In this report, we aim to take readers on a tour of the crypto horizon, summarizing the most important market developments we are tracking from our institutional practice. We cover core network and financial growth metrics for Bitcoin and Ethereum, exchange volumes, transaction cost analysis and the market impact of large trades, our institutional practice’s product and strategy evolution, our outlook on ETFs, growth in the stablecoin market, DeFi, highlights from our M&A activity, Bitcoin and the environment, and the intersection of crypto and politics.
