Bankless ROLLUP: Macro Bearish Report | Biggest Hack In History | SEC Drops Crypto Cases
51 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.
AI Snips
Chapters
Transcript
Episode notes
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.
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.
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.