Kelly Ye

Head of Research at @talostrading @CoinMetrics | Data-driven insights. Future of finance is trading Everything Everywhere All the Time!

[Kelly Ye @kelly_cfa]

New chapter: Head of Research at @talostrading 🚀

Digging into #DigitalAssets markets, #Tokenization , #PredictionMarkets & #DeFi . Connecting the dots between #TradFi and crypto.

More data, more insights. Stay tuned.

[Talos @talostrading]

We're excited to welcome Kelly Ye, CFA as our new Head of Research.

Kelly brings nearly two decades of experience across traditional finance and digital assets. She held investment leadership roles in digital assets at Avenir Group and Decentral Park Capital (@DPCio) and research and product leadership roles at @Fidelity Digital Asset Management and @CoinDeskMarkets Data & Indices. Most recently, she was building @CoinBridge_US

➡️ Read the announcement: https://t.co/UGkut2z2Bm

"Kelly has built research and investment products at both traditional and digital asset firms, and she understands how institutions use research to make decisions. She will help our clients interpret markets as more assets move onto digital rails." — @KatzAnton, CEO and Co-Founder of Talos

"We’re moving beyond digital assets toward digital markets, where traditional and onchain finance are increasingly connected. I look forward to building on the team’s work and making Talos Research a primary reference for the market." – Kelly Ye (@kelly_cfa) Head of Research at Talos

#DigitalAssets #CryptoResearch #CryptoData

[Cooper Duschang @HCDuschang]

The ERC20s swapped in UniAMM pools after the Binance hack highlights why understanding individual market structure is important.

DeFi offers permissionless selling at the cost of limited supply in pools, altering token prices relative to other markets

[Kelly Ye @kelly_cfa]

5) Hacks grab headlines, but what decides how a market absorbs them is depth on each side of the book, venue by venue, hour by hour.

If you trade size, liquidity and market structure aren’t background noise. They’re the risk. Watch them closely with @talostrading @coinmetrics

[Kelly Ye @kelly_cfa]

1) Fashionably late to the @binance hack discourse. The on-chain sleuths have traced every satoshi, so I’ll take the less glamorous beat: the order book. 📚

@talostrading @coinmetrics data shows BTC liquidity bent but didn’t break, and only one side took the hit. 🧵

[Kelly Ye @kelly_cfa]

4) That leaves the book leaning about 2:1 toward bids ($20M vs $10M within 1%). Large buys now move price more than large sells.
It also fits the on-chain picture: Binance’s own BTC hot wallet lost 18,270 BTC, and the stolen BTC is sitting untouched, not being dumped.

[Kelly Ye @kelly_cfa]

@1kxnetwork report confirms the shift: #PredictionMarkets markets (fees 19x) and #RWA #perps (+100x) are the new growth engines while everything else is still price-sensitive.

This is the “trade everything, everywhere, all the time” thesis in numbers. @talostrading is already building the institutional rails for it.

#AIAgents that can actually execute that vision are the future of finance.

[1kx @1kxnetwork]

The annual 1kx Blockchain Revenue Report is out today.

Blockchain revenue is on track for $100B in 2026, down 28% with prices. Institutions and the broader economy now generate 30% of it. In Q3, broader-economy revenue passed blockchain infrastructure for the first time. Public companies earn 16%, up from 7% in 2022. A record 283 protocols paid token holders in Q3 through buybacks, burns or fee sharing.

The report covers 2,600+ protocols and 100+ public companies through Q3 2026.

Read it here: https://t.co/CdSvQGKcon

[Kelly Ye @kelly_cfa]

History doesn’t repeat, but it does rhyme.
🔴 Nov 2022: U.S. Midterms approach. FTX collapses, triggering a historic crypto contagion.
🔴 Oct 2026: U.S. Midterms are next week. Binance hit by a massive exploit.
The "#Midterm Black Swan" parallel is impossible to ignore. Buckle up.

[CZ 🔶 BNB @cz_binance]

User funds are safe!

It does look like a hack on Binance. Appreciate the quick freeze from Tether (~$971m) and Circle (~$823m).

