Caladan Crypto Market Maker Expands US Operations, Opens New Office in New York

WOO X collaborates with Caladan to provide institutional-grade trading strategies.

GM! We're back with this week's 4th edition of the Caladan Weekly, a sharp, data-driven read on digital asset markets, liquidity flows, and treasury optimization for institutions. Credits to @0xavarek for the writeup. Below is a preview of the full digest. Subscribe below to see the full version 👇 -- The Caladan Weekly | Geopolitical Oil Shock Validates DeFi Infrastructure as Counter-Cyclical Institutional Asset -- Key Takeaways: - Crisis Impact: Israel-Iran conflict escalation drove oil prices up 7% to $74.23/barrel, triggering synchronized 4-7% declines across major cryptocurrencies as geopolitical risk-off sentiment dominated markets - DeFi Resilience: Despite broader market stress, DeFi lending achieved record $55B TVL while liquid staking protocols maintained $41.45B combined TVL, demonstrating institutional confidence in decentralized infrastructure - Altcoin Performance: @aave (-2.38%) and @MorphoLabs Blue (+1.47%) significantly outperformed traditional markets and crypto assets, suggesting DeFi lending benefits from increased borrowing demand during volatile periods - Infrastructure Divergence: Layer-2 bridges showed mixed performance, with @veda_labs (+10.08%) and @sparkdotfi (+2.21%) gaining ground while @base Bridge declined 21.66%, reflecting varying institutional exposure to traditional finance volatility - Market Evolution: Analysis indicates DeFi infrastructure has matured beyond experimental technology to become institutional financial infrastructure providing crisis-period utilities unavailable in traditional markets

Here is the translated content in English: Good Morning! We're back with this week's 3rd edition of Caladan Weekly, a sharp, data-driven read on digital asset markets, liquidity flows, and treasury optimization for institutions. Credits to @0xavarek for the writeup. As always, whatever we show is a preview of the full digest. Subscribe below to see the full version 👇 -- Caladan Weekly: How $35B Cross-Chain Capital + Restaking Infrastructure Signal Institutional Market Evolution -- Key Takeaways: - $BTC maintains $100K+ stability with $1.2B ETF inflows and 0.88 accumulation score signaling institutional re-entry after Q1 correction - $ETH's 6.3x volume efficiency versus Bitcoin drives 50% monthly surge, amplified by Metalpha's $48M strategic withdrawal and 67% holder profitability - DeFi governance "efficiency premium" emerges: @compoundfinance (+28%) outperforms @AAVE (+15%) despite 11.5x smaller TVL following SEC regulatory clarity - Bitcoin bridge dominance creates $35.7B arbitrage economy with $WBTC leading at 115bp premium over centralized alternatives across multi-chain infrastructure - Yield protocols show execution divergence: @pendle_fi leads at +14% while multi-chain strategies (@DesynLab -0.4%, @CIAN_protocol -1.16%) face coordination challenges - Volatility segmentation reveals market maturity: ultra-low (Bitcoin +0.23%), infrastructure premium (@chainlink +5.47%), high utility volatility (@Uniswap +17%) - Restaking infrastructure outpaces bridges 3:1 in growth (6.2% vs 1.9% weekly), with single-chain protocols controlling 62.2% of $29.9B total TVL

Variational Announces Completion of $1.50 Million Strategic Financing and Launches Growth Plan

Good morning! Our team at Caladan is excited to launch our new weekly digest, Caladan Weekly, a sharp, data-driven read on digital asset markets, liquidity flows, and treasury optimization for institutions. Credits to @0xavarek for the writeup. Below is a preview of the digest and a subscribe link to sign up ✍️ -- Caladan Weekly: Multi-Signal Analysis Uncovers Hidden Institutional Patterns and Execution Windows Most Analysts Miss -- Key Takeaways: - A 2.3x efficiency gap between top DeFi protocols creates an institutional arbitrage window - $BTC’s Stealth Accumulation: Bitcoin's $31.800B daily volume with -0.10% price movement (14.6x volume-to-volatility ratio) indicates treasury-scale positioning - Execution Window: Current conditions support $200M Bitcoin and $75M $ETH block trades without material slippage - a rare 2-3 month opportunity - Early Warning Signals: @HyperliquidX 's +12 search premium historically precedes institutional positioning within 30-60 days - Infrastructure Maturation: $59.850B protocol concentration across 3 platforms creates operational efficiency, not systemic risk Stealth Accumulation Decoded: 14.6x Volume-to-Volatility Ratios Signal Institutional Rotation Windows - Bitcoin: 14.6x volume-to-volatility = institutional rotation mode - Ethereum: 4.2x higher velocity = infrastructure building phase - Rare execution window: $200M Bitcoin, $75M Ethereum capacity

Asia Trading Firm Caladan Targets US Market Amid Trump’s Pro-Crypto Pivot ► https://t.co/DG54la5FPO https://t.co/DG54la5FPO

Stablecoin project Hyperdrive completes $6 million Series A funding round, led by Hack VC and others

Wu reported that the stablecoin yield infrastructure project Hyperdrive announced the completion of a $6,000,000 Series A funding round, led by Hack VC and Arrington Capital, with participation from Delphi Digital, SIG, PROOF VC, Caladan, Amber Group, CMS Holdings, and others. In addition, Hyperdrive also launched a $1,000,000 community funding round through Comfy Capital and Breed VC on Echo, with terms consistent with those for institutional investors. The project will launch on the Hyperliquid platform on May 27. https://t.co/axFXTWErz9

Stablecoin yield infrastructure project Hyperdrive announces completion of $6 million Series A funding round

We’re thrilled to welcome @msjuliazhou, COO at @caladanxyz, to the stage at InnovateToronto.Julia leads Caladan’s investments, market-making, and structured products for leading blockchain and infrastructure projects. https://t.co/Ig1a4jYdms

Layer 1 blockchain Kaia completes a new round of financing, led by 1kx and Blockchain Capital

Meet @willleung28, Head of Partnerships at Caladan in Dubai 🇦🇪 He'll be speaking at the Tokenized Capital Summit event hosted by @GammaPrime_Fi on April 29 at TOKEN2049 Dubai See you there! https://t.co/1WydugXx1X

Caladan is heading to TOKEN2049 Dubai! We’re excited to connect with protocols, treasuries & asset managers about onchain liquidity, market structure & the future of DeFi. Proud to deepen our presence in MENA after opening our Dubai office last year 🇦🇪🌍 DMs are open📩 https://t.co/36E50hR2yQ

📢 @get_optimum, a decentralized, performance-enhancing memory layer for any blockchain, has raised $11M in a seed funding round led by @1kxnetwork and @Robotventures! Participation from Robot Ventures, @FinalityCap, @TheSpartanGroup, @CMT_Digital, @Snzholding, @Triton_xyz, @BigBrainVC, @Cmsholdings, @LongHashVC, @NGC_Ventures, @Animocabrands, @GSR_io, Caladan, @Reforge, and others.

Latest news: We’re opening a Caladan office in Vietnam 🇻🇳 We loved the energy and vibes (and banh mi!) in Ho Chi Minh, and we can't wait to continue building with our talented team🦾💪 Read more: https://t.co/5E6OzoZHl1

Web3 memory layer project Optimum has completed an $11 million seed round led by 1kx, with participation from Robot Ventures, Finality Capital, Spartan, CMT Digital, SNZ, Triton Capital, Big Brain, CMS, Longhash, NGC, Animoca, GSR, Caladan, and Reforge. Optimum utilizes Random Linear Network Coding (RLNC) technology to address blockchain data propagation and storage efficiency issues, optimizing the decentralized memory layer. It is now live on a private testnet, open for testing to L1s, L2s, and node operators. (CoinDesk) https://t.co/60rN0Y3F4x

Optimum has completed a $11 million seed round financing, led by 1kx.

Optimum completed a $11 million seed round financing, led by 1k.

What legal and financial considerations should foundations keep in mind? Here's a brief recap of the "Private Foundation Strategy Session @ ETH Seoul" co-hosted by Xangle and @caladanxyz. In the first session, Kang Won-mo, an attorney at Lee & Ko, and Jin Hyun-soo (@CryptLawyer), the representative attorney at Dissent Law Firm, presented on "Ways for Korean Institutions to Participate in the Virtual Asset Market." Both speakers pointed out that the high level of uncertainty due to positive regulations and the lack of specific laws make it difficult for domestic institutions and companies to enter the cryptocurrency market. Fortunately, with the recent partial allowance of corporate account openings, corporate cryptocurrency trading is expected to be possible on major exchanges starting next year, which is expected to lay the groundwork for institutional funds to enter the market. In particular, Kang Won-mo of Lee & Ko discussed the industry outlook, focusing on the cases of cryptocurrency ETF issuance and institutional integration in the United States, emphasizing that "it is important for overseas foundations and institutions, as well as domestic corporations, that want to develop related businesses to respond meticulously to compliance issues." In the second session, @zk_bella, Caladan's APAC Client Partner, presented on the topic of "From Stablecoin Management to Structured Option Strategies." She mentioned that many foundations manage their finances primarily around their own tokens instead of BTC or ETH, and therefore require revenue strategies tailored to this approach. For example, she discussed how derivative strategies such as vanilla options provided by Caladan can reduce the risk of holding tokens and increase returns. She emphasized that such altcoin-based fund management strategies can play an important role in enhancing the financial sustainability of foundations. This session was a place where broad insights were shared on Korea's regulatory environment and related strategies for entering the institutional system, as well as strategies for treasury monetization and risk management for foundations. In particular, attendees were able to learn about the aspects to consider in the upcoming regulatory easing environment.