Bitcoin continued in its trend downwards in December, falling ~4% after entering the month around $17,200 and finishing at $16,500. Ethereum fared worse than bitcoin, falling ~8% during the month after entering at ~$1,300 and finishing around ~$1,200.
This report dives into Ethereum’s implementation of proof-of-stake, the execution of The Merge, and a post-mortem analysis of the transition. It subsequently covers Ethereum’s recently-revised roadmap, previewing future upgrades such as Single-Slot Finality, Sharding, Statelessness…
FTX collapsed, producing many knock-on effects and causing the total crypto market cap to fall 15% during November. We review what happened at FTX and the companies caught in its wake, examine the latest announcement from Flashbots, and look for macro greenshoots in this month’s Crypto Commentary.
With The Merge successfully behind us, we expect many Ethereum users to begin participating in consensus by staking ETH for the first time. This report provides a practical guide to Ethereum staking, analyzing the tradeoffs between available approaches and providers.
Bitcoin increased 5% in October and reversed its two-month downtrend after entering the month around $19,400 and finishing near $20,500.
After years of research and development, Ethereum recently completed its final testnet Merge and confirmed the details of its transition to proof-of-stake, which is expected to occur around September 15th.
It has been a big two days for monetary policy, with hikes from the Fed, ECB, and BoE. Overall, the collective tone can be categorized as relatively dovish, in our view, and bond yields in the U.S. and Europe are falling across the curve while risk assets are extending yesterday’s move.
