Daily Report — Bitcoin holds steady, Zcash and Monero lead privacy comeback
Bitcoin holds at $63,971 with a slight 0.27 percent dip, while Ethereum turns green at $1,803, up 0.25 percent. Total crypto market capitalization stands at $2.28 trillion with a 24-hour volume of $50 billion. Macro overview — quiet Sunday on the battlefield Sunday crypto afternoon brings the typical weekend vibe — volatility is low, volumes … Read more
Market Maker — Who Provides Liquidity on Exchanges
A market maker is an entity (company or algorithm) that simultaneously offers to buy and sell the same coin, providing liquidity to the market. Without market makers, order books would be empty and trading nearly impossible. How They Work Market makers place both buy and sell orders on both sides of the order book. They … Read more
Impermanent Loss — The Silent Killer of DeFi Yields
Impermanent loss occurs when the price of a token in a liquidity pool deviates from its price on the open market. Called “impermanent” because the loss is temporary if prices return — but in practice it often becomes permanent. How It Happens You deposit 1 ETH and 1000 USDC into a pool. If ETH doubles … Read more
Slippage — The Trading Cost That Eats Your Profit
Slippage is the difference between the expected price of a trade and the actual price at which it executes. It occurs on all exchanges, but is more significant on DEXes and with less liquid tokens. Why It Happens When you submit a buy order, the price changes while the transaction travels to the blockchain. On … Read more
Liquidity Pools — How DEXes Work
A liquidity pool is a smart contract containing locked funds of two or more tokens. It’s the foundation of decentralized exchanges (DEXes) like Uniswap and Jupiter. How It Works Instead of matching buyers and sellers on an order book, a DEX uses a pool. For example, ETH and USDC in a 50:50 ratio. When someone … Read more
DEX vs CEX — Centralized vs Decentralized Exchanges Explained
CEX (centralized exchange) and DEX (decentralized exchange) are the two basic types of crypto trading platforms. The difference comes down to who controls your funds. CEX Examples: Binance, Coinbase, Kraken. A company runs the platform, keeps records, requires KYC. Faster, better liquidity, supports card purchases. Downside: you don’t hold your private keys. DEX Examples: Uniswap, … Read more
Pump and Dump — How to Spot Market Manipulation
A pump and dump scheme: a group artificially inflates a coin’s price, then sells their holdings at the peak, leaving late buyers with worthless tokens. Most common with meme coins, also happens on larger altcoins. How It Looks Accumulation — organizers quietly buy large amounts at low prices Pump — coordinated buying drives price up … Read more
Funding Rate — How Perpetual Futures Work
Funding rate is a mechanism on perpetual futures exchanges (Binance, Bybit) that keeps futures prices close to spot prices. Without it, futures prices would drift far from the actual coin price. How It Works Every few hours (usually every 8h), funds are exchanged between long and short positions: Positive funding — longs pay shorts (market … Read more