< Back Deciphering Cryptocurrency Market Trends - May 2025 June 6th, 2025 Key Takeaways Rate-Shock + Liquidity Jitters: Long-bond auctions failed, pushing the 30-yr U.S. yield to 5.15 % and reminding markets that financing costs are repricing across every asset class. Hard-Asset Bid Continues: Bitcoin printed a new all-time high at $110 k while central-bank gold purchases hit a nine-year peak, underscoring the market’s search for non-sovereign stores of value. Regulation Mostly Tail-Wind: U.S. stable-coin legislation advanced in the Senate, Hong Kong approved a licensing regime, and consumer protections improved—offset only by an SEC timetable delay for several alt-coin ETFs. Institutional Rails Expanding: Apple opened iOS to external crypto payments; Visa, Stripe, Citi, and SIX all launched tokenisation or settlement pilots—accelerating real-world adoption. Volatility Is Opportunity: Elevated macro dispersion and policy cross-currents continue to reward nimble, actively managed crypto exposure. Market Overview May delivered a classic “risk-paradox.” Treasury stress and tariff worries initially pressured equities, yet Bitcoin’s new high and $5.7 B of spot-ETF inflows signalled persistent demand for scarce digital assets. ETH and top-tier alts outperformed on relative-strength rotations as BTC cooled to ~$104 k, while gold benefited from renewed stagflation chatter. Duration scarcity—fuelled by Japanese and Chinese selling—kept global fixed-income volatility elevated, creating fertile ground for cross-asset spread trades. Regulatory Developments Stable-Coin Bills: The Senate passed the STABLE Act (two-year ban on algorithmic coins). The House counters with the more permissive GENIUS Act , now under committee review. Consumer Protection: Coinbase’s decision to reimburse phishing-victim losses sets a constructive precedent for exchange-level insurance. Global Divergence: Hong Kong granted the first stable-coin licences, while the EU floated a 2027 ban on privacy coins—highlighting regional policy splits that agile capital can exploit. SEC Actions ETF Timetable: Decisions on spot SOL, XRP, ADA, DOGE, and LTC ETFs were pushed to 15 July . Option-implied volatility rose into the delay, then compressed—creating profitable “vol-crush” trades for active strategies. Ongoing Reviews: The Commission continues to scrutinise staking mechanics and custody segregation—key signals for structuring delta-neutral basis trades around future approvals. Institutional Moves Tokenisation Surge: Citi × SIX piloted on-chain private-share settlement; Visa and Stripe began routing USDC in Latin America, shrinking cross-border friction. Apple Effect: By allowing external crypto payments, Apple effectively enabled 1.2 B devices to transact on-chain, a structural demand tail-wind. Corporate Treasuries: Public companies now hold >800 k BTC ; newcomers added SOL and XRP to balance sheets, tightening float in multiple networks. Liquidity Firehose: Robinhood’s $179 M WonderFi purchase, WLFI’s USD1 racing to $2.1 B, and FTX’s $5 B stable-coin payout injected fresh trading capital across venues. Political Influence on Markets Tariff Pause & Threats: A 50 % EU levy is on 90-day hold, but new China duties loom—driving on-off risk sentiment swings. Pro-Crypto Congress: Roughly 59 % of U.S. lawmakers now voice pro-Bitcoin views, and VP JD Vance vowed to end “Choke Point 2.0,” signalling friendlier banking access for the sector. State-Level Momentum: Texas and New Hampshire advanced Bitcoin-reserve bills, hinting at persistent sovereign-style bid support. Macro and Global Liquidity U.S. net-interest outlays now rival defense spending, limiting fiscal flexibility. The Fed left policy unchanged for a third meeting, balancing softening growth (NFP +177 k) against sticky CPI (2.3 % y/y). Global QT is decelerating, yet China’s ¥382 B liquidity injection countered Western balance-sheet runoff, producing uneven monetary currents. Japan’s loss of its 34-year top-creditor status—and a 30-yr JGB yield at 3.19 %—further illustrates the rotation away from low-yield safe havens. Looking Ahead Event Grid: Next long-bond auctions (watch bid-cover ratios). 15 July SEC alt-ETF rulings—volatility window. • 30 August expiry of the EU tariff pause. Strategy Bias: Maintain short-duration cash equivalents, hold core BTC and gold, and tactically allocate to high-quality alts as momentum confirms. Active Edge: Dispersion across regions, assets, and regulatory regimes continues to create mis-pricings that disciplined crypto hedge-fund strategies are designed to capture—highlighting the relevance of professional active management in an increasingly segmented market. Stay in Touch Navigating the ever-changing landscape of digital assets can be a challenge. That's why we’ve created this newsletter to help bring clarity to the complexity. In addition to a monthly summary of the most important crypto news, we layer in insightful commentary from insiders and experts who understand the cryptocurrency market. If you’re interested in enhancing your understanding of this rapidly evolving space, we kindly suggest you follow us on LinkedIn. Stay one step ahead in the world of digital assets with us. You are also welcome to reach out to us at info@ckc.fund if you would like to know more. – The CKC.Fund Team info@ckc.fund This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," "intend," "outlook," "potential," or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back The New Normal - Deploy or Depreciate Kade Almendinger- June 13, 2023 Mid-Monthly Thought Piece [June 2023] Shifting Paradigms: Engagement or Erosion? The Hidden Costs of Ignoring Cryptocurrency Capital Deployment in an Inflationary World: Embracing Cryptocurrency Investment In an era marked by persistent inflation and market volatility, capital deployment strategies are paramount for safeguarding your wealth. Without proper investment, inflation can devalue your savings at an annual rate of 2-10%, or even more. For instance, a 6% average annual inflation could dwindle $100 million into less than $50 million worth of purchasing power in just over a decade. The path to wealth preservation in this high inflation environment necessitates astute investment, and not just within traditional avenues. Achieving a 7% return on investment (ROI), commonly accepted as favorable, is no longer sufficient in countries where inflation rates outstrip these returns. In 2022, for example, a 7% ROI merely broke even with the inflation rates in France, Canada, Spain, and the U.S, which stood at 6.2%, 6.9%, 7.3%, and 7.7% respectively. Some countries experienced double-digit inflation, with 28 exceeding an alarming 20%. Here, $100 million uninvested could lose half its value in just four years, starkly revealing the importance of diversification and astute investment strategies. At CKC.Fund , we prioritize wealth preservation, and our clients - high-net-worth individuals, family offices, wealth funds, and savvy investors - share this view. With expectations for returns in the range of 10-30% or more, these clients look to alternative asset classes that offer portfolio diversification and significant upside potential. We firmly advocate for the