Research Hub
The Hyperliquid Tape — An On-Chain Timing Study
A minute-by-minute reconstruction of the trades around Trump’s August 19 White House crypto speech, built from the live Hyperliquid API, the public blockchain, and purchased OPRA options records. HYPE broke at 19:11 UTC on 93× volume — but the viral “insider whale” stories dissolve under testing: the flagged wallets demote on their own histories, the asset Trump named moved least, and nobody sniped the minute. The one legally reachable lead is a dormant PURR Nasdaq call line bought up hours before the remark and held.
Onchain Note No. 2 — Anatomy of a Drawdown: What Resolution Reveals
Follows the December 2025 → June 2026 drawdown through PULP’s resolved, entity-classified ledger. Ethereum’s headline +6.2M ETH of “whale buying” decomposes into genuine large holders selling −4.78M while the staking queue absorbed +11.18M; Bitcoin’s whale signal refuses to resolve a direction at all, spanning roughly 420,000 BTC across constructions. What survives is convergent long-term-holder capitulation on both chains — with corrections shown, not smoothed.
Research Note No. 1 — Most “Selling” On-Chain Isn’t Selling
First note from PULP’s per-lot, cross-chain cost-basis ledger. Classifying all 3.82 billion Bitcoin outputs shows at least 50.2% of apparent on-chain “selling” by value is non-economic change that never changed hands — roughly 74% in recent eras — while Ethereum’s equivalent blind spot peaks near 10%. Also maps the cost-basis terrain of both chains on a shared break-even axis and stress-tests the 155-day holder threshold, which turns out to mark nothing robust.
Digital Asset Market CLARITY Act: Comprehensive Analysis and Outlook
In-depth analysis of the Digital Asset Market CLARITY Act (H.R. 3633), a landmark bill defining U.S. crypto regulation. Examines asset classification, market structure reforms, stablecoin rules, political dynamics, and implications for investors. Compares U.S. approach to EU MiCA and Asian regulatory frameworks, providing strategic insights for navigating the new regulatory landscape.
Geopolitical Noise vs. Market Signals: Fed Indictment Drama, Venezuela Conflict, and the Greenland Tariff Gambit
Analysis of three major geopolitical events and their true market implications. Examines how the DOJ vs. Fed clash masks monetary signals, how the Venezuela conflict defends the dollar-based system, and how Trump's tariff playbook creates trading opportunities. Provides investment strategies for navigating the transition to a new financial order.
World Computer & Global Brain: ICP, Bittensor and the Future of Decentralized AI
Deep dive into Internet Computer (ICP) and Bittensor (TAO), two leading projects at the intersection of blockchain and AI. Analyzes ICP's decentralized cloud infrastructure for AI applications and Bittensor's decentralized AI training marketplace, examining technical architecture, tokenomics, investment viability, and the broader decentralized AI landscape.
Ondo Finance (ONDO): Bridging TradFi and DeFi with Tokenized Assets
Comprehensive analysis of Ondo Finance, a leader in tokenized real-world assets (RWAs). Examines Ondo's business model, products (USDY, OUSG, Flux Finance), strategic partnerships with JPMorgan, State Street, and BlackRock, investment viability of the ONDO token, and short-, medium-, and long-term price outlooks.
Canton Network and Institutional Blockchains: A Comprehensive Analysis
Deep dive into the Canton Network, a blockchain platform designed for regulated institutions. Compares Canton to Ripple, Stellar, R3 Corda, and other enterprise platforms, examining permissioned vs. permissionless design, adoption by banks, investment opportunities via Canton Coin, and regional adoption patterns, especially in the U.S.
The Global AI Market: State, Strategies, and Opportunities
In-depth evaluation of the AI market's current state, examining the "AI money loop" between major players, assessing whether we're in an investment bubble, and projecting short-, medium-, and long-term trends. Identifies strategic investment opportunities across public equities, private ventures, and digital assets.
Outlook for Velo ($VELO): The Next Bull Run and Beyond
Comprehensive analysis of Velo's price prospects in the upcoming bull run and beyond. Examines fundamental drivers including partnerships with Visa, BlackRock, CP Group, and Stellar, connections to Ripple and Jed McCaleb, and strategic positioning in Asia's cross-border payments market.
May 2025 Crypto Market Review
Comprehensive analysis of May 2025's crypto market dynamics, including Bitcoin's surge past $100K, regulatory shifts, sector spotlights, and macro tailwinds. Features detailed insights on Japanese bond market collapse, U.S. debt crisis, and emerging opportunities in DePIN, AI-crypto, and utility tokens.
Executive Analysis: Digital Money – TBAC Q2 2025
In-depth analysis of the U.S. Treasury's "Digital Money" paper, stablecoin macro trends, and the future of digital assets in the U.S. and globally.
Mid-May 2025 Crypto Market Update
Executive summary and in-depth analysis of the crypto market's key developments, sentiment, and macro trends for mid-May 2025.
April 2025 Newsletter
Institutional-Grade Insights, Analysis, and Trends in Digital Assets. Comprehensive review of April 2025's crypto market, regulatory updates, and adoption trends.
Research & Analysis
Market Analysis
Real-time analysis of market trends, volume patterns, and price movements across major cryptocurrencies and DeFi protocols.
- • Price prediction models
- • Volume analysis
- • Market sentiment tracking
- • Trend identification
Risk Assessment
Comprehensive risk analysis tools to evaluate market volatility, liquidity risks, and potential market manipulations.
- • Volatility metrics
- • Liquidity analysis
- • Risk scoring
- • Market manipulation detection
DeFi Analytics
In-depth analysis of DeFi protocols, including TVL, protocol health, and smart contract risk assessment.
- • Protocol health metrics
- • Smart contract analysis
- • TVL tracking
- • Yield farming opportunities
On-chain Analysis
Advanced blockchain data analysis to track whale movements, network health, and transaction patterns.
- • Whale tracking
- • Network metrics
- • Transaction analysis
- • Address clustering
Sentiment Analysis
AI-powered sentiment analysis of social media, news, and market chatter to gauge market sentiment.
- • Social media monitoring
- • News sentiment analysis
- • Market chatter analysis
- • Sentiment scoring
Research Reports
Comprehensive research reports on market trends, emerging technologies, and investment opportunities.
- • Weekly market reports
- • Technical analysis
- • Project deep dives
- • Investment theses