Category: Macro

September by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

September by the numbers: A look at crypto exchange volumes, open interest, and miner revenue

Quick Take Most metrics continued to recover in September. Ethereum metrics generally exhibited a higher beta. Total adjusted on-chain volume increased by 33% to $691.7 billion. Stablecoin supply grew slightly by 6.6% to a new all-time high of $120.5 billion. Centralized exchange spot trading volumes increased by 13.6% to $1.247 trillion. This research piece is […]

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The Block Research January Analyst Call | Full Video

Each month The Block Research hosts an analyst call reviewing the most important topics from the month prior. You can register for future analyst calls here. This month Lars Hoffmann takes takes macro look at the month of January. Ryan Todd shares insights from MicroStrategy’s historic Bitcoin Summit, and Mika Honkasalo discusses his latest research, Cosmos IBC […]

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2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part III

2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part III

Quick Take The following is the final excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report. We examine both digital and traditional asset market performance, the labor market, real gross domestic product, monetary policy, and more economic data throughout the last three quarters of 2020.  This research piece is available […]

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2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part II

2020 Macro Overview: Traditional & Digital Asset Market Behavior, Part II

Quick Take The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report. We first break down the historic decline that traditional and digital asset markets experienced in Q1 2020.  Looking at the Treasury-EuroDollar rate (TED) spread, we show that credit risk in the economy reached its highest […]

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2020 Macro Overview: Traditional & Digital Asset Market Behavior

2020 Macro Overview: Traditional & Digital Asset Market Behavior

Quick Take The following is an excerpt from the ‘2020 Macro Overview’ section of the Block Research’s forthcoming year-end report. We provide evidence of Pre-Covid19 economic deterioration & financial system stress, arguing that the pandemic likely exacerbated a recession that was already on the horizon.  We also make the case that traditional financial system stress […]

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