally behind an SBR bill. In trending topics, we cover the impending wave of fast-tracked crypto ETPs. k33.com/research/artic…

Bitcoin's quiet streak ended with a sharp Monday sell-off, dropping to two-week lows and triggering $285M in long liquidations, with altcoins hit harder as ETH perps saw nearly $490M liquidated. BTC’s post-liquidation bounce? Don’t count on it. k33.com/research/artic…

Tether eyes a $500B valuation as it reportedly seeks to raise $20B, while U.S. regulators investigate potential insider trading at DATs. In trending topics, nine eurozone banks unveil a joint stablecoin initiative to challenge USD’s 99.8% dominance. k33.com/research/artic…

The market structure remains stagnant. CME passivity, elevated leverage in perps as BTC consolidates. A potential partial U.S. government shutdown elevates uncertainty, while Asian banking holidays may soften market liquidity. k33.com/research/artic…

Vanguard eyes crypto ETF access, Lummis pushes tax exemption for small trades, and Kraken targets $20B valuation. In trending topics we cover CME’s plans 24/7 crypto futures, and how the U.S. shutdown stalls altcoin ETF approvals. k33.com/research/artic…

While BTC shows signs of short-term overheating, the structural backdrop is radically different from prior cycles. The classic 4-year halving cycle playbook no longer applies in a world where institutional adoption has evolved from dreams into reality. k33.com/research/artic…

S&P Global to launch hybrid crypto index; 60% of institutional investors plan to boost crypto exposure, says State Street. BNY explores tokenized deposits. In trending topics, we cover Morgan Stanley’s Crypto Asset Allocation Framework. k33.com/research/artic…

Record liquidation, record notional OI contraction. Typically, stagnation follows destabilizing events such as this crash. Nonetheless, with leverage rinsed, we are constructively bullish, favoring BTC spot accumulation in the weeks ahead. k33.com/research/artic…

Binance faces scrutiny after Friday’s crypto crash. A bill follows Trump’s 401(k) EO. Morgan Stanley allows clients crypto fund access after its GIC paper. Trending: U.S. government seizes 127,271 BTC. k33.com/research/artic…

Conditions are ripe for being contrarian. BTC trades near 4-month lows, and the persistent (and aggressive) bearish bias does not reflect its strong fundamental backdrop. Hence, we favor buying the blood. k33.com/research/artic…

President Trump pardons CZ. T.Rowe Price to launch actively managed crypto ETF. FalconX to acquire 21Shares. In trending topics we summarize key insights from Chainalysis’ Geography of Crypto Report. k33.com/research/artic…

Bitcoin recovers to its monthly open. With notional OI down 11.6% MTD following the October 10 crash and strong medium-term tailwinds, we reiterate our bullish outlook while we prepare for a volatile mid-week. k33.com/research/artic…

Fed cuts rates by 25 bps. SOL ETFs launch solidly despite weak markets. Coinbase posts strong Q3. In trending topics we highlight the October surge of crypto-related tier-1 bank moves, a sharp contrast to recent lackluster market performance. k33.com/research/artic…

BTC is near an important support level, and the derivatives regime is in a structure typically associated with critical inflection points, mirroring all global market bottoms over the past few years, as well as the early bear market formations from 2021. k33.com/research/artic…