Cryptos

The correlation between Bitcoin (BTC) and Ethereum (ETH)

The correlation between Bitcoin (BTC) and Ethereum (ETH) is structurally high and stable, typically ranging between +0.80 and +0.90 across…

2 months ago

The correlation between Bitcoin and physical gold (XAU/USD)

The correlation between Bitcoin and physical gold (XAU/USD) remains weak and unstable over the long term, making them an excellent…

2 months ago

BTC, Liquidity Pools, Institutional Flows, and Sharpe Ratios

1. Liquidity Pools include: Binance spot ($5-10B daily), Coinbase spot ($1-3B), perpetuals from Binance, Bybit, OKX ($20-40B), CME Futures ($2-5B),…

2 months ago

Structural risk of private banking blockchains on Bitcoin and the crypto ecosystem

https://www.steelldy-indices.com JPMorgan's note from July 9, 2026 identifies a structural threat to Bitcoin and public cryptocurrencies: the rapid expansion of…

2 months ago

Risk of reclassification of Data Tokens as securities. Switzerland (FINMA) and Liechtenstein (TVTG)

https://scoregex.streamlit.app Swiss FINMA classifies tokens into three categories: payment tokens, utility tokens, and asset tokens. A utility Data Token that…

2 months ago

BTC Price and 60 kUSD Breakout

Bitcoin price recently traded between 58-64 kUSD, with a low of ~58.5 kUSD on July 1 and recovery above 60-63…

3 months ago

Analysis of the Exclusion of CCTs from the Substance-Based Carve-Out

1.1 Economic and Legal Basis for the Exclusion of Intangible Assets The concept of the "substance trap," formalized by STEELDY…

3 months ago

Bearish or Rebound? The Key Metrics Behind a 34% Rise in Crypto Market Recovery Risk

As of July 2, 2026, the |...| strategy started in May remains valid, with all four assets declining. Current returns…

3 months ago

Formalization, calibration, and integration of PII 1.0 into a risk framework for stablecoin transparency, per BIS June 23, 2026 alert

The press release from the Bank for International Settlements (BIS) acknowledges that the transparency of stablecoin ledgers exposes bank positions…

3 months ago

Navigating the Nuances: Synthetic Carbon Credits and Their Hidden Dangers

Synthetic carbon credit tokens provide derivative exposure to carbon markets (e.g., ICE EUA, voluntary indices) via futures, total return swaps,…

3 months ago