Messari News Week (New Asset Profiles!)

big updates on our product, research & news, podcast, and more

Your daily snapshot from our OnChainFX markets dashboard.

It’s a big week for the Messari team, and we’re excited to kick things off by sharing a sneak peak of our new and improved asset profiles.

Our product and research teams have both been working tirelessly these past couple of months to convert the tremendous data we have in our research library into digestible, easily searchable, and best-in-class coverage reports on the top 100 assets and beyond.

The result is a library (and set of API fields!) that allow professionals to quickly review information regarding a given token’s:

  • Full history & taxonomy

  • Technical roadmaps & governance details

  • Key contributors & investors

  • Launch & funding details

  • Detailed supply analysis (vesting & monetary policies)

  • News, Research, and Blockfolio Signal Coverage

  • Exchange coverage and spot market deviation from VWAPs

  • DOWNLOADABLE HISTORICAL DATA

Go ahead and search for any of your favorite top assets, and check out the depth and dynamism we’ve added to our profiles.

We hope you like them, and discover a new go-to resource for your crypto research. We’re just getting started.

$CVC:

$DCR:

Seriously, check out your favorite asset by searching our full library, and let us know what you think! What else do you search for when doing asset research?

Otherwise, stay tuned for much more to come this week…

-TBI

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Messari Compression Algorithm

Content and thoughts from around the web as summarized by the Messari team.

🚀 After receiving approval from the New York Department of Financial Services (NYDFS), Bakkt announced today that it would officially launch Bakkt Warehouse, its institutional custody offering. Previously, the Bakkt Warehouse was only available to clients trading the Bakkt Bitcoin Futures contracts. Bakkt lists Pantera Capital, Galaxy Digital, and Tagomi among their first customers, with plans to onboard additional marquee names over the coming weeks.

Why it matters:

  • Bakkt posted its highest single-day trading volume ever on Friday, facilitating ~$15mm of in trades of its physically-settled monthly Bitcoin futures. Notably, the firm also recently rolled out a liquidity incentive program on Nov. 1, in an effort to boost volumes.

  • Bakkt Warehouse comes online in an increasingly competitive enterprise custody environment as businesses look to provide the critical institutional infrastructure that may help facilitate the next cryptocurrency bull run.

  • Bakkt is the only regulated provider of physically-settled Bitcoin futures. The launch of its qualified custodian helps further cement its place with traditional institutions.

📊 After announcing last month that it had filed to go public, Canaan is now set to debut on the Nasdaq stock exchange on November 20. Canaan's listing comes off the back of failed attempts to be listed on other stock exchanges in Hong Kong and mainland China. The company is looking to raise $400 million in its offering.

Why it matters:

  • The offering follows the Silvergate IPO last week, in which Silvergate successfully raised $40 million. Canann has the potential to be the first publicly listed crypto unicorn.

  • With the official date of the offering now in place, Canaan is set to beat rival Bitmain to the public markets. Bitmain confidentially filed for an IPO in October.

  • Notably, Galaxy Digital, Mike Novogratz’s crypto merchant bank, is a co-underwriter on the offering. In September, Galaxy Digital received its underwriter license from FINRA allowing it to act as an underwriter on public offerings of equity, debt, and other corporate securities in the U.S.Did I miss something?

Send me the link, your twitter handle and your best imitation compression algorithm write up. If I like it, I’ll include your bit next issue (with attribution).

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