SOTM July 27-Aug 2, 2023

Despite the humdrum price action, this week brought about a barrage of major crypto industry developments. On Tuesday, Fidelity Investments announced an innovative new 401(k) plan (dubbed a "Digital Asset Account") that would allow eligible individuals to allocate a portion [...]

With spot volumes slipping and volatility continuing to crater, crypto markets have remained relatively muted, extending Bitcoin's trend of consolidation at the $40K level. The conflict in Eastern Europe looms large, with increasingly aggressive Russian forces "claiming victory" over Ukraine's [...]

Historic resistance levels have begrudgingly flipped into support as BTC and ETH walk the tightrope near $40K and $3K. On the heels of the Bitcoin 2022 conference, investors are weighing the impact of various announcements, from regional regulation to commercial [...]

Even as markets inch lower, spirits remain high as the crypto community converges on Miami for the 2022 Bitcoin Conference. High-profile firms are capitalizing on the excitement, announcing major capital raises & product releases. In the exchange domain, Binance.US has [...]

Bears are in full retreat as cryptoassets rapidly reclaim price levels last seen late 2021. Investors have scrambled to explain the abrupt move up, largely attributing the recovery to buying pressure from stablecoin sweetheart Terraform Labs. The Singapore-based entity has [...]

Traders are treading carefully as markets wobble in the wake of the Federal Reserve’s recent rate hike. While many major indices initially shrugged off the 0.25% uptick in the U.S. federal funding rate, Fed Presidents like Mary Daly have offered [...]

After 3 years of being bottled up, interest rates are finally moving higher. On Wednesday, the Fed announced the first hike since Dec. 2018, increasing their benchmark rate by 25 bps. Notably, the FOMC now forecasts 7 hikes through 2022, [...]

As the Eastern European conflict drags stubbornly on, the market has moved in fits and starts, fluctuating wildly through the latest series of (unsuccessful) peace talks between Russia & Ukraine. While the West has stopped short of direct military involvement, [...]

A week into Putin’s campaign to topple Ukraine, the West has begun wielding the blunt power of financial sanctions, forcing fractures in the global economy. The biggest blow was the U.S. decision to cut Russia’s central bank off from SWIFT, [...]