#Crypto

18 May 2022

UST & The Great Crypto Crash of May 2022

Bitcoin, ETH and the longtail of alt-coins all took major losses the week of May 9th, while prominent stablecoins lost their peg.

16 Aug 2022

Crypto without a NBBO

The National Best Bid and Offer is not sufficiently sensitive to time differences to be able to distinguish differences in price from lags in communication.

22 Jul 2022

What is a "fair price?"

The fact of Citadel, and similar Market Makers, routinely being able to turn a profit executing trades for retail investors speaks to their sitting on the beneficial side of an information asymmetry.