Analysis
SEC’s Shadow Crypto Rule Taking Shape as Enforcement Cases Mount
The U.S. securities regulator has now issued dozens of actions outlining how it defines a crypto security and which firms should be exchanges, but the industry is in a holding pattern.
Coinbase: Ether Selling Pressure Should Be Fairly Limited Around the Shanghai Fork Upgrade
The amount of potential selling pressure around Ethereum’s planned upgrade has been complicated by Kraken’s decision to wind down its U.S. staking business, according to a research report.
Morgan Stanley: Falling Stablecoin Issuance Is Negative Sign for Crypto Trading
U.S. regulatory efforts are likely to focus on stablecoin regulation, the report said.
Bernstein Says Regulatory Backlash Will Lead to More DeFi and Offshore Crypto
Regulatory overreach will lead to further movement towards decentralized finance apps, built directly on-chain by anonymous teams, the report said.
JPMorgan Says Ethereum’s Shanghai Upgrade to Raise Staking Toward Proof-of-Stake Blockchain Average
Ethereum’s staking ratio is around 14% compared with an average of 60% for the other major PoS blockchains.
Bernstein: Ethereum Activity Has Picked Up, With Shanghai Upgrade the Next Big Catalyst
Daily fees on the blockchain have more than doubled in the past month, the report said.
Bernstein: Bounce in Cryptocurrencies Is ‘Mean Reversion’ Rally
The gains are unlikely to foreshadow a sustained advance, a report from the brokerage firm said.
Citi Says Solana Blockchain Activity Remains High
Active addresses and daily NFT trading volume have returned to levels last seen before the collapse of crypto exchange FTX, a report from the bank said.
Bernstein Says Crypto Exchange Binance Not Likely to Fail
The app demonstrated its robustness when about $6 billion of customer funds were withdrawn on Dec. 13, a Bernstein report said.
Citi Says Crypto Market Leverage, Open Interest Are Historically Low
The bank expects a broader focus on decentralization in 2023 following this year’s failings in centralized crypto ventures.
