Research

Stay up-to-date with release notes, news, research and insights from SUN ZU Lab.

This is where you will find the free in-depth publications from our team of experts - from data-driven research to rigorous non-quantitative analysis.

Tether as a Central Bank

Central banks routinely issue money without any reserve backing it. Could Tether do the same and become the first decentralized central bank? I have expressed before skepticism about Tether (a.k.a USDT) and the fact that a high level of uncertainty still exists on the actual level of reserves backing the token issuance. For all the bad press […]

What is prime brokerage and how does it apply to digital assets?

There is a lot of talk in the crypto economy about prime brokerage: many participants frame themselves as “prime brokers” (PB), with the usual superlatives. What exactly are we talking about? A broker is an intermediary between a buyer and a seller: for a multitude of reasons despite the costs involved, it often makes sense […]

Is Bitcoin a safe haven in times of crisis?

This article examines the behavior of various assets during the recent crash, specifically bitcoin, ether, equity markets (in the form of the S&P 500), bond markets (in the form of U.S. interest rates), and gold. The study specifically addresses the following question: did bitcoin withstand the downturn better than other assets, and would an investor have had an incentive to transfer some of his positions in Bitcoin before the downturn?

We’ll shortly have a publication for this category. Come back soon!