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6 pieces

Research

Every post here is a measurement, not a take. The source API and the exact window are named at the bottom of each one. If you pull the same data and get something else, I want to hear about it.

research
0.29x vs 7.90xcovered call vs hold, 7 years

Covered calls on Bitcoin sell the only part that pays

Seven years of Binance daily bars, a monthly covered call simulated three ways. Buy and hold returns 7.90x. The friendliest version of the option strategy returns 0.29x.

optionsbacktestbitcoin
research
79%Ethereum + Tron share of all stablecoin float

Stablecoins are basically two chains

Ethereum and Tron hold 79% of all stablecoin float. Everything else, including the chains with the loudest conference slides, is fighting over a fifth of it.

stablecoinsonchain
research
5 yearshow long the relief lasts before it expires

What the tokenized stock exemption takes back

The SEC granted onchain equity venues a five-year pass on exchange registration. Read the conditions and the pass is a definition: a tokenized share has to be a share.

regulationtokenizationmarket-structure
research
30.6% → 2.82%annualized funding carry, 2021 vs 2026

Funding rate carry is mostly gone

Seven years of Binance BTCUSDT funding, every one of the 7,689 settlements. The trade paid 30.6% in 2021 and 2.82% in 2026.

fundingbacktestyield
research
49% vs 57%five-day bounce rate, FOMC vs ordinary

The FOMC reversal is a drop thing, not a Fed thing

93 scheduled decisions since 2015 against 3,452 days with no Fed meeting. Bitcoin bounces less after FOMC drops than after ordinary ones.

macrobacktestfomc
research
1.42%the part of the move that was actually the bill

What the CLARITY vote actually priced

Bitcoin fell 3.38% the night cloture failed. Almost none of it was the bill. The arithmetic closes to the decimal.

macroregulationattribution
news
DecryptBitcoin Bounces as Markets Brace for the Fed’s Next MoveThe BlockRegulators keep moving on crypto: CFTC follows SEC with developer-friendly no-action stanceDecryptFinancial Data Giant S&P Global Moves Deeper Into Crypto With OpenZeppelin DealCointelegraphBitcoin coils near $76.5K as US stocks rebound from Fed rate hikeCointelegraphZcash miner Fortitude taps former Hut 8 CEO to lead ahead of public listingThe Block‘There’s not enough blockspace’: Avalanche Treasury CEO says AI agents could crunch L1 blockchain capacityDecryptFCA Targets Three More London Sites Over Unregistered P2P Crypto TradingCoinDeskUK signals end of 'light-touch' era with multi-agency raid on peer-to-peer crypto hubsThe BlockWorld launches ‘World Money’ super app with stablecoins, Stripe integration and boosted rewardsCoinDeskU.S. SEC begins prepping for around-the-clock trading that crypto treats as the normCoinDeskCrypto for Advisors: Beyond bitcoin and etherDecryptSEC Clears a Path for Tokenized Stocks After Clarity Act StumblesCoinDeskClarity Act failure may hamper U.S. crypto as industry seeks legal clarity elsewhereDecryptWhat Is Arc? The Stablecoin Blockchain From USDC Issuer CircleCointelegraphOG.com cleared by SEC to offer single-stock futures, says Crypto.com CEOCointelegraphSEC grants temporary exemption for tokenized US stock tradingThe BlockS&P Global agrees to acquire OpenZeppelin in onchain security pushCointelegraphBitcoin treasury firms can outperform BTC... but is the risk worth taking?
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