SOTM Nov 9-15, 2023
Welcome to our 147th issue of State of the Market, where we provide an overview of crypto market activity from November 9 - 15, 2023. A fraudulent "iShares XRP Trust" registration appears on the Delaware Division of Corporations website, spurring a brief [...]
Recent
SOTM July 13-July 19, 2023
In our 130th issue of State of the Market, we provide an overview of crypto market activity from July 13th - July 19th, 2023. SEC acknowledges six proposals for Bitcoin ETF applications, indicating a potential step towards the approval of a regulated [...]
SOTM July 6-July 12, 2023
In our 129th issue of State of the Market, we provide an overview of crypto market activity from July 6th - July 12th, 2023. Jacobi Asset Management is launching Europe's first spot Bitcoin exchange-traded fund (ETF), providing financial security and integrity by [...]
SOTM June 29-July 5, 2023
Valkyrie refiles application for a Bitcoin ETF and partners with Coinbase, joining industry giants like BlackRock in strengthening surveillance measures. Altcoins face significant developments with Celsius planning to liquidate over $170 million worth of altcoins and Revolut deciding to delist [...]
SOTM June 22-28, 2023
ARK Invest amends its spot ETF application, aiming to be the first issuer in the market. MicroStrategy purchases an additional 12,333 BTC, increasing its total portfolio to 152,333 BTC. HSBC in Hong Kong introduces services allowing local customers to buy [...]
SOTM June 15-21, 2023
Asset management giant BlackRock files an application with the SEC to offer a spot bitcoin ETF in the U.S. Institutional-focused crypto exchange EDX Markets launches, backed by Fidelity, Citadel, and Charles Schwab. Previous ETF filers WisdomTree, Invesco, and Valkyrie re-apply [...]
SOTM June 8-14, 2023
June has seen a significant hit to cryptocurrency exchange liquidity, with BinanceUS experiencing a staggering 70% market depth decline following a lawsuit from the US Securities and Exchange Commission (SEC). In the wake of similar legal pressures, US-based Coinbase also [...]
SOTM June 1-7, 2023
The US Securities and Exchange Commission (SEC) continues to tighten its grip on cryptocurrency exchanges, with Binance and Coinbase under regulatory fire. Binance faces a litany of charges, including insufficient user fund segregation, operating an unlicensed securities exchange in the [...]
SOTM May 25-31, 2023
The House of Representatives is hurriedly patching over cracks and crevices in the Federal budget, suspending the U.S. debt ceiling in a last-minute agreement late Wednesday night. The bipartisan bill still seeks approval from a Democrat-controlled Senate, but President Biden [...]
SOTM May 18-24, 2023
Past U.S. presidents have harbored hostility towards crypto, but 2024's cast of candidates are coming to consensus on a new view. Last Friday, Robert F. Kennedy Jr. took the stage at the Bitcoin 2023 conference, expressing admiration for the asset's [...]
Special Insights
Trusted Exchange Framework 2.0
Centralized exchanges are a vital part of the crypto ecosystem but vary widely in quality across several use-cases. In order to promote transparency, innovation, and trust for the industry and its users, Coin Metrics is releasing an update to the [...]
Decoding Crypto Pricing
A price is one of the most basic data points of any functioning, active market. Digital assets are traded around the clock, 24 hours a day, 7 days a week, and 365 days a year. These assets are well-known for [...]
What is MEV Anyway?
The concept of MEV has sparked a significant amount of interest and concern in the blockchain community, and this paper aims to shed light on what it is and why it matters. We will begin by examining the fundamental principles [...]