I don't manage Binance (.com) anymore, but as a shareholder, I expect all user funds will be fully covered.

[Kelly Ye @kelly_cfa]

Five days to the midterms, Bitcoin’s election premium is shrinking.

Election-week IV: just 7% above normal, vs 34% before the 2024 vote.

Lower stakes, or too little attention?

#Bitcoin #Options #Midterms

Full Talos research:
https://t.co/xGyj29c9Tc

[Kelly Ye @kelly_cfa]

https://t.co/N5Rj6AzIB1

[Kelly Ye @kelly_cfa]

How a view is expressed on @Kalshi matters: control, seat-count and balance-of-power contracts on the Senate implied odds 3.3 pts apart on average since August, up to 9.7. #PredictionMarkets #Midterms2026
Gaps can create opportunities worth a closer look 👇

[NYU Blockchain Lab @BlockchainNYU]

How Web3 is Reshaping Capital Markets?
In this shift, where do students and young professionals fit?

On Mar 4, we are excited to collaborate with Bonjour Girls to invite four visionary female leaders from Web3 to share their perspectives on capital, career pivots, and the future of Digital Assets in our upcoming special Panel.

Featuring:
🔸Meina Zhou — Co-Founder & CEO @sproutfi_xyz
🔸Hedy Wang — CEO & Cofounder @BlockSt_HQ
🔸Kelly Ye — Deputy Chief Investment Officer @ Avenir Group
🔸Jianing Wu — Research Associate @galaxyhq

This conversation is not just about career paths. It is about understanding structural change early, identifying where opportunities are forming, and learning how to build with intention across cycles.

📍 Leslie eLab | 🕒 Mar 4 5:30–7:45 PM
RSVP below 👇
https://t.co/ARa8KglbX9

[Kelly Ye @kelly_cfa]

Institutional #DeFi is coming. Access is the unlock. Yield is the opportunity. Good to see @Anchorage building the bridge.

[Anchorage Digital ⚓️ @Anchorage]

New: Institutions can now securely connect to @Morpho via the Anchorage Digital platform.

This integration allows institutions to participate in onchain finance from a federally regulated custodian.

[Kelly Ye @kelly_cfa]

@VitalikButerin @VitalikButerin If L2s become the layer where centralized entities optimize sequencing, UX, and policy before settling back to Ethereum, then:

1.What justifies an L2 token economically?
2. Why wouldn't they preferenterprise blockchains like @CantonNetwork

[Kelly Ye @kelly_cfa]

This is the work that actually moves #DeFi forward.

Rigorous research, real data, and open debate — not vibes, not narratives.

If we want DeFi to scale responsibly, this is the standard. Great job @Designing_DeFi

[Designing DeFi @Designing_DeFi]

Designing DeFi: Protocols & Incentives ✨

An academic conference dedicated to research on the design, analysis, & evaluation of DeFi protocols

Where → Columbia Business School
When → May 20 - 21
Papers due → February 14

Learn more ↓
https://t.co/IWTLqlIKEP

[Kelly Ye @kelly_cfa]

#DeFiYieldMagic

How liquidity provisioning can generate attractive yield
👇

Staking in the HLP vault means you:
• Earn a share of Hyperliquid trading fees
• Collect liquidation revenue
• Take the aggregate other side of trader PnL

This is market-making economics onchain.

[Kelly Ye @kelly_cfa]

Good #DeFi managers know where to source the rewards and harvest them promptly.

[Kelly Ye @kelly_cfa]

#DefiYieldMagic - How DeFi turns a “boring” 2–3% lending yield into ~8-9%:
https://t.co/bkNRzZRYAg
1️⃣USD1 lending base interest: 2.69%
2️⃣Stablecoin protocol rewards: 3.36% (WLFI)
3️⃣Lending platform rewards: 2.74% (KMNO)
@kamino @worldlibertyfi @SteakhouseFi

[Kelly Ye @kelly_cfa]

Protocol incentives can be a big source of DeFi yield, although they do not last forever and reward token price flunctuates.