SOTM Feb 1-7, 2024
Welcome to our 158th issue of State of the Market, where we provide an overview of crypto market activity from February 1 - 7, 2024. Solana experiences a major 5-hour outage due to a recent upgrade, though SOL price remains relatively unfazed, [...]
Recent
SOTM June 30-July 6, 2022
Legal proceedings have consumed the digital asset industry, leaving many investors frustrated with their findings in the fine print. On Tuesday, Voyager Digital filed for Chapter 11 bankruptcy, kicking off a lengthy process of debt restructuring after Three Arrows Capital [...]
SOTM June 23-29, 2022
Crypto companies are undergoing major shake-ups as bailouts and bad earnings spur a series of corporate reorgs. Hedge fund Morgan Creek Digital and Sam Bankman-Fried's FTX are in a tug-of-war over BlockFi, battling for the right to offer the lending [...]
SOTM June 16-22, 2022
The liquidation cascade has swelled into a tsunami as crypto firms nervously eye even their most credible counterparties. As the full extent of the Three Arrows Capital insolvency continues to unfurl, the fund’s creditors have scrambled to secure financing, providing [...]
SOTM June 9-15, 2022
The crypto rumor mill is churning with accusations of insolvency as leverage begins to unwind across the ecosystem. Second-order effects of the TerraUSD collapse are quickly setting in, with notable crypto lender Celsius Network on the brink of foreclosure after [...]
SOTM June 2-8, 2022
Hawkishness is back in vogue as central banks nix stimulus in an effort to curb decades-high inflation. On the heels of rate hikes from Australia, Canada, and the U.S., the European Central Bank has joined the tightening team, confirming they'd [...]
SOTM May 26-June 1, 2022
Crypto markets are struggling to regain composure as Bitcoin staggers around the $30K level. This week was characterized by more chop, with the correlation between cryptoassets and traditional finance on a slight retreat as the two sectors oscillate between risk-on [...]
SOTM May 19-25, 2022
Though the crypto slump has reached a state of strained stasis, investors remain wary of the market's downward momentum. For the first time in its history, Bitcoin has formed 8 consecutive red weekly candles, with a 9th negative close quickly [...]
SOTM May 12-18, 2022
Terra troubles continue to dominate headlines as crypto investors reluctantly recalibrate their risk management techniques. Following a failed campaign to prop up the TerraUSD stablecoin, the circulating supply of LUNA has ballooned exponentially, skyrocketing 1,000,000% to nearly 7 trillion coins [...]
SOTM May 5-11, 2022
All eyes are on LUNA as the Terra ecosystem implodes in what many pundits are dubbing crypto's 'Lehman Brothers' moment. After TerraUSD's brief reign as the 3rd-largest stablecoin, UST's peg to the dollar has unraveled, plummeting as low as $0.30 [...]