With the recent faltering of crypto markets, we’ve seen lenders and funds throughout the world start to buckle and break under the pressure of poorly managed risk. Large, over-leveraged firms have not only been massively liquidated, but they have endangered the survival of other associated firms within their orbit. As a consequence, lending markets, one […]
Press reports emerging this morning from China, however, could portend increased headwinds and volatility for digital assets markets in the near term. BTC and ETH options skews in the derivative markets show that longer-dated options are favoring bullish price action as call buyers pay a premium to go long in the December 2021 and March […]
Originally formed as a trading vehicle to preserve and grow its partners’ crypto holdings, Two Prime celebrated its one-year trading anniversary in May 2021. Having matured into a fully-fledged digital asset management company with sophisticated trading operations and differentiated fund products, Two Prime has produced an enviable track record of alpha generation and benchmark outperformance. […]
Ethereum: London calling, layer two scaling, and DeFi According to a July 6th Github post by Tim Beiko, Ethereum core developers have proposed block 12,965,000 for the London Mainnet upgrade, corresponding to between 13:00 UTC and 17:00 UTC on August 4, 2021. On Friday July 9th the Ethereum Foundation will provide an update on the […]
On June 9th, 2021, the government of El Salvador adopted legislation officially recognizing bitcoin as legal tender. Nearly twenty years (plus one global financial crisis and one global pandemic) later, El Salvador is embracing bitcoin and opening its doors to the global bitcoin community. With the passage of the Ley Bitcoin (Bitcoin Law) El Salvador […]
This content adapted from Two Prime Digital Assets’ April 27, 2021 report, “The Rise of Institutional Ethereum Investors,” available for free download here. For daily and weekly reportage and analysis of this fast-changing landscape, visit Two Prime Insights. Neither Ethereum’s highs nor lows so far in 2021 have necessarily been huge surprises to Two Prime […]
Ethereum On-Chain Data Hints at Institutional Adoption This content adapted from Two Prime Digital Assets’ April 27, 2021 report, “The Rise of Institutional Ethereum Investors,” available for free download here. There has been a lot of incredible news about Ethereum’s price since we first delivered our April 27 talk. Up to that point, we had […]
BTC Futures Slip Into Backwardation. Two Prime’s CIO, Nathan Cox, was featured in CoinDesk after BTC futures on the Chicago-based CME exchange slipped into backwardation for a few days. “Backwardation” is a condition sometimes observed in commodities markets where prices on near-month contracts exceed those for further-out delivery dates. Cox said, “BTC’s backwardation does […]
Everyone is suddenly wondering if the bull cycle is over after a series of erratic Elon Musk tweets that sent the markets into sheer panic. Bitcoin pulled back a whopping 35%, and the greater crypto markets as a whole are down. Does Elon Musk really have that much power over the markets, or was there […]
This content adapted from Two Prime Digital Assets’ April 27, 2021 report, “The Rise of Institutional Ethereum Investors,” available for free download. Ethereum’s developer network dwarfs Bitcoins. This is laying the groundwork for the new wave of digital investment tools that are attracting traditional institutional investors who wouldn’t have given digital assets a second thought […]