Archive

Crypto Liquidity Rewritten: How Capital Moved in 2025 and Where It’s Headed in 2026

As 2026 unfolds, the next phase of liquidity looks less speculative and more macro-driven, with U.S. dollar conditions, balance sheet expansion, and derivatives markets set to play a decisive role. For investors, the opportunity is no longer about chasing beta, it is about positioning for where liquidity stays.

The Year Ahead 2026: Crypto Cues to Watch

As liquidity fades into the new year, even modest macro surprises could spark outsized moves in crypto markets. The key takeaway: expect volatility without direction in the near term, while the bigger forces shaping early 2026—monetary policy uncertainty, AI-driven risk sentiment, and trade-led inflation.

Delta-Neutral Arbitrage in Crypto: A Strategic Opportunity for Institutional Portfolios

BRN Digital Asset Outlook 2025 - H2

Six months after our January outlook, the digital asset landscape has evolved in ways that not only validate our initial projections but also introduce new dynamics reshaping the market. DeFi TVL hits new $223B all-time high while corporate Bitcoin holdings surge 50% YTD.

Comparative Analysis: Returns & Risks of Strategy Bond Offerings Across Bitcoin Price Scenarios

This research note presents a scenario-based comparative analysis of four key Strategy bond offerings—Convertible Senior Notes, STRK, STRF, and STRD preferred shares—designed to assist institutional investors in assessing returns and risk exposures under varying Bitcoin price trajectories