inclusion of cryptocurrency as part of this alternative asset allocation. In a high inflation environment, savvy capital deployment is the only way to preserve your wealth. The CKC.Fund Investment Approach: Diversification, Risk Mitigation and Asymmetric Upside An actively managed crypto allocation, we believe, augments the probability of attaining returns that outstrip the overall investment market. While the potential upside of cryptocurrency is substantial, we prefer a more conservative approach than many of our competitors. Through diversification and risk-mitigation strategies, our goal is to generate yields that maintain a significant degree of crypto's high-upside potential while minimizing the inherent volatility within the space. The potential of alternative assets, including cryptocurrency, real estate, and fine art, to deliver significant returns even in stagnant market conditions, plays a critical role in closing the investment performance gap. Currently, over 32% of family offices already have exposure to cryptocurrency, indicating its acceptance at the institutional investment level. We anticipate a significant uptick in the number of high-net-worth individuals and family offices initiating crypto exposure by 2025. Crypto assets, by their nature, offer asymmetric upside and growth potential. At CKC.Fund , we blend the principles of value investing, typical of traditional finance, with the high-return potential of cryptocurrency. We appraise the investment potential of a project by evaluating its use cases, past market performance, and the tokenomics involved. Crypto Investment: Harnessing DeFi and Volatility Our investment strategies also exploit yield generation within the decentralized finance (DeFi) realm. We generate yield through staking or node hosting services, and by employing strategies such as DeFi lending, DeFi borrowing arbitrage, and automated market making. These strategies prove invaluable across all market conditions, particularly during bearish and sideways markets. We recognize the ability of the crypto market's volatility to be harnessed as a strength. During periods of sideways volatility, we actively trade to accumulate crypto. This involves selling during price downturns, rebuying at the bottom, and selling again when prices begin trending downward, thereby accumulating additional crypto. Cryptocurrency: A Multipurpose Hedge In the current banking industry crisis, which threatens to wipe out trillions of dollars in global equity, many investors turn to hard assets for portfolio rebalancing. Assets such as real estate, precious metals, bitcoin (BTC), and other select crypto assets have gained favor. CKC.Fund firmly believes in the importance of these assets, especially during bearish and uncertain periods. A small crypto allocation can act as a form of wealth preservation insurance against economic catastrophes, including hyperinflation, stagflation, currency collapses, and stock market crashes. While the recommended crypto allocation can vary based on several factors such as age, risk tolerance, and investing goals, we suggest a baseline minimum of 1-2% for even ultra-high-net-worth individuals. Crypto's Unique Attributes as a Global Alternative Asset While the correlation of crypto assets to global macroeconomic events is a contentious topic, at CKC.Fund , we believe crypto shows a lower correlation than other asset classes, backed by data. In terms of portfolio diversification, we consider cryptocurrency to play a crucial role within an alternative asset allocation. One of the major advantages of cryptocurrency as an alternative asset is its borderless nature, allowing global participation and avoiding location-specific issues that might affect assets such as real estate. Embracing Crypto Investment: The Forward-Looking Approach Crypto investment is no longer a fringe alternative asset class. At CKC.Fund , we encourage high-net-worth individuals to include it as part of their alternative asset allocation. We recommend that around 5% of an investor's portfolio should be invested in crypto, although this can depend on several factors. CKC.Fund is confident that cryptocurrency investment will become an increasingly important part of a well-diversified portfolio. As an early-stage alternative investment that has been overlooked until the late 2010s, this sector presents a tremendous opportunity for those willing to understand its value proposition and deploy their capital to leverage the high-return potential that this asset class offers. LinkedIn Article Navigating the complex and ever-changing world of digital assets can be a challenge, but staying informed is key. If you found value in these insights and wish to deepen your understanding of this evolving space, consider connecting with CKC.Fund on LinkedIn. Additionally, if you aren’t already, you can subscribe to our newsletter, filled with tailored digital asset insights. For more personalized guidance, reach out at info@ckc.fund . Connecting with us helps you stay one step ahead in the world of digital assets. www.ckc.fund This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," “intend,” “outlook,” “potential,” or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back The Digital Asset Decipher - May 2023 Delia Sabau- April 30, 2023 Monthly Market Commentary [May 2023] Unraveling the BTC and ETH Performance In the wake of an impressive Q1 rally where Bitcoin (BTC) and Ethereum (ETH) soared by +70% and +55% respectively, May reflected a period of quietude with reduced trading volumes. BTC maintained a monthly range of $26,000–$30,000, while ETH hovered between $1,750–$2,000, reflecting a period of reduced price volatility and subdued trading activity. The daily BTC spot to BTC futures volumes plunged from 0.8 in mid-February to 0.2 by the end of May, marking a 12-month low. This reflects an industry shift in market liquidity, pivoting towards futures markets and hinting at the robustness of BTC price movements. BTC and ETH Correlation: A Declining Trend The 90-day correlation between BTC and ETH recorded a new year-to-date low, slumping to 84.3% after a high of 95.2% in the previous year. The disparity between the two major cryptocurrencies has become more noticeable since Ethereum's Shapella network upgrade on April 12th. This trend indicates an increasing level of independence between BTC and ETH, offering implications for diversification strategies and investment decisions in the expansive digital asset class. Bitcoin's Evolution Beyond a 'Store of Value' The Bitcoin ecosystem is signaling a departure from the pure 'store of value' narrative, reaching a record high transaction volume stimulated by market interest in Ordinal inscriptions and BRC-20 tokens. In December 2022, Bitcoin developer Casey Rodarmor introduced open-source software enabling users to "inscribe" designs onto sats (the smallest BTC unit), creating "Ordinals" or NFTs on the Bitcoin protocol. This innovation has extended Bitcoin's utility beyond peer-to-peer value transfers, indicating its potential to accommodate diverse digital assets and transactions. This adaptability not only reinforces Bitcoin's versatility but also extends its overall value