SOTM May 16-22, 2024
Welcome to our 173rd issue of State of the Market, where we provide an overview of crypto market activity from May 16 - 22, 2024. FIT21 passes in the House of Representatives 279-136, with 71 Democrats breaking ranks to approve the digital [...]
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SOTM December 15-21, 2022
In the depths of crypto winter, FTX executives are home for the holidays. After a brief stint in a Bahamian prison, Sam Bankman-Fried waived his right to formal extradition proceedings, surrendering himself to the long reach of the U.S. regulatory [...]
SOTM December 8-14, 2022
Investors better not pout about Powell's December rate raise— following 4 consecutive 75 basis point hikes, 50 bps is hardly a lump of coal for 2022's final FOMC. Year-over-year inflation remains above 7%, and some even suspect the Fed will [...]
SOTM December 1-7, 2022
The slow motion car-crash of crypto contagion is gradually losing momentum as investors cautiously settle into the post-FTX era. Make no mistake, Sam Bankman-Fried is still the industry's primary person of interest. The Senate Banking Committee has demanded he attend [...]
SOTM November 24-30, 2022
Disgraced crypto kingpin Sam Bankman-Fried continues to command the spotlight, airing apologies for FTX's failure on a variety of primetime TV programs. During a Wednesday-night appearance at the New York Times' Dealbook conference, SBF remained committed to his story— FTX [...]
SOTM November 10-16, 2022
"We got overconfident and careless." One week post-FTX implosion, ex-CEO Sam Bankman-Fried turns to Twitter to plead his case. Sam claims he failed to fully grasp his risk exposure, referencing a napkin math estimate of "~$5b of leverage, backed by [...]
SOTM November 3-9, 2022
RIP to FTX after SBF reports funds are MIA. Once praised as crypto's quintessential success story, FTX CEO Sam Bankman-Fried now operates in crisis mode, scrambling to secure emergency funding for the industry's 3rd-largest exchange. By now you've undoubtedly heard [...]
SOTM October 27-November 2, 2022
Twitter officially entered a new era under the helm of Elon Musk last week as the Tesla and SpaceX founder completed his $44 billion takeover of the social media platform following a 6-month saga. With the latest changing of the [...]
SOTM October 20-26, 2022
Decentralization diehards are dancing with the devil, with yield and regulation pushing protocols towards the temptation of trusted third parties. On Monday, DeFi protocol MakerDAO voted to custody $1.6B of USDC with Coinbase's institutional division, earning 1.5% rewards on a [...]
SOTM October 13-19, 2022
Though many firms have folded in the crypto liquidity crunch, top trading platforms continue to up the ante. On Wednesday, FTX chief Sam Bankman-Fried stirred up some controversy, sharing an "industry norms manual" and recommending 'blocklists' to ensure compliance with [...]