top of page
Search


The Crossroads of 2026: Navigating the Split Reality of Modern Markets
As the calendar turns, the financial landscape presents investors with a stark and unresolved dichotomy. The opening days of December have been marked by a resurgence of bullish sentiment, fueled by a pivotal policy shift from the Federal Reserve and historically favorable seasonal trends. Yet, beneath this surface optimism lies a foundation showing signs of significant strain—narrow leadership, stretched valuations, and creeping credit stress. We are not at a peak or a troug

Leo Wong Chin Wai
Dec 10, 20254 min read


Anatomy of a Sudden Shock: Deconstructing the $600 Million Liquidation Cascade
The market has experienced a sharp, painful repricing. Over the past 24 hours, global liquidations have surpassed $597 million, with long positions bearing the brunt of a $536 million sell-off. Bitcoin and Ethereum led the decline, shedding $197 million and $135 million in leveraged positions respectively. This was not a gradual slide but a structural break. Bitcoin, after a steady climb from $86k to $93k, abruptly reversed course, plunging 3.7% in a single hour from $90,000

Leo Wong Chin Wai
Dec 1, 20253 min read


A Deep Dive into the Solana Name Service (SNS)
In the fast evolving world of Defi, user experience often feels like an afterthought - long strings of alphanumeric characters serving as wallet addresses, prone to typos and frustration. Solana Name Service (SNS), a decentralized protocol that elegantly bridges this gap by transforming those cryptic codes into memorable, human-readable names. Launched in 2020 and developed by the team at Bonfida, SNS has grown into a cornerstone of the Solana ecosystem, boasting over 270,000

Leo Wong Chin Wai
Nov 28, 20253 min read


The 2025 Korea Crypto Market Playbook
The Korean crypto market represents a unique and powerful vortex of retail capital and cultural momentum. It is not merely another regional hub; it is a sentiment-driven force that can single-handedly define an asset's trajectory. For any project with global ambitions, understanding its mechanics is not an option, it is a requirement. To overlook the Korean market is to ignore a fundamental pillar of global crypto liquidity. With a trading volume of $6.63 trillion year-to-dat

Leo Wong Chin Wai
Oct 24, 20253 min read


Enzac Research: The Illusion of Stability – Decoding the NFP Mirage and Looming Market Fractures
The June NFP beat (139K vs. 130K expected) has sparked a risk-on rally, but beneath the surface, our proprietary data reveals dangerous...

Globbie Lo
Jun 7, 20252 min read


Enzac Research: Decoding China's Liquidity Surge – A Structural Analysis of PBOC's Multi-Tool Stimulus
The People's Bank of China (PBOC) has initiated a coordinated monetary offensive, deploying ¥382B ($53B) in reverse repos alongside ¥500B...

Globbie Lo
May 29, 20252 min read


Enzac Research: Market Crosscurrents - Dissecting the Post-Tax Bill Landscape & Hidden Stress Points
The passage of Trump's tax bill through the House has unleashed a wave of market recalibration, with equities and bonds exhibiting...

Leo Wong Chin Wai
May 23, 20253 min read


Enzac Research Exclusive: Japan's Bond Market Crisis – A Systemic Threat to Global Liquidity
The Unraveling of Japan's Debt Supercycle Japan's bond market is flashing red alerts as 30-year and 40-year JGB yields experience violent...

Leo Wong Chin Wai
May 20, 20252 min read


Enzac Research: Bitcoin’s Precarious Balance – A Comprehensive Examination of the $95K Threshold and Its Macro Implications
The Realized Cap Anomaly – Unpacking the $889 Billion Benchmark The realized capitalization metric, which aggregates the acquisition cost...

Globbie Lo
May 8, 20254 min read


Market Brief Dollar Dumps, Bitcoin Breaks Out, and Gold Enters Orbit as Trust Erodes
Markets don't wait for confirmation—they react to uncertainty. And this week's sharp cross-asset repricing is a textbook case of what...

Globbie Lo
Apr 22, 20253 min read


Market View Fractures Widen Across Risk Assets as Trade Tensions and Policy Divergence Deepen
The global macro landscape continues to fray at the edges. Equity markets buckled under the weight of renewed geopolitical friction, tech...

Leo Wong Chin Wai
Apr 18, 20253 min read


Market Note - Credit Stress Signals: Fragile Foundations Behind the Rebound
While equity markets are trying to stabilize, the credit markets are telling a different story—one that seasoned investors know never to...

Globbie Lo
Apr 16, 20253 min read


Market Note – Capital Crunch & Strategic Fault Lines
The global risk landscape has taken a sharp turn, with the latest U.S. tariff rhetoric triggering one of the most aggressive liquidity...

Leo Wong Chin Wai
Apr 15, 20253 min read


The Evolution of Bitcoin: From Digital Gold to a Platform for Decentralized Finance
When Bitcoin first emerged in 2009, it was heralded as a groundbreaking innovation—an experiment in creating a new form of digital money,...

BeanBag
Oct 1, 20245 min read


The Significance of Meme Coins 2024
A Brief Overview of Meme Coins Meme coins are a distinctive type of cryptocurrency inspired by online jokes, memes, and trends. Unlike...

BeanBag
Jul 27, 20244 min read


Global Instability and the Implications for the Future
Last Friday's crash of global IT systems was a stark reminder of our vulnerability. This was followed by President Biden's sudden...

Globbie Lo
Jul 24, 20243 min read


Movement Labs: Integrating Move into Blockchain Ecosystems
Abstract Movement Labs is at the forefront of integrating the Move programming language into blockchain ecosystems, aiming to create...

BeanBag
Jun 9, 20244 min read


Overcoming Challenges: A Fresh Perspective for Crypto Startups in Unfavorable Market Conditions
As the crypto bear market looms and the shadows of uncertainty threaten the realm of startups, the ardent pursuit of resilience and...

Leo Wong Chin Wai
May 28, 20235 min read


How can an advanced concentrated liquidity DEX on Aptos act as a saviour in the current DeFi market?
After more than half-year of observation and engagement, many DeFi participants may be in the throes of crypto winter, suffering a...

Elvis Yeung
Sep 26, 20228 min read


The Disruption of the Fine Art Industry by Blockchain Technology
The fine art industry has historically been a capricious arena of the rich. Fine art has been traded and speculated upon since the early...

Elvis Yeung
Sep 6, 20227 min read
bottom of page

