We are excited to share our latest Haruko newsletter with you.
After the March rally, digital assets had a continuation of positive price momentum through the end of April. We saw Bitcoin and Ethereum record gains of 3% each, generating an impressive 77% and 56% YTD return in 2023. In contrast, Nasdaq and gold outperformed in 2023 by only 20% and 9% respectively. The digital asset price momentum is particularly impressive in light of the persistent regulatory headwinds.
In April, the focus of the market moved from Bitcoin to Ethereum. Following the successful PoS merge in September 2022, Ethereum network completed a follow up Shapella upgrade in April. The long-awaited upgrade has enabled the native ETH unstaking from Ethereum network validators. Despite this, we saw a notable pick up in new validator entry in excess of exit cue, reflected in a 3.5x rise in staked ETH deposits.
As expected, the ability to unstake has significantly de-risked ETH as a yield bearing digital asset that is primed for institutional investor adoption. As the secondary market price of staked ETH converges with its unstaked ETH, we expect to see a pick up in Beacon Chain deposits above the 50% mark seen on other PoS chains. The blockchain staking infrastructure is also on the path of convergence towards rapid institutionalisation.
This is why we remain committed to building a resilient blockchain infrastructure and battle-tested digital asset management products, including staking tools, to meet the growing demand from institutional investors.
Our aim is to remove complexity and enable you to safely access growing digital assets opportunities.
Intuitive UI enhancements
Over the past month, we have been busy enhancing the performance and UI for your Haruko dashboard. The latest update significantly improves the speed of your platform while enabling new and more intuitive tools to seamlessly monitor your CeFi and DeFi risk exposures all in-one-place.
The extensive Haruko UI update covers derivative risk and pricing, trade booking, API alerts, equity balances and Haruko DeFi wallet tools. In addition, we are continuously improving the UI for our comprehensive portfolio monitoring and notification engine to enable real-time risk management.
Advanced Bitcoin wallet tracking
We are excited to share with you an upgrade of our Bitcoin network integration, making it easier to track your hierarchical extended public key (xPub) from your unified Haruko dashboard all while preserving your on-chain privacy using our in-house Bitcoin network nodes.
Our team has also added Ordinals (BRC-20) decoding capabilities, enabling you to access the latest digital assets opportunities with Haruko’s advanced risk management tools.
Unified NFT Integration
If you're sitting on any NFTs, you can now use our new NFT integration along with existing endpoints for pulling your wallet's NFT tokens and their associated details.
Seamlessly track and access you complete NFT exposures, including transfers, wallet balances and metadata indexing. Currently available on the Ethereum blockchain only, with additional chain integrations to come.
We hope these new features and integration improvements will make it even easier to stay on top of your digital assets exposure and risk, accessed in real-time and all in one place.
Join us at DigiAssets London
We are excited to share that we will are sponsoring and attending the upcoming Institutional Digital Assets Conference (DigiAssets) in London on 24 - 25 May.
If you are thinking about accessing digital assets opportunities or looking for an institutional-grade risk management solution, we would love to meet you at the event.
You can use the below link to connect with us.
European Digital Assets Awards
Haruko has been shortlisted in the Hedgeweek European Digital Assets Awards 2023!
✅ Best New Solution Provider - Haruko
✅ Best Technology - Haruko
✅ Best Data & Research Solution - Haruko
We are thrilled to share that Haruko is in the running for this prestigious award. Our team has been laser-focused on building best-in-class innovative tech solutions that enhance user experience and enable risk management of digital assets.
Our coverage is growing
With our coverage of venues and protocols ever-expanding, we thought it would be useful to have it all in one single, accessible space.
Check out our Coverage Map
We're updating the list on a regular basis and recent additions include
· Coinbase Advance (Pro)
· Gemini Derivatives
Can't see a blockchain, protocol or venue you're using? Reach out to your dedicated support team to find the best solution for you and your portfolio.
Don't forget, you can use our DeFi synthetic accounts to add any protocols we're currently not listing to complete your risk view.
Join our community to stay ahead of the pack
Expand your knowledge about the digital asset ecosystem. Explore our Digital Asset Knowledge Portal which we have specifically created for our community.
Curious to know more about OTC and loan booking tools? Read about how our synthetic accounts help you manage these risks and challenges.
Why is DeFi risk taxonomy so important? Having a well-structured and comprehensive one in place helps us identify and categorise potential challenges. See some of the financial, technical and operational risks we have identified.