Contextualizing the week’s crypto market movement
- Original Research
- State of the Network
- State of the Market
SOTM March 23-29, 2023
The SEC stole the show for weeks, but the CFTC just fired the biggest shot yet in the crusade to cull crypto. In a 74-page complaint issued Monday, the U.S. commodities regulator sued digital asset behemoth Binance over a lack [...]
SOTM March 16-22, 2023
Just as the tides of monetary tightening go out, banks find themselves deep underwater. Credit Suisse is Europe's early warning— following a 38% outflow of deposits in Q4, the bank's perceived insolvency risk soared, with Credit Default Swap (CDS) rates [...]
SOTM March 9-15, 2023
Banking confidence looks bottomless following a flurry of institutional implosions. Between Friday's FDIC seizure of Silicon Valley Bank and Sunday's sweeping bailout of depositors, bank runs have become a central concern. Though the U.S. front-ran the withdrawal drama, European entities [...]
SOTM March 2-8, 2023
Once hailed as the gateway to mass adoption, institutions have been no silver bullet for crypto's liquidity woes. After losing key partners like Coinbase, Paxos, and Circle, Silvergate Capital has finally shuttered its "crypto-friendly" bank, voluntarily liquidating the entity's assets [...]
SOTM February 23-March 1, 2023
With regulators refusing to turn the page, crypto companies are taking extra time to get their papers in order. Though top BTC miner Marathon Digital was originally set to deliver a Q4 earnings report on Tuesday, MARA postponed the call [...]
SOTM February 16-22, 2023
The latest Fed minutes left investors second-guessing how long the rate hike cycle would last. The majority of Federal Reserve officials appeared to support a 25 bps uptick, though several members cautioned a 'higher-for-longer' approach would follow considering the strength [...]
SOTM February 9-15, 2023
After months of kicking the regulatory clarity can, Gensler's SEC is putting their foot down on crypto compliance. Following Thursday's forced shutdown of Kraken's U.S. staking operations (paired with a $30M fine), the SEC chair warned that "labels don't matter," [...]
SOTM February 2-8, 2023
Crypto's own "Operation Choke Point" is allegedly under way as the long arm of the law tightens its grip on bridges between dollars & digital assets. On Wednesday, Coin Metrics co-founder Nic Carter penned a piece outlining a timeline of [...]
SOTM January 26-February 1, 2023
This week the market told the Fed to take a hike, with CME's Federal Fund futures pricing in a near-99% probability the U.S. would raise rates by 25 bps. Powell didn't put up much of a fight— during Wednesday's FOMC [...]
SOTM January 19-25, 2023
The Layer-1 era has returned, with base-level blockchains booming amid a mass migration of dApps and NFT projects. Among a basket of big movers is Aptos (APT), a Move-based blockchain spun off from Meta's defunct Libra/Diem project. Since the start [...]