Bankless

ROLLUP: Macro Bearish Report | Biggest Hack In History | SEC Drops Crypto Cases

64 snips
Feb 28, 2025
This week, Alex Thorn, Head of Research at Galaxy Digital, dives into the turbulent state of crypto markets. He unpacks the reasons behind the recent downturn, highlighting economic instability and a historic $1.5 billion hack at Bybit. Surprisingly, there's good news too! The SEC is easing off lawsuits against key players like Coinbase and Uniswap, hinting at a regulatory shift. Alex emphasizes the urgent need for better security measures in crypto, as the industry grapples with both challenges and opportunities.
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INSIGHT

Crypto Market Downturn

  • Bitcoin and crypto markets experienced a significant drop, influenced by various factors.
  • These factors include market uncertainty, macroeconomic concerns, and the Bybit hack.
INSIGHT

Macroeconomic Uncertainty

  • US economic uncertainty, particularly concerning potential government job cuts, is affecting risk assets.
  • This uncertainty, combined with internal crypto events, contributes to market volatility.
INSIGHT

Trump Administration's Focus

  • The current Trump administration's focus on long-term treasury yields differs from the previous administration's focus on the stock market.
  • This shift in focus from equities to treasury yields might be impacting market dynamics.
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