Market Recap

We are stuck. The crypto markets are in limbo. Good news not having the desired effect on price. What’s probably better news is that bad news is having less of a negative effect on pricing.

Our dependency remains fully linked to macro economics, in particular the FEDs control over interest rates and sentiment around inflation. Jerome Powells FOMC meeting recently pointed to some respite overall and we can look towards the end of Q2 for possible easing on QT.

What we are focused on now is zoomed out perspective and the overall state of crypto as an industry. And right away let me say, things have never been better. You would be naive to assume we don’t need TradFi involved in crypto. We have moved way past libertarian ideals on blockchain. Most founders and devs are not trying to build away from traditional markets but rather are trying to fasttrack the rails to bring billions of new users online into Web3 and crypto.

So when we witness the SEC reversing key legal battles with crypto companies, we should cheer.

This is a major breakthrough that will allow these innovators to grow and prosper given every chance to scale and improve.