proposition. This innovation has extended Bitcoin's utility beyond peer-to-peer value transfers, indicating its potential to accommodate diverse digital assets and transactions. This adaptability not only reinforces Bitcoin's versatility but also extends its overall value proposition. Record Bitcoin Transaction Volumes and their Implication On May 1st, the Bitcoin network witnessed a historic single-day transaction count, settling 685,711 transactions. This surge in transaction volume resulted in network congestion on May 7th. However, this elevated on-chain activity turned out to be beneficial for BTC miners. Although a large portion of miners' revenues originates from block rewards, the proportion of revenue from transaction fees rocketed from 2–4% to a high of 42%, stabilizing thereafter. This stabilization amidst high transaction volumes indicates the resilience of the Bitcoin ecosystem in the face of growing adoption. Despite the increase in on-chain activity, the number of daily active addresses fell to around 550K (IntoTheBlock data), a significant decline from the typical range of 800K–1M. This drop might be attributable to higher transaction fees dissuading users from conducting transactions. Ethereum's On-Chain Activity and Transaction Fees Like Bitcoin, the Ethereum blockchain also observed heightened on-chain activity, with transaction fees hitting a peak of ~$27 USD per transaction. The increased fees were partly attributed to the trading demand for PEPE, a popular memecoin. The primary news regarding Ethereum was related to the network's finality issues. 'Finality' refers to the point where a block's transactions are confirmed by a supermajority of validators (on Ethereum) or miners, becoming irreversible. Certain technical issues temporarily prevented the Ethereum network from finalizing blocks, but these were subsequently resolved. As a result, Ethereum is solidifying a stabilized version of its proof-of-stake iteration, paving the way for a more efficient and energy-conscious adoption of digital assets. Navigating the complex and ever-changing world of digital assets can be a challenge, but staying informed is key. If you found value in these insights and wish to deepen your understanding of this evolving space, consider connecting with CKC.Fund on LinkedIn. Additionally, if you aren’t already, you can subscribe to our newsletter, filled with tailored digital asset insights. For more personalized guidance, reach out at info@ckc.fund . Connecting with us helps you stay one step ahead in the world of digital assets. This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," “intend,” “outlook,” “potential,” or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back Deciphering Cryptocurrency Market Trends - May 2026 May 31st, 2026 Key Takeaways May was a reversal month for digital assets. Bitcoin began the month with constructive momentum, briefly trading above $80,000 as policy optimism around the CLARITY Act improved sentiment, but that bid faded sharply into the second half of the month. By May 31, BTC was back near $73,700, and the early-June follow-through has pushed it into the low-$60,000 range. The core issue was not one single crypto-specific failure. The market was hit by a combination of sticky inflation, Middle East energy risk, reduced odds of Fed cuts, ETF outflows, and capital rotation toward AI and other equity-market themes. In that environment, broad crypto beta remained weak, while select altcoins and infrastructure themes continued to show pockets of relative strength. For CKC.Fund , the practical read is straightforward: this remains a capital-preservation and selective-accumulation environment, not a broad “risk-on” altseason. We continue to favor disciplined exposure, meaningful stablecoin reserves, reduced leverage, and selective positioning in assets with stronger liquidity, usage, institutional access, or revenue/fee-accrual characteristics. Market Overview May opened with a constructive tone. Digital asset products recorded $117.8 million of inflows in the first reported week of the month, followed by $857.9 million the next week, helped by Bitcoin breaking above $80,000 and optimism around the CLARITY Act compromise. That optimism did not hold. CoinShares then reported $1.07 billion of outflows, followed by $1.47 billion, and then $1.67 billion in the final May/early-June reporting week. Three-week cumulative outflows reached $4.21 billion. Bitcoin remained the market’s primary driver, but institutional flow data weakened materially. Bitcoin products saw $982 million of outflows in the May 18 report, $1.315 billion in the May 26 report, and $1.438 billion in the June 1 report. Ethereum also weakened, with $249 million, $222.8 million, and $257 million of outflows across those same reports. The altcoin picture was mixed rather than uniformly negative. Solana, XRP, NEAR, Hyperliquid, and a few others continued to attract selective inflows at different points in the month, even as broader participation narrowed. That distinction matters: capital was not blindly leaving crypto; it was becoming far more selective. Regulatory Developments The most important U.S. regulatory development was the CLARITY Act’s progress through the Senate Banking Committee. The bill advanced on May 14 by a 15–9 vote, with two Democrats joining Republicans. The bill seeks to clarify when digital assets are treated as securities, commodities, stablecoins, or other categories, while also adding provisions around AML, tokenization, DeFi, and fundraising exemptions. The stablecoin compromise was especially important. The bill restricts yield on idle stablecoin balances while allowing certain transaction-based rewards. That compromise helped revive sentiment early in the month, but it also showed how politically sensitive stablecoins have become: banks remain concerned about deposit competition, while crypto firms want flexibility around incentives and payment activity. Globally, the regulatory direction continues to move toward formalization rather than prohibition. The U.K. is advancing its cryptoasset regime, with the FCA application gateway expected to open later in 2026, while European policymakers remain cautious about stablecoins because of banking-system and monetary-policy risks. SEC Actions The SEC’s posture remained more constructive than the prior enforcement-first era, but May did not remove uncertainty. Earlier 2026 guidance clarified how federal securities laws apply to certain crypto assets, including a taxonomy covering digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. A practical SEC-related market development came through listed product access. SEC remarks in early June referenced the May 22 approval of Nasdaq PHLX’s proposal to list and trade cash-settled Bitcoin index options. That is not a retail hype event; it is market-structure plumbing. More options access generally improves hedging, volatility expression, and institutional participation over time. The broader enforcement tone also appears to have shifted. The SEC’s FY2025 enforcement release noted that, beginning in February 2025, the Commission dismissed seven crypto enforcement actions from the prior Commission, including