SOTM Apr 11-17, 2024
Welcome to our 168th issue of State of the Market, where we provide an overview of crypto market activity from April 11 - 17, 2024. U.S. Senators Gillibrand (D-NY) and Lummis (R-WY) jointly advance a stablecoin bill, with a key provision [...]
Recent
SOTM Feb 8-14, 2024
Welcome to our 159th issue of State of the Market, where we provide an overview of crypto market activity from February 8 - 14, 2024. CoinDesk undergoes restructuring, while Ripple expands their M&A activity in the custody space with a bid on [...]
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, [...]
SOTM Jan 25-31, 2024
Welcome to our 157th issue of State of the Market, where we provide an overview of crypto market activity from January 25 - 31, 2024. This week in crypto markets: Celsius emerges from Chapter 11 bankruptcy, with plans to reimburse [...]
SOTM Jan 18-24, 2024
Welcome to our 156th issue of State of the Market, where we provide an overview of crypto market activity from January 18 - 24, 2024. This week in crypto markets: Bitwise becomes the first ETF issuer to disclose their on-chain Bitcoin address, [...]
SOTM Jan 11-17, 2024
Welcome to our 155th issue of State of the Market, where we provide an overview of crypto market activity from January 11 - 17, 2024. Bitcoin spot ETFs see an aggregate $900M+ in net inflows, even when including a ~$500M outflow from [...]
SOTM Jan 4-10, 2024
Welcome to our 154th issue of State of the Market, where we provide an overview of crypto market activity from January 4 - 10, 2024. The SEC approves 11 spot Bitcoin ETFs, with Chair Gary Gensler casting the deciding vote to accept [...]
SOTM Dec 28-Jan 3, 2024
Welcome to our 153rd issue of State of the Market, where we provide an overview of crypto market activity from December 28 - January 3, 2024. On Bitcoin's 15th birthday, investors anticipate imminent ETF approval, with Goldman Sachs & JP Morgan entering [...]
SOTM Dec 21-27, 2023
Welcome to our 152nd issue of State of the Market, where we provide an overview of crypto market activity from December 21 - 27, 2023. New York grants Paxos approval to offer stablecoins on Solana, while FINRA permits Prometheum to offer [...]
SOTM Dec 14-20, 2023
Welcome to our 151st issue of State of the Market, where we provide an overview of crypto market activity from December 14 - 20, 2023. SOL flips XRP to become the 5th-largest crypto asset by market cap, burgeoned by enthusiasm [...]
Special Insights
Decoding the Digital Dollar
Stablecoins have quickly grown from a nascent segment of the digital assets ecosystem to a $100 billion+ market. Stablecoins already form the backbone of decentralized finance (DeFi) applications and the broader crypto-economy, but have the potential to be much more [...]
From Orange Groves to Orange Gold
How crypto assets are to be regulated in the United States is a contentious battleground with high stakes implications for the future of the crypto industry. However, participants in the industry contend that the current regulatory framework is ambiguous, unclear, [...]
The Signal & The Nonce
This paper introduces a methodology for determining the market share of every major Bitcoin mining machine, or ASIC, by analyzing nonce patterns and incorporating data sourced from real-world ASICs. Using novel data produced by our analysis, we can generate estimates [...]