In this edition of the Coinbase Institutional Monthly Reading List we present a roundup of what we’ve been reading in September – along with our most recent Coinbase Institutional research reports, a look at the state of the institutional landscape and the latest in blockchain news.
We also encourage readers to visit and subscribe to our team’s other publications to stay up to date via our Weekly Market Commentary, Institutional Research Portal, Twitter account, and Weekly Market Update Calls.
Coinbase research reports
Trend following in uncertain times We evaluate the relative merits of trend-following investing with respect to the challenges of the current macro environment.
Ethereum’s Merge: Investing at an Inflection Point We look at both the bear and the bull cases for ETH ahead of the Merge and address some of the misconceptions surrounding what this upgrade means to the network and its users.
Asset allocators’ growing interest in digital assets For institutional allocators, investing in emerging categories is not a new concept. They are now looking into crypto, taking a long view, and recognizing opportunities.
Crypto capital watch
Temasek to Lead $100 Million Funding for Crypto Landlord Animoca Singapore state investor Temasek Holdings Pte. is joining a $100 million funding for Animoca Brands Corp., betting on one of crypto’s most prolific investment houses even after a $2 trillion market meltdown.
Investment Management Giant Franklin Templeton to Offer Digital Asset Strategies to Wealth ManagersFranklin Templeton, with more than $1.3 trillion in assets under management, in the fourth quarter will begin offering two digital asset separately managed account (SMA) strategies through Eaglebrook Advisors.
Crypto Startup Mysten Labs Raises $300 Million Mysten Labs, a startup founded by former executives of Meta Platforms Inc.’s crypto unit, said it has raised $300 million in a funding round that values the company at more than $2 billion.
Global economy tracker
Nigeria to Establish Special Economic Zone for Bitcoin, Crypto Nigeria is seeking to create the first economic free zone for bitcoin and cryptocurrency in West Africa through the Nigeria Export Processing Zones Authority (NEPZA), per a press release.
US Treasury to Recommend Issuing Digital Dollar if in National Interest The Treasury Department, in what may be its most important recommendation spurred by President Joe Biden’s executive order on crypto, will suggest how to move forward on a CBDC.
U.S. SEC to set up new office for crypto filings The U.S. securities regulator will set up a new office to deal with filings related to crypto assets, called the "Office of Crypto Assets", the agency said on Friday.
Should there be demand-based recurring fees on ENS domains?ENS domains today are cheap. Very cheap. The cost to register and maintain a five-letter domain name is only $5 per year. This sounds reasonable from the perspective of one person trying to register a single domain, but it looks very different when you look at the situation globally.
Everything you need to know about The Ethereum Merge Learn what the Merge is, why it’s important, what happens immediately after the Merge, and how it will impact you and your ETH.
Institutional & blockchain news
DeFi Giant Aave Stops Loaning Ether Ahead of the Merge The Aave community is worried that users may increasingly borrow ether ahead of the Merge, exposing the protocol to liquidity issues and injecting volatility into Lido's staked ether market.
Three Arrows Founders Break Silence Over Collapse of Crypto Hedge Fund After five weeks in hiding, the disgraced founders of Three Arrows Capital spoke extensively about the spectacular implosion of their once high-flying hedge fund, saying their bungled crypto speculation unleashed cascading margin calls on loans that should never have been made.
Defending Privacy in Crypto Coinbase is funding a lawsuit brought by six people challenging the U.S. Treasury Department’s sanctions of the Tornado Cash smart contracts and asking the Court to remove them from the U.S. sanctions list. The sanctions exceed the Treasury’s authority, harm innocent people, remove privacy and security options for crypto users, and stifle innovation.