Coinbase, Kraken, Consensys, Dragonchain, Balina, Cumberland DRW, and Binance. That does not mean crypto is “deregulated.” It means fraud and investor-protection cases are likely to be prioritized over broad registration-by-enforcement theories. Institutional Moves Institutional activity was contradictory: access expanded, but risk appetite deteriorated. VanEck launched the first U.S. spot BNB ETF, VBNB, on May 28, adding another major listed-access product beyond BTC and ETH. That is structurally constructive for market maturity, even if near-term flows remain weak. The CFTC also approved KalshiEX’s BTCPERP contract on May 29, allowing a regulated perpetual contract referencing the spot price of Bitcoin. This is a meaningful development because perpetual futures are one of the dominant instruments in global crypto price discovery, and bringing a version into the U.S. regulated framework matters for institutional participation. At the same time, ETF outflows made clear that institutional access is not the same thing as institutional demand. In May, the market had better rails, more product access, and more regulatory movement — but the marginal buyer still stepped back when macro conditions tightened. Monetary Policy The Fed remained restrictive. At its April 28–29 meeting, whose minutes were released on May 20, the FOMC kept the federal funds target range at 3.50%–3.75%. The official statement emphasized elevated inflation, uncertainty, and the need to assess incoming data before further policy adjustments. The May labor report strengthened the case for patience or even renewed hawkishness. The U.S. economy added 172,000 jobs in May, while unemployment stayed at 4.3%. A resilient labor market gives the Fed less reason to cut quickly, especially with headline inflation moving back above target. Inflation remained the key constraint. May CPI rose 0.5% month over month and 4.2% year over year, with energy prices playing a major role. Core CPI was less severe at 2.9% year over year, but the headline move was enough to keep rate-cut expectations under pressure. Macro & Global Liquidity The tension remains: liquidity is not collapsing, but the liquidity impulse is not reaching speculative crypto beta cleanly. U.S. M2 rose to $22.804 trillion in April from $22.686 trillion in March, and global M2 remains large by historical standards. But crypto markets are being constrained by dollar strength, real yields, energy inflation, and competing risk assets. Stablecoins remain one of the strongest structural signals in the ecosystem. DeFiLlama showed total stablecoin market cap around $316 billion in early June, while multiple May reports pointed to stablecoin supply remaining near the $300 billion-plus range. This matters because stablecoin supply is dry powder, payment infrastructure, and DeFi collateral all at once — but it does not automatically mean immediate spot buying. The macro risk is that crypto is no longer trading as an isolated asset class. It is now competing for capital with AI equities, mega-cap tech, IPO pipelines, private-market narratives, and higher-yielding cash instruments. That makes timing and selectivity more important than in earlier cycles. Looking Ahead Our base case is that June remains fragile unless Bitcoin can reclaim higher support levels and ETF outflows stabilize. The key levels to watch are the low-$60,000 area on the downside, the $70,000–$73,000 zone as a recovery threshold, and the prior $80,000–$82,000 area as the level that would suggest risk appetite is returning. The main upside catalysts are clear regulatory progress, stabilization in ETF flows, easing energy pressure, softer inflation data, and renewed institutional accumulation. The main downside risks are further ETF redemptions, stronger labor/inflation data that revives rate-hike fears, oil/geopolitical escalation, and a continued capital rotation away from crypto into AI and other high-conviction equity themes. CKC.Fund ’s posture remains disciplined: preserve liquidity, avoid unnecessary leverage, accumulate selectively rather than emotionally, and prioritize assets where fundamentals, liquidity, and institutional relevance can survive a weaker tape. This is not the phase to chase every bounce. It is the phase to survive, prepare, and deploy capital only where the risk/reward is clearly improving. If you’re seeking exposure that moves beyond headlines and positions ahead of the curve, we’re here to talk. – The CKC.Fund Team For more information or inquiries, please reach out to us at info@ckc.fund CKC.Fund – Offshore. Actively managed. Altcoin focused. For more information or inquiries, please reach out to us at info@ckc.fund CKC.Fund – Offshore. Actively managed. Altcoin focused. This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," "intend," "outlook," "potential," or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back Deciphering Cryptocurrency Market Trends - Aug 2023 Delia Sabau July 23, 2023 Monthly Market Commentary [August 2023] Key Takeaways 💥 August 2023 brought renewed cryptocurrency market volatility and a significant Bitcoin price drop. 🚀 The month saw anticipation for U.S. spot BTC and ETH futures-based ETFs. 🌊 Bitcoin's orderly drift lower ended with a sharp mid-month "flash-crash." 💪 ETF expectations included U.S. spot BTC ETF and Europe's first spot BTC ETF. 💼 ETH futures ETF applications surfaced amid SEC considerations. 📉 BTC spot performance decreased by -11.2%, with rising futures volume. 📈 Miner confidence remained high despite BTC price challenges. ⛏️ ETH spot performance decreased by -11.3%, with increased CME futures volume. 📈 Robinhood expanded its crypto wallet offerings to include Bitcoin, Dogecoin, and Ethereum. 💰 Despite market fluctuations, cryptocurrency markets displayed resilience and commitment. 📧 Stay updated via CKC.Fund on LinkedIn or contact info@ckc.fund In August 2023, the digital asset markets saw a resurgence in volatility after a period of low trading activity and stable prices. Bitcoin (BTC) experienced a -11.2% decline during the month, partially offsetting its year-to-date gains of +56.8%. This drop in BTC prices was driven by the liquidation of leveraged positions, and a significant event occurred on August 17th when a "flash-crash" led to the largest single-day sell-off of the year, causing a -7.2% decline in BTC prices and liquidating $2.5 billion worth of derivative contracts within hours. While such abrupt market corrections can be unsettling, they serve a crucial role in maintaining the overall health of the market. They help to mitigate excessive speculation and reduce market froth, ultimately contributing to a more stable and sustainable long-term growth trajectory for the cryptocurrency ecosystem. This highlights the importance of periodic market adjustments in ensuring the resilience and viability of the digital asset landscape. Pick Up in Volatility Following BlackRock's filing for a Bitcoin spot ETF in late June, the cryptocurrency market experienced significant momentum. By mid-July, Bitcoin had surged to a year-to-date high of approximately $31,800. However, from that point until mid-August, Bitcoin underwent a gradual decline of approximately 