Summary
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Welcome to our institutional newsletter, Crypto Long & Short. This week:
- Regardless of which coin wins, infrastructure is the prevailing currency in digital assets, writes Caue Teixeira, CTO of Nonco.
- Using CoinDesk’s liquidation feed, Alen Pavlović of Liquibit Capital shows how early-June forced selling burned out near $68,000, days and nearly $9,000 above the actual low.
- Top headlines institutions should pay attention to by Helene Braun.
- “Backpack: Tokenized Equity DEX Volume Spikes, BP Price Responds in Step” in Chart of the Week.
-Alexandra Levis
Expert Insights
Prevailing Currency in Digital Assets: Infrastructure
– By Caue Teixeira, CTO, Nonco
For years, the digital assets industry has been dominated by debates over which cryptocurrency would emerge as the prevailing medium of exchange. Bitcoin, Ethereum, stablecoins, central bank digital currencies, and countless other innovations have each taken turns at the center of attention. Yet, as the market matures, a more crucial reality is becoming evident: regardless of which digital asset ultimately facilitates transactions, infrastructure is the true winner.
