SOTM Feb 22-28, 2024
Welcome to our 161st issue of State of the Market, where we provide an overview of crypto market activity from February 22 - 28, 2024. Bitcoin surges beyond $63K as a storm of ETF inflows fuel buy pressure, with the [...]
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SOTM November 10-16, 2022
"We got overconfident and careless." One week post-FTX implosion, ex-CEO Sam Bankman-Fried turns to Twitter to plead his case. Sam claims he failed to fully grasp his risk exposure, referencing a napkin math estimate of "~$5b of leverage, backed by [...]
SOTM November 3-9, 2022
RIP to FTX after SBF reports funds are MIA. Once praised as crypto's quintessential success story, FTX CEO Sam Bankman-Fried now operates in crisis mode, scrambling to secure emergency funding for the industry's 3rd-largest exchange. By now you've undoubtedly heard [...]
SOTM October 27-November 2, 2022
Twitter officially entered a new era under the helm of Elon Musk last week as the Tesla and SpaceX founder completed his $44 billion takeover of the social media platform following a 6-month saga. With the latest changing of the [...]
SOTM October 20-26, 2022
Decentralization diehards are dancing with the devil, with yield and regulation pushing protocols towards the temptation of trusted third parties. On Monday, DeFi protocol MakerDAO voted to custody $1.6B of USDC with Coinbase's institutional division, earning 1.5% rewards on a [...]
SOTM October 13-19, 2022
Though many firms have folded in the crypto liquidity crunch, top trading platforms continue to up the ante. On Wednesday, FTX chief Sam Bankman-Fried stirred up some controversy, sharing an "industry norms manual" and recommending 'blocklists' to ensure compliance with [...]
SOTM October 6-12, 2022
From cross-chain carnage to DeFi horseplay, this week was characterized by a brand of chaos found only in crypto. According to a recent report from blockchain surveillance firm Chainalysis, October is already the biggest month for hacker activity in 2022, [...]
SOTM September 29-October 5, 2022
Crypto crept into Q4 with hopes for redemption, though October already offers some ominous possibilities. Last week's supposed sabotage of the Nord Stream pipeline was yet another painful blow for European energy infrastructure, pushing the EU to the point of [...]
SOTM September 22-28, 2022
Markets remain resigned as executives exit the crypto industry, extending a sector-wide stretch of corporate restructuring. Following Kraken CEO Jesse Powell's sudden departure from his leadership role last week, FTX US president Brett Harrison announced he'd also be stepping down, [...]
SOTM September 15-21, 2022
Macro forces once again dominate market sentiment after a relatively anticlimactic week of post-Merge activity. Ethereum's shift to proof-of-stake has seen surprisingly few complications, with validator attestation remaining at a healthy 98-99% participation rate and competing proof-of-work forks quickly fading [...]