10%, settling around the $29,000 mark. This descent was noteworthy for its remarkable stability, with no single trading day witnessing a fluctuation exceeding 3% over a span of nearly two months, from June 21st to August 16th. This stability was further evident in the one-month realized volatility of Bitcoin, which dropped below 20%, and the implied volatility for front-month Bitcoin contracts, which reached historic lows of approximately 30%. These observations underscore the period's exceptional steadiness in Bitcoin's price movements, reflecting a market environment characterized by minimal short-term price volatility. The prevailing calmness in the cryptocurrency market came to an end on August 17th when Bitcoin experienced a notable 10% decline, dropping from $29,000 to $26,000 within just two days. Surprisingly, this decline occurred with limited accompanying market news or catalysts. During this period, the implied volatility for one-month contracts surged by over 10%, surpassing the 40+ volatility mark. In contrast, one-month realized volatility only made a slight uptick, approaching the 30% level. This disparity between implied and realized volatility is noteworthy as it highlights the abrupt nature of the market correction. Implied volatility often anticipates future price fluctuations, while realized volatility reflects actual historical price movements. The notable difference between the two metrics indicated that investors were preparing for potential turbulence and price swings in the cryptocurrency markets, despite the relatively modest increase in actual price fluctuations during that specific timeframe. This situation serves as a reminder of the inherent unpredictability and volatility commonly observed in the cryptocurrency space. It underscores the challenges and opportunities that arise from such market dynamics, emphasizing the importance of being prepared for sudden shifts and the need for a strategic approach to navigate this evolving landscape effectively. It underscores the challenges and opportunities that arise from such market dynamics, emphasizing the importance of being prepared for sudden shifts and the need for a strategic approach to navigate this evolving landscape effectively. ETF Race Continuing The cryptocurrency market anticipates an active calendar for the remainder of the year, with expectations surrounding the launch of the first U.S. spot Bitcoin (BTC) ETF and Ethereum (ETH) futures-based ETF. The potential approval of a spot BTC ETF in the United States holds significance as it could provide a new avenue for investors seeking cash-settled exposure to this asset. It's worth noting that, thus far, the U.S. Securities and Exchange Commission (SEC) has rejected all applications for physically backed Bitcoin ETFs. BTC-linked Exchange Traded Products (ETPs) have a history dating back to 2013 when the Winklevoss brothers filed for the Winklevoss Bitcoin Trust. However, the majority of ETPs available to investors have taken the form of either Exchange Traded Notes (ETNs) or trusts issued in Europe, Canada, or U.S.-issued futures-based ETFs. Regarding the SEC's decision on the current applications for a spot BTC ETF, the market lacks visibility regarding the actual approval date, which adds an element of uncertainty. In parallel, in Europe, a spot BTC ETF, the Jacobi FT Wilshire Bitcoin ETF (BCOIN), was introduced on Euronext at the end of August. This ETF, originally approved in October 2021, overcame a prolonged delay to become the first spot BTC ETF in Europe. This development in Europe highlights the regulatory divergence between the U.S. and European markets and underscores the growing interest in cryptocurrency investment vehicles across global financial centers. In August, there were several applications for Ethereum (ETH) futures ETFs. These filings have raised curiosity within the industry, as an ETH futures ETF represents unexplored territory, and the SEC has not granted approval for one yet. It's worth noting that the SEC initially expressed its willingness to consider futures-based cryptocurrency ETFs back in 2021. The first approved Bitcoin (BTC) futures ETF, the ProShares Bitcoin Strategy ETF (BITO), made its debut in October 2021. The potential introduction of ETH futures-based ETFs could offer investors additional avenues to access Ethereum, further establishing the cryptocurrency as a legitimate and viable investment asset class. Performance Data In August, the performance of Bitcoin (BTC) spot prices registered a decline of -11.2%, accompanied by a -10.9% decrease in the MarketValue-to-RelativeValue metric for the month. Both BTC spot and CME futures front month volumes exhibited positive momentum, increasing by +10.0% and +16.5%, respectively, on a month-over-month (MoM) basis. Notably, there was a capital outflow of -$167.7 million from select BTC Exchange Traded Products (ETPs), reversing the trend of two consecutive months of inflows totaling $263 million in June and $247.8 million in July. This surge in BTC trading activity was also reflected in the total exchange balance, which experienced a noteworthy +16.2% increase in average BTC balance, returning to levels last seen in mid-2022. Despite the less favorable price performance of BTC, miner confidence remains notably high. The automated adjustment for BTC's mining difficulty, an indicator of miner competition, rose by +6.2% on August 23rd, extending its upward trajectory since July 2021. Additionally, the BTC miner hash rate also aligns with this positive sentiment, with the monthly average value increasing by +2.1% on a MoM basis. Similarly, Ethereum (ETH) spot performance concluded the month with a decline of -11.3%. While CME futures front month volume increased by +10.0% on a MoM basis, trusted spot volume decreased by -3.9% over the month. In parallel with BTC, the ETH market witnessed an outflow of -$21.2 million from select ETH ETPs, marking the largest monthly outflow since March 2023. These dynamics highlight the evolving trends in the cryptocurrency market, underscoring both the resilience of miners and the fluctuations in investor sentiment. In August, the total monthly validator revenue, which includes validator fees and priority fees, experienced a decline of -8.0%, primarily due to reduced network activity during the month. Additionally, the burns of total monthly Ethereum (ETH) also decreased by -13.0% on a month-over-month (MoM) basis. Despite these decreases, the total amount of ETH staked continued to grow, with a notable increase of +5.7% in August. However, the pace of growth in total net ETH staked decelerated by -15.2% when compared to the previous month, July. Interestingly, despite recent price declines, the heightened trading activity in both Bitcoin (BTC) and Ethereum (ETH), coupled with the increasing confidence among miners, suggests a resilient cryptocurrency market. These metrics indicate that there is sustained interest, liquidity, and a commitment to cryptocurrency markets, providing assurance to long-term investors about the overall health and stability of the market. Robinhood Expands Crypto Scope Robinhood is rapidly expanding its cryptocurrency offerings, with significant developments in less than six months since the launch of its crypto wallet. The company is now introducing custody, send, and receive functionalities for Bitcoin and Dogecoin, in addition to facilitating Ethereum swaps. Notably, Robinhood currently ranks as the 5th largest Ethereum (ETH) wallet, with holdings totaling $2.54 billion. Furthermore, the Robinhood-linked wallet also contains a variety of other cryptocurrencies, including 122,076 Bitcoin (BTC) valued at $3.3 billion, 34.1 trillion Shiba Inu tokens amounting to $277.8 million, 4.9 million Chainlink (LINK) tokens worth $29.7 million, and 2.6 million Avalanche (AVAX) tokens with a value of $29.6 million. These developments highlight Robinhood's commitment to diversifying its cryptocurrency offerings and expanding its presence in the digital asset space. Navigating the complex and ever-changing world of digital assets can be a challenge, but staying informed is key. If you found value in these insights and wish to deepen your understanding of this evolving space, consider connecting with CKC.Fund on LinkedIn . Additionally, if you aren’t already, you can subscribe to our newsletter , filled with tailored digital asset insights. For more personalized guidance, reach out at info@ckc.fund . Connecting with us helps you stay one step ahead in the world of digital assets. This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," “intend,” “outlook,” “potential,” or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back 2025 Year in Review: Markets, Macro, and Digital Assets — by CKC.Fund January 7th, 2026 Key Takeaways 2025 marked a transition from post-tightening resilience to late-cycle selectivity across global markets. Disinflation emerged as the dominant macro theme, reshaping expectations for policy, liquidity, and risk. Digital asset markets matured structurally, with institutional behavior increasingly setting the tone. Volatility returned as a feature—not a flaw—creating both risk and opportunity heading into 2026. Market Overview: A Year of Transition In 2025, global markets navigated a complex handoff from monetary tightening toward a more uncertain policy and growth regime. U.S. economic activity remained resilient, supported by consumption and fiscal spending, but underlying indicators—particularly labor and investment—began to soften. Equity markets held up longer than many expected, while leadership narrowed and dispersion increased. Digital assets mirrored this transition. The year began with renewed optimism around institutional access and infrastructure, but ended with consolidation, reduced leverage, and greater differentiation between durable assets and speculative excess. Rather than signaling weakness, this shift reflected a market increasingly driven by capital discipline and structural considerations. Regulatory Developments: Progress Without Finality Regulatory progress in 2025 was incremental rather than definitive. While the overall direction became clearer—particularly around market structure, custody, and disclosure—implementation remained uneven across jurisdictions. This ambiguity slowed deployment for some institutions but reinforced the importance of compliant, adaptable frameworks. The regulatory environment increasingly favored participants capable of operating within evolving rulesets rather than relying on regulatory arbitrage. As a result, regulatory awareness became less about predicting outcomes and more about managing uncertainty. SEC Actions: From Disruption to Normalization Throughout 2025, the SEC’s posture evolved toward standardization. Enforcement actions focused less on headline disruption and more on reinforcing disclosure, governance, and operational expectations. While this created friction in certain segments of the market, it also laid groundwork for more sustainable institutional participation. This shift marked an important milestone: digital assets increasingly treated as a market to be regulated, not resisted. Institutional Behavior: Selective, Strategic, Patient Institutional participation in 2025 was defined by selectivity. Capital gravitated toward liquidity, scale, and operational clarity, while balance-sheet-constrained players reduced marginal risk. ETF flows and treasury-style allocations ebbed and flowed tactically, reinforcing that institutions were engaging—but on their own terms. This environment rewarded disciplined execution and penalized overexposure to crowded or illiquid trades. Macro & Global Liquidity: Fragmented, Not Absent Disinflation became the defining macro signal in the second half of 2025. Cooling inflation and a softening labor market gave central banks flexibility, but not clarity. Outside the U.S., Japan emerged as a key variable, where currency dynamics—not just rates—posed potential volatility risks. Liquidity remained present globally, but unevenly distributed. This fragmentation drove dispersion across asset classes and reinforced the need for flexibility rather than directional certainty. Digital Assets & Structure: Maturation Over Momentum By year-end, digital asset markets were increasingly shaped by structural forces rather than narrative-driven speculation. Reduced leverage, narrowing leadership, and growing emphasis on liquidity and governance signaled maturation. Tokenized real-world assets, privacy infrastructure, and institutional-grade rails moved from concept to early execution, setting the stage for deeper integration in the years ahead. Looking Ahead to 2026 As markets enter 2026, the dominant question is no longer “when risk-on returns,” but how capital is deployed in an environment defined by disinflation, fragmentation, and policy uncertainty . Historically, such regimes have favored systematic approaches, downside-aware positioning, and patience over broad beta exposure. Volatility is likely to persist, but volatility also creates opportunity: particularly for strategies designed to adapt dynamically rather than rely on static forecasts. CKC approaches this environment with an emphasis on disciplined execution, capital efficiency, and strategies aligned with evolving macro and institutional realities. At CKC.Fund , we remain focused on long-biased, actively managed exposure across structurally advantaged altcoin ecosystems. Our approach benefits from early rotation signals, a thesis-driven portfolio, and high-conviction entries backed by macro, regulatory, and flow dynamics. If you’re seeking exposure that moves beyond headlines and positions ahead of the curve, we’re here to talk. – The CKC.Fund Team For more information or inquiries, please reach out to us at info@ckc.fund CKC.Fund – Offshore. Actively managed. Altcoin focused. This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," "intend," "outlook," "potential," or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back Deciphering Cryptocurrency Market Trends - Jun 2023 Delia Sabau July 01, 2023 Monthly Market Commentary [June 2023] Institutional Developments Fuel Market Sentiment Shift June ushered in a fresh era of optimism in market sentiment, propelled by significant institutional advancements such as BlackRock's spot Bitcoin (BTC) Exchange Traded Fund (ETF) application. The impending entry of institutional giants has assuaged risk-averse attitudes, catalyzing a total cryptocurrency market capitalization surge to $1.21 trillion in June, primarily driven by Bitcoin's stellar performance, which marked a +13.6% growth. In the wake of BlackRock's application, the Grayscale Bitcoin Trust's (GBTC) discount to its underlying BTC holdings decreased to 37% from the previous 44%. Mirroring this move, Fidelity and Wisdom Tree have lodged their spot BTC ETF applications, with Invesco revisiting its application process. The impending entry of institutional giants has assuaged risk-averse attitudes, catalyzing a total cryptocurrency market capitalization surge to $1.21 trillion in June, primarily driven by Bitcoin's stellar performance. A New Era: Evolving Crypto Market Structures The crypto and digital asset product markets underwent significant transformations in June. A notable milestone was the successful inauguration of EDX Markets - a cryptocurrency exchange under the aegis of Charles Schwab, Fidelity Investments, and Citadel. This new exchange offers trading avenues for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) through a non-custodial structure. Even though direct access for retail investors remains elusive, EDX Markets has formed strategic partnerships with retail brokerages. Moreover, a surge in corporate interest in adopting blockchain technology and venturing into the expansive world of Web3 has been observed. A recent report by Coinbase reveals that 52% of Fortune 100 companies are actively engaging in blockchain-based initiatives, 75% of which target financial services. Although initial enthusiasm around 'Metaverse' projects seems to have ebbed due to the industry's cyclicality, an upward trend in corporate adoption of business use-cases incorporating NFTs across various sectors has been noted. Crypto Exchange Outflows: A Growing Trend The recent trend of net outflows of BTC and ETH from cryptocurrency exchanges remains consistent. The supply on exchanges has declined 10% for BTC and 4% for ETH year-to-date (YTD), whereas the number of non-custodial addresses with a balance greater than zero has experienced an increase of +11% and +10% for BTC and ETH respectively. This trend points to a growing propensity towards self-custody and accumulation of assets. A Close Eye on Regulatory Actions In the face of ongoing regulatory actions by the United States Securities and Exchange Commission (SEC), Binance.US has committed to retaining all US investors' funds domestically until the lawsuit concludes. The SEC has levied charges against Binance.US , alleging a mix-up of customer and exchange funds. Coinbase, on the other hand, is pushing back against SEC allegations concerning token securities on its platform, sticking to the premise of "innocent until proven guilty". Market Performance: A Glimmer of Hope? June exhibited a significant performance rebound, with BTC reporting a noteworthy surge of +13.6%, outperforming both ETH and altcoins. The CMBI 10 Index, which encompasses a diverse collection of the largest non-Bitcoin crypto assets, marked a slight decline of -4% month-on-month (MoM), while ETH posted a modest growth of +3.9%. The Market Value to Relative Value (MVRV), a key industry valuation metric, continued its upward trajectory by more than 12% for BTC and 4% for ETH. Demystifying the complex and ever-evolving landscape of digital assets can be daunting. Our newsletter strives to clarify these complexities with informative insights from industry insiders. To enhance your understanding of this rapidly transforming space, we recommend following CKC.Fund on LinkedIn and subscribing to our bi-weekly newsletter. Stay one step ahead in the world of digital assets with us. For more information, please contact us at info@ckc.fund . The CKC.Fund Team www.ckc.fund Previous Next

< Back Deciphering Cryptocurrency Market Trends - October 2025 November 7, 2025 Key Takeaways October’s volatility reinforced a simple truth: risk alone doesn’t generate returns — disciplined positioning does . Amid a $19B crypto liquidation and the first October Bitcoin loss since 2018, the need for active, risk-managed strategies became clear . While many participants got caught offside, CKC.Fund ’s approach — focused on momentum signals, structural catalysts, and capital preservation — is designed exactly for these moments. Institutions are entering — but not immune to panic. This creates opportunity for sophisticated funds able to read the shift early and reposition quickly . Market Overview Early-month euphoria gave way to sharp, fast drawdowns — a classic case of over-leveraged optimism meeting macro reality . Passive exposure wasn’t enough: those with dynamic frameworks could sidestep much of the pain and re-enter tactically. CKC.Fund is not anchored to “narratives” — our methodology absorbs trend signals and adjusts risk accordingly , a sharp contrast to static portfolios. Regulatory Developments Custody clarity from NYDFS and SEC, as well as global regulatory coordination, are reducing structural risks — but these benefits accrue most to funds already operating with institutional-grade infrastructure and compliance discipline . CKC.Fund has long prioritized auditability, third-party fund admin, and clean legal structuring — we’re built for this environment , not scrambling to retrofit for it. SEC Actions The SEC’s quiet shift on state trust custody, ETF guidance, and classification rules points toward a maturing regulatory regime — one that will increasingly reward compliant, transparent, and well-structured funds . CKC.Fund is already aligned with these trajectories — giving allocators comfort in both bull and bear conditions Institutional Moves The largest week of ETF inflows on record (~$5.95B) followed by the largest single-day liquidation ($19B) highlights the fragility of narrative-driven capital . This is where CKC.Fund ’s approach shines: we combine directional thesis-building with systematic positioning , so we’re not whipsawed by crowd behavior. When liquidity floods in, we’re already there. When panic hits, we’ve likely trimmed risk. It’s not timing the top or bottom — it’s staying solvable and opportunistic. Macro & Global Liquidity With the Fed pausing QT, stablecoins continuing to settle $46T annually, and cross-border leverage dropping, markets are entering a regime of lower chaos, but also lower generosity . In these conditions, outperformance comes not from beta, but from allocation discipline — something CKC.Fund has embedded in its playbook. We interpret regime shifts early, act deliberately, and avoid the fragility that often accompanies high-conviction / low-context trades. Looking Ahead The rest of Q4 2025 will likely be choppy: crosswinds from tariffs, ETF approvals, and election posturing will blur signals. Dry powder and asymmetric positioning matter more than ever. CKC.Fund is built around the principle that adaptive systems outperform reactive ones . Our process continuously recalibrates based on macro, momentum, and liquidity inputs — giving investors conviction without needing constant reaction. In an environment where “buy-and-hold” is a liability and “degen trading” is a minefield, CKC.Fund represents a third path — pragmatic, process-driven, and relentlessly focused on protecting and compounding capital. At CKC.Fund , we remain focused on long-biased, actively managed exposure across structurally advantaged altcoin ecosystems. Our approach benefits from early rotation signals, a thesis-driven portfolio, and high-conviction entries backed by macro, regulatory, and flow dynamics. If you’re seeking exposure that moves beyond headlines and positions ahead of the curve, we’re here to talk. – The CKC.Fund Team For more information or inquiries, please reach out to us at info@ckc.fund CKC.Fund – Offshore. Actively managed. Altcoin focused. This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," "intend," "outlook," "potential," or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next

< Back Deciphering Cryptocurrency Market Trends - June 2025 July 7th, 2025 Key Takeaways Liquidity remains abundant even as the yield-curve steepens; that’s a likely intensifying tail-wind for high-beta alts . BTC option pricing has collapsed below S&P vol – CKC is already harvesting that mismatch. Regulatory fog is lifting (GENIUS, CLARITY, SEC rollback): the stable-coin & RWA rails we trade on are turning institutional-grade . Upcoming catalysts (SOL ETF 7/15, Crypto Week 7/14-18) could reprice the market in hours; active positioning is critical. Market Overview Rates & Liquidity: 10-yr sits at 4.25 %, Sept-cut odds ≈ 70 %. 600 B$ still parked in the Fed’s RRP— plenty of dry powder. Vol & Flows: BTC 60-day vol now below S&P; June ETF inflows: BTC + $4.6 B, ETH + $1.16 B . Stable-coins & Treasuries: $255 B float is a standing bid for short coupons—anchoring the front-end and funding on-chain yield. CKC angle: low implied vol lets us buy optionality on our highest-conviction alt positions at a discount, while the liquidity backdrop keeps exit lanes open. Regulatory Developments US: GENIUS stable-coin Act cleared the Senate; CLARITY bill moving in the House. Global: FCA to re-open crypto ETNs, HK stable-coin law live Aug 1. Mortgage twist: FHFA instructs Fannie & Freddie to model crypto collateral—yet another use-case that normalizes digital assets. Why CKC cares: clearer rules mean deeper books and tighter spreads on the niche alts we traffic in; our liquidity-tier screens now include U.S.-domiciled stables that will soon be bank-grade. SEC Actions Shelved the Custody, DeFi and ESG proposals; lifted the Ripple injunction. Impact: lower headline-risk discount on mid-cap tokens – CKC is already rotating into names that were previously “radioactive”. Institutional Moves Circle IPO ($1.2 B) and fresh corporate BTC treasuries validate the asset class. June BTC- & ETH-ETF demand proves the allocator bid is structural, not speculative. Robinhood 24/5 tokenised stocks in the EU, Kraken’s KRAK super-app live, banks hiring crypto desks. Mastercard now supports four stable-coins; BTC-reward cards from Gemini & Coinbase widen retail on-ramps. CKC edge: We use ETF flow tape to time basis trades and hedge directional alt exposure—alpha that passive holders simply miss. Political Influence on Markets The One Big Beautiful Bill ( OBBB ) adds $3 T to the deficit and a 1 % remittance tax: liquidity boost today, rate-vol tomorrow. Crypto Week (House votes 7/14-18): watch GENIUS & CLARITY floor action; any surprise amendment could swing stable-coin spreads we arbitrage. Macro and Global Liquidity China keeps exporting deflation and dumping Treasuries; Euro CPI back to 2 %. BoJ on hold, yen cheap; Norway mulls PoW freeze—hash power likely shifts to U.S. grids CKC already monitors Looking Ahead The next ninety days are stacked with binary headlines—Solana’s ETF verdict on 15 July , the House’s “Crypto Week” votes right after, a heavy Treasury refunding on 1 August , Jackson Hole in late August, the Ethereum Electra testnet, and a dot-plot refresh at the September FOMC. Our playbook is already tilted toward each of these switches: volatility inventory on SOL with pre-planned roll paths into ADA and DOGE; stable-coin liquidity sleeves that expand or contract the moment a bill clears the House floor; curve hedges ready for a weak refunding print; optionality that gaps higher if Powell blinks at Jackson Hole; and staking weight adjustments queued for Electra. In short, the risk units we believe will matter most are already on our radar—waiting for the market to flip them on. Capacity in these lanes is finite; we're already engaged with the risk units we believe will matter most once each switch is flipped. Many existing investors are adding capital ahead of July/August regulatory and fiscal milestones, with new investors looking to join as trading lanes heat up. Stay in Touch Navigating the ever-changing landscape of digital assets can be a challenge. That's why we’ve created this newsletter to help bring clarity to the complexity. In addition to a monthly summary of the most important crypto news, we layer in insightful commentary from insiders and experts who understand the cryptocurrency market. If you’re interested in enhancing your understanding of this rapidly evolving space, we kindly suggest you follow us on LinkedIn. Stay one step ahead in the world of digital assets with us. You are also welcome to reach out to us at info@ckc.fund if you would like to know more. Stay agile, – The CKC.Fund Team info@ckc.fund This content is intended for general informational purposes only. CKC.Fund does not render or offer personalized financial, investment, tax, legal, security, or accounting advice. The information provided in this content is provided solely as general information and to provide general education. No information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action. This content may contain certain statements, estimates and projections that are "forward-looking statements." All statements other than statements of historical fact in this content are forward-looking statements and include statements and assumptions relating to: plans and objectives of management for future operations or economic performance; conclusions and projections about current and future economic and political trends and conditions; and projected financial results and results of operations. These statements can generally be identified by the use of forward-looking terminology including "may," "believe," "will," "expect," "anticipate," "estimate," "continue", "rankings," "intend," "outlook," "potential," or other similar words. CKC.Fund does not make any guarantees, representations or warranties (express or implied) about the accuracy of such forward-looking statements. Forward-looking statements involve certain risks, uncertainties, and assumptions and other factors that are difficult to predict. Viewers are cautioned that actual results referenced in this content could differ materially from forward-looking statements; and viewers of this content are cautioned not to view forward-looking statements as actual results or place undue reliance on forward-looking statements. Past performance is not indicative nor a guarantee of future results. No content in this content shall be viewed as a guarantee of future performance. Previous Next