Coin Metrics’ Post

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This week in crypto markets: - Jump Trading’s large ETH transfers contributed to a 20% price drop in #Ethereum, seeing some recovery and net inflows to ETFs following the drop. - The broader crypto market experienced significant volatility, with #Bitcoin dipping below $55,000 and #DeFi tokens seeing substantial losses. - Ethena Labs announced integration with Solana Labs, following market volatility that tested the resilience of their “synthetic dollar.” Read the full in our weekly State of the Market: https://bit.ly/3AoXgaa #PutTruthToWork #FutureOfFinance

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