State of the Market

The SEC stole the show for weeks, but the CFTC just fired the biggest shot yet in the crusade to cull crypto. In a 74-page complaint issued Monday, the U.S. commodities regulator sued digital asset behemoth Binance over a lack [...]

Just as the tides of monetary tightening go out, banks find themselves deep underwater. Credit Suisse is Europe's early warning— following a 38% outflow of deposits in Q4, the bank's perceived insolvency risk soared, with Credit Default Swap (CDS) rates [...]

Banking confidence looks bottomless following a flurry of institutional implosions. Between Friday's FDIC seizure of Silicon Valley Bank and Sunday's sweeping bailout of depositors, bank runs have become a central concern. Though the U.S. front-ran the withdrawal drama, European entities [...]

Once hailed as the gateway to mass adoption, institutions have been no silver bullet for crypto's liquidity woes. After losing key partners like Coinbase, Paxos, and Circle, Silvergate Capital has finally shuttered its "crypto-friendly" bank, voluntarily liquidating the entity's assets [...]

With regulators refusing to turn the page, crypto companies are taking extra time to get their papers in order. Though top BTC miner Marathon Digital was originally set to deliver a Q4 earnings report on Tuesday, MARA postponed the call [...]

The latest Fed minutes left investors second-guessing how long the rate hike cycle would last. The majority of Federal Reserve officials appeared to support a 25 bps uptick, though several members cautioned a 'higher-for-longer' approach would follow considering the strength [...]

After months of kicking the regulatory clarity can, Gensler's SEC is putting their foot down on crypto compliance. Following Thursday's forced shutdown of Kraken's U.S. staking operations (paired with a $30M fine), the SEC chair warned that "labels don't matter," [...]

Crypto's own "Operation Choke Point" is allegedly under way as the long arm of the law tightens its grip on bridges between dollars & digital assets. On Wednesday, Coin Metrics co-founder Nic Carter penned a piece outlining a timeline of [...]

This week the market told the Fed to take a hike, with CME's Federal Fund futures pricing in a near-99% probability the U.S. would raise rates by 25 bps. Powell didn't put up much of a fight— during Wednesday's FOMC [...]

The Layer-1 era has returned, with base-level blockchains booming amid a mass migration of dApps and NFT projects.  Among a basket of big movers is Aptos (APT), a Move-based blockchain spun off from Meta's defunct Libra/Diem project. Since the start [...]