Independent research · est. 2024

The crypto market, read closely
not just reported.

Crypto and Down is an independent research desk making sense of bitcoin, DeFi, layer-2s and market structure. Sharp written analysis, deep-dive videos, and a weekly live stream where we read the tape together.

120+
Published briefings
52
Weekly streams / yr
2
Analysts on the desk
Market context
  • BTC$64,210+2.4%
  • ETH$3,148−0.8%
  • SOL$142.6+3.1%
  • DeFi TVL$98.4B+1.1%
  • Stables$161B0.0%
Indicative · refreshed weekly

The desk

Two analysts. One mandate: read closely, and correct the record.

Crypto and Down is independently run by Rae Toussaint and Jamaal Johnson — no sponsored takes, no paid placements, no token holdings hidden after the fact.

Rae Toussaint

Co-Founder & Lead Analyst

Twelve-plus years in e-commerce strategy, supply chain, and technology — currently a Supply Chain Project Manager at FedEx and based in Austin, Texas. Rae holds certifications in blockchain and Web3 transformations for global supply chains, and brings a supply-chain and on-chain lens to how crypto actually moves, settles, and clears.

  • Bitcoin cycles & flows
  • DeFi protocol economics
  • Layer-2 value capture

Jamaal Johnson

Co-Founder & Crypto Strategist

Jamaal leads the desk’s tokenomics and regulatory coverage — breaking down how tokens are structured, distributed, and governed, and translating new rules into what they actually mean for builders and holders. His mandate is to separate real design from narrative.

  • Tokenomics
  • Regulation & policy
  • Market structure

Coverage

  • Bitcoin cycles, flows & on-chain demand
  • DeFi protocol economics & risk
  • L2s fees, sequencing & value capture
  • Regulation what the rules actually do

Weekly live

Read the tape, live

Every Thursday at 7:00 PM CT I go live to walk through the week's moves, open the order book, and take questions. Replays are published as videos.

Research

Latest analysis

Long-form briefings with a thesis, the data, and an explicit “what would prove me wrong.”

The Desk

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