SOTM Feb 15-21, 2024
Welcome to our 160th issue of State of the Market, where we provide an overview of crypto market activity from February 15 - 21, 2024. AI excitement trickles over to crypto, with tokens like OCEAN & FET pumping and ETH's Vitalik Buterin [...]
Recent
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 [...]
SOTM May 11-17, 2023
Though "Mint the Coin" sounds like something you'd hear in crypto circles, the phrase is now a trending topic in U.S. Congress. The federal budget is at the mercy of a debt ceiling standoff, with the upper bound of U.S. [...]
SOTM May 4-10, 2023
On-chain activity is shattering records as Bitcoin and Ethereum experience a torrent of token trading. Despite the memecoin's apparent lack of utility, the Pepecoin (PEPE) ERC-20 captured a market cap of nearly $1.6B, though the asset since surrendered 50% of [...]
SOTM April 27-May 3, 2023
First Republic has joined the ranks of failed regional banks, beating SVB's breakdown to become the 2nd-largest banking collapse in U.S. history. The FDIC seized control of First Republic over the weekend after the bank failed to rally enthusiasm for [...]
Special Insights
The Rise of NFTs
Since the dawn of the Internet people have been creating content and sharing it online. From videos, to music, to memes, the web is full of digital objects. But for most of the Internet’s history there hasn’t been a way [...]
The Crypto Futures Data Primer
Derivatives are complex investment products, often used as part of advanced trading strategies. Understanding futures fundamentals can give you deeper insight into market dynamics and price movement. In this piece we explore the basics of crypto futures data. In particular, [...]
On-Chain Indicators
Bitcoin represented (among other things) a huge step forward in terms of financial data transparency. Since all transactions are publicly recorded on-chain, a whole new set of fundamental indicators is available to crypto investors. We take a look at some [...]