State of the Market

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 [...]

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 [...]

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, [...]

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 [...]

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, [...]

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 [...]

If you're reading this, Ethereum is proof-of-stake. After reaching the Terminal Total Difficulty (TTD) of 58,750,000,000T early Thursday morning, the ecosystem's 2nd largest cryptoasset successfully executed "the Merge," fusing the existing smart contract layer with the consensus layer. The transition [...]

Stablecoins are back in the spotlight as regulators, issuers, and exchanges spar at the intersection of fiat and crypto. Russia stepped into the ring on Tuesday, with deputy finance minister Aleksey Moiseyev reportedly planning to "work with friendly countries"to create [...]

Market sentiment has gone for a dip in the wake of Jay Powell's salient symposium at Jackson Hole. Though many pundits predicted the Fed chairman would pivot away from his campaign to escalate rates, Powell once again reaffirmed the central [...]