Weekly Market Updates

Crypto Weekly market update - March 20, 2023

Weekly Crypto Market Update – March 20, 2023

Last Week’s Recap: 100% of Circle’s deposits in SVB are secured, and USDC is pegged back at $1. European Central Bank hiked 50 bps but pledged to provide support if needed. The People’s Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR)  by 25 bps to boost liquidity. Leading DeFi lending …

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Crypto Market update. - march 13, 2023

Weekly Crypto Market Update – March 13, 2023

Last Week’s Recap: SVB (Silicon Valley Bank) and SBNY (Signature Bank New York) both blew up last week being unable to cover depositor withdrawals and taking huge losses on bonds. $USDC de-pegged during FUD that Circle had ~3.3B stuck in Silicon Valley Bank, but recovered to close to $1 after Circle announced that 100% of …

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Weekly Crypto Macro Market Update - March 6 2023

Weekly Crypto Market Update – March 6, 2023

Last Week Recap Silvergate failed to file its annual financial report on time and told the SEC that it may be “less than well-capitalized. Ethereum developers target March 14th for the Shanghai upgrade on the Goerli testnet. ConsenSys zkEVM is ready for public testnet. Uniswap introduced a mobile wallet. Binance launches AI-powered NFT generator platform …

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Weekly Crypto Macro Market Update - February 2023

Weekly Crypto Market Update – February 27, 2023

Last Week Recap The U.S. PCE increased 0.6% in January (4.7% YoY), higher than the expected 0.5% (4.4% YoY). Coinbase launched a new layer 2 Base, which is built on Optimism OP Stack with no network token issue plan. Coinbase reported $629 million in revenue and a loss of $2.46 per share, both better than …

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Weekly Crypto Market Update – February 20, 2023

Last Week Recap U.S. Jan CPI is up 0.5% MoM and 6.4% YoY, slightly higher than the expected 0.4% and 6.2% SEC issued Wells notice to Paxos, and Paxos is ordered by the New York Department of Financial Services to stop issuing BUSD Shanghai upgrade will be launched on the Sepolia test network on February …

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Weekly Crypto Macro Market Update - February 13, 2023

Weekly Crypto Market Update – February 13, 2023

Last Week Recap Powell’s speech in Washington mentioned that further interest rate increases are still likely  “If we continue to get strong labor market reports or higher inflation reports.” Binance suspended all USD bank transfers from Feb 8th temporarily. Lido proposed V2 including a staking route, where anyone can develop on-ramps for new Node Operators, …

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Crypto Weekly Macro Market Update - February 6, 2023

Crypto Macro Market Update – February 6, 2023

Last Week Summary FED hiked well expected 25 bps and Powell showed a dovish tone during a press conference. Meta beat revenue expectations while Apple, Amazon, and Google all reported earnings that disappointed investors. U.S. non-farm payrolls recorded an increase of 517,000 in January, significantly higher than expected. Coinbase NFT announced it’s “pausing” future NFT

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Kairon Labs - Leading Crypto Market Maker (Market Update) January 23, 2023

Crypto Macro Market Update – January 23, 2023

Last Week Summary Crypto Lending Firm Genesis files for bankruptcy. SBNY (Signature bank) restricts crypto deposits to Binance under $100k via SWIFT. The US DOJ announced the“International Cryptocurrency Enforcement Action”, and seized Bitzlato, a Hong Kong-based, Russian-owned crypto exchange. NEXO reached a settlement with SEC by paying a $45M fine and stopping Earn products. Robinhood …

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Kairon Labs - Leading Crypto Market Maker (Market Update) January 16, 2023

Crypto Macro Market Update – January 16, 2023

Last Week Summary Crypto continued to rally since the job report with US CPI cooling down as expected. AVAX partnered with AWS to accelerate the adoption of blockchain. SEC Charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program. According to Kaiko, Binance’s market share …

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