Digital Asset Snapshot: ETF Outflows, Funding Extremes, & Liquidity Stress April Core PCE came in cooler at 0.2% MoM (3.3% annual, in line), but Q1 GDP was revised down to 1.6%, and US-Iran geopolitical escalation drove a broad risk-off bid. BTC fell -4.7% to $73.7K, ETH at $2.0K sits near a 90-day low, and US spot Bitcoin ETFs marked a 9-day outflow streak (the longest since launch in January 2024). Funding stayed elevated across BTC (94th percentile), ETH (98th), and SOL (94th), with longs paying carry into falling spot. Last week's regime-change conditions did not confirm; the inflection reversed.
Kaiko Acquires Amberdata in Landmark Digital Asset Data Consolidation Kaiko's acquisition of Amberdata creates the only regulated and independent data and analytics, indices, and data infrastructure company for digital assets, as they scale from crypto to all tokenized assets and become central to the financial system.
The Smile: Why Crypto's Skew Tells a Story Equity Markets Never Will How to Read Risk Reversal, Butterfly, and the Structural Sign of the Vol Surface