Out of the Ashes, Something New
Out of the Ashes, Something New
One year on from the LUNA/UST crash, Bittrex Inc. files bankruptcy, New York AG Letitia James cracks down on crypto firms, and the industry rebuilds and prepares for the April 2024 Bitcoin halving
Issue Summary: Friends, welcome back to Coinstack, the weekly newsletter for institutional crypto investors and industry insiders, where we review the top news, stats, and reports in the digital asset ecosystem. This week we cover Bittrex filing for bankruptcy, ETH gas fees surging due to meme coins, SBF’s motion to dismiss the charges against him, and big new venture rounds from Fedi ($17M) and