13 Jun 2023
A flight to safetyThis week's report explores the potential long-term effect on tokens implicated in SEC's recent charges, in addition to covering the feeble state of the market.
SEC's cases against Coinbase and Binance could have long-term implications for tokens implicated in the filings, as institutional investors shy the markets. At the same time, we see clear tendencies of rotation into BTC, ETH, and stablecoins.
- BTC+ETH+Stablecoin dominance above 80%
- Anemic derivatives activity in BTC