Did Sam Bankman-Fried Secretly Cash Out $1.5M?

Did Sam Bankman-Fried Secretly Cash Out $1.5M?

Key Takeaways Sam Bankman-Fried may have sent over $1.48 million worth of crypto to various exchanges to cash out the funds. One of his publicly-known wallets, along with numerous known Alameda wallets, consolidated funds together and then proceeded to ramp them off...
Fed Hikes Rates by Only 50 Basis Points

Fed Hikes Rates by Only 50 Basis Points

Key Takeaways The U.S. central bank announced today that it was increasing the federal interest rates by 50 basis points. The decision brings rates to a range between 4.25% and 4.50%. The Fed’s decision was welcomed by market participants, as it signifies a...
Markets Climb As Inflation Keeps Cooling Off

Markets Climb As Inflation Keeps Cooling Off

Key Takeaways The CPI print for November came in today at 7.1%. The print is 0.6% lower than October’s, and 0.2% lower than expected. The crypto market reacted positively to the news, with BTC and ETH soaring by 4.65% and 6% each before falling back slightly. Share...
No, Wrapped Ethereum Isn’t In Trouble. Here’s Why

No, Wrapped Ethereum Isn’t In Trouble. Here’s Why

Key Takeaways Crypto Twitter has been sharing jokes about wETH being exploited or losing its peg. At least one media publication—Bloomberg—took the jokes at face value. Wrapped Ethereum does not have a sole custodian and does not pose a systemic threat to the Ethereum...
2022 in Review: the Top Five NFT Drops of the Year

2022 in Review: the Top Five NFT Drops of the Year

Key Takeaways The NFT market experienced a slump with the rest of crypto in 2022, but some collections stood out from the pack. Yuga Labs’ Otherside mint raised a record-breaking $310 million in April. Generative artists like Emily Xie and Tyler Hobbs helped...