Crypto Brief – March 8th 2021
News
Goldman Digital Assets Head Sees Big Institutional #Crypto Demand – Bloomberg
*Bank’s survey shows 40% of its clients have crypto exposure.https://t.co/yhAfqoI0Q4— Christophe Barraud (@C_Barraud) March 8, 2021
.@Cardano is one of the top ten cryptocurrencies on CoinMarketCap — what's the deal behind this peer-reviewed crypto?#Crypto #Cryptocurrency #Altcoin #Cardano #ADA $ADA https://t.co/kMxQatXabN
— CoinMarketCap (@CoinMarketCap) March 8, 2021
Ether has outperformed Bitcoin in the past year. Now we're about to see a reduction in supply. https://t.co/qXSzIX1nm8
— Bloomberg Crypto (@crypto) March 7, 2021
Charts
CryptoKitties are seeing a resurgence in activity.
Track CryptoKitties and NFTs stats for free on The Block's data dashboardhttps://t.co/9MuJ95WGTC pic.twitter.com/KzTUJhWLsZ
— The Block (@TheBlock__) March 8, 2021
This timeline from @KaikoData’s latest monthly report shows how regulated crypto investment products are proliferating and growing. Given the levels of demand, it’s likely that the rhythm of announcements continues to intensify.https://t.co/pTMOKo5QWT pic.twitter.com/h1d2DdSKCG
— CoinDesk Research (@CoinDeskData) March 6, 2021
Total value locked on the top 12 DeFi apps on Ethereum is up 160% YTD, with the highest % growth by far on Bancor (>+1000%), followed by Curve Finance (+275%). Even the lowest % growth of the 12 was > 110%. (Chart from @skewdotcom.) pic.twitter.com/AeNg7kGAS5
— CoinDesk Research (@CoinDeskData) March 8, 2021
Analysis
BTC is the only asset traded on markets with a truly hard supply limit. Its cap of 21 million units is hard-coded and would be impossible to change without consensus from all network participants. Read more about BTC's store of value narrative @CoinDesk. https://t.co/LToS3DCOwC pic.twitter.com/D0op1o4Um3
— CoinDesk Research (@CoinDeskData) March 5, 2021
According to @CryptoCompare’s latest Digital Asset Management report, total AUM across all crypto ETPs has increased 50% to $43.9bn since mid-Jan (as of 23rd Feb), a lower increase than January’s 95%.https://t.co/Jo3biCHAce pic.twitter.com/UhZrvoEY4Y
— CoinDesk Research (@CoinDeskData) March 7, 2021
According to its latest report on our Research Hub, @CryptoFResearch found that over half of crypto funds are based in North America, with less than 20% in Europe. 35% are domiciled (not necessarily based) in the Cayman Islands.https://t.co/aPlwjooMZs pic.twitter.com/gqvO5XzgVe
— CoinDesk Research (@CoinDeskData) March 7, 2021
In its latest monthly report, @KaikoData shares trading data for the crash in the BTC price on Feb 22 – as you can see, liquidity totally dried up.https://t.co/pRUw3RMhOj pic.twitter.com/5FLg6NBkx8
— CoinDesk Research (@CoinDeskData) March 8, 2021
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