Now Available: Q2 2024 Crypto Market Report
Tether
19/06/2023 Data Debrief
The Data Behind Tether's DepegCrypto markets made slight gains this week after the Fed decided to pause interest rate increases, a bullish signal for risk assets, and Blackrock filed for a spot bitcoin ETF, a surprise move amid a tough U.S. regulatory environment.
Written by The Kaiko Research TeamCEX
12/06/2023 Data Debrief
Market Makers Flee Binance.USWhat a week. Binance and Coinbase were each hit with major lawsuits by the SEC, causing heavy volatility and an altcoin sell-off. In other news, Tether invested in a BTC mining company, the Arbitrum network stopped for one hour, and Australia’s largest bank will limit crypto transactions.
Written by The Kaiko Research TeamPrivacy
05/06/2023 Data Debrief
The Fraught Future of Privacy TokensBitcoin whipsawed over the past week, closing lower on Sunday after a mixed U.S. jobs report. In industry news, Binance appointed a possible CZ successor as regional director, Celsius has deposited $745 million of ETH into staking contracts since June 1, and Coinbase’s derivatives exchange will offer new BTC and ETH futures this week.
Written by The Kaiko Research TeamEthereum
29/05/2023 Data Debrief
72% of ETH liquidity is concentrated on 5 exchangesBitcoin gained some ground early on Monday as U.S. lawmakers reached a debt ceiling deal in principle. Hong Kong confirmed it will allow retail traders to trade certain crypto assets starting June while the Digital Currency Group (DCG) closed its trade execution and prime brokerage units, citing bear market and regulatory uncertainty.
Written by The Kaiko Research TeamTether
22/05/2023 Data Debrief
Why is Tether's market cap approaching all time highs?Bitcoin lost some ground this week, down about 2%, as crypto trade volumes slipped to yearly lows. In other industry news, Digital Currency Group missed a $630 million payment owed to crypto exchange Gemini last week, the SEC responded to Coinbase’s lawsuit and Tether announced it would start buying BTC with 15% of its excess profits. In this week’s Debrief we explore:
Written by The Kaiko Research TeamBinance
15/05/2023 Data Debrief
Market Makers Continue to Reduce LiquidityBTC and ETH erased most gains as the Dollar made a strong comeback. In industry news, the Ethereum network suffered technical issues, U.S.-based Bakkt de-listed 25 tokens under regulatory pressure, and Binance.US is reportedly trying to cut CZ’s dominant stake in the exchange.
Written by The Kaiko Research TeamBinance
09/05/2023 Data Debrief
Binance halts withdrawals as BTC fees surgeBitcoin closed the week in the red after network congestion led Binance to halt withdrawals twice over the past 48 hours, the U.S. Fed hiked rates but opened the door for a pause amid lingering banking turmoil, Coinbase reported smaller than expected loss in the first quarter while Bittrex filed for bankruptcy.
Written by The Kaiko Research TeamBinance
02/05/2023 Data Debrief
TUSD Depegs Amidst Heavy BorrowingThis week saw continued banking and regulatory fallout as JPMorgan Chase acquired First Republic, Binance.US withdrew from the Voyager deal citing regulatory uncertainty, and Coinbase sued the SEC demanding clear rules for crypto.
Written by The Kaiko Research Team