Currents Shift After SEC v. Ripple Summary Judgment
In a significant development for the digital assets industry as a whole, the U.S. District Court for the Southern District of New York issued a partial summary judgment on July 13th, favoring some of Ripple Labs Inc.’s defense in its protracted enforcement [...]
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The State of the Network Q1 Wrap-Up
Crypto has already undergone rapid expansion in 2021. We’ve seen new all-time highs and a new wave of adoption and excitement. In this special issue of State of the Network we look back at Q1 2021 and analyze the data [...]
The Ethereum Gas Report
Ethereum adoption is growing like never before. Decentralized finance (DeFi) continues its rapid rise, stablecoins are being adopted around the world, and NFTs are becoming an everyday topic of conversation.
A Year After The Crash
On March 12, 2020, amid rising panic over the rapid spread of COVID-19, bitcoin (BTC) crashed from about $8,000 to under $4,000 in a 24 hour period. The rest of the crypto market came crashing down with it. Now, a [...]
Measuring Ethereum Miner Activity
The Ethereum community has always had a somewhat strained relationship with miners. The network’s proof of work algorithm, Ethash, was explicitly designed to be resistant to ASIC mining and hence miner professionalization. Since then, the network’s migration to Proof of [...]
Back on Solid Ground
The market took a downturn last week after bitcoin (BTC) reached as high as $58K. The stock market also sold off as the 10-year Treasury note yield had its highest one-month increase since 2016. As a result of the dual selloffs the [...]
Analyzing Miner to Exchange Flows
Miners are often considered natural sellers of bitcoin (BTC). Their revenue is earned from block rewards and transaction fees which are paid out in BTC. But their costs, like electricity and rent, are paid using fiat currencies. Miners therefore need [...]
Crypto Trust Supply Sinks
Late last week BNY Mellon, the world’s largest custodian bank with over $2 trillion in assets under management, became the latest institution to announce support for digital currencies.
Inflection Points
Tesla announced a $1.5B purchase of bitcoin on Monday, less than two weeks after Elon Musk added #bitcoin to his Twitter bio. The large buy adds Tesla to the growing list of public companies buying and holding bitcoin (BTC) in their treasuries.
In Retrospect, It Was Inevitable
The stock market was turned upside down last week. Retail investors organized on Reddit and took over, making a killing off of heavily shorted stocks like GME and AMC while major hedge funds lost billions.