The last year has been a rough one for crypto. The collapse of FTX in November 2022, along with several other high-profile failures, sank prices and caused investors, regulators and the general public to lose faith in the industry. It's been tough to recover.
But as 2023 draws to a close, things are looking decidedly more rosy. The chastening trial of Sam Bankman-Fried, the founder of FTX, is behind us. Bitcoin is up 25% in the last month, Ether has jumped 16% over the same period, and investors are enthusiastic again about oracle networks (like Chainlink), Solana, and even meme-coins.
Meanwhile, mainstream financial institutions, such as BlackRock and Fidelity, are looking to launch spot Bitcoin ETFs, with the promise of billions of dollars of new capital coming into crypto markets next year. And many are excited about "real world assets" – the idea of tokenizing everything from U.S. treasuries to office buildings. Even the regulatory picture looks clearer than it did a year ago.
CoinDesk's Trading Week, which runs November 6 through 10, takes stock of this new market environment, offering analysis, explainers, opinion and interviews with leading players.
Stay tuned for our continuing coverage, which is presented by CME.
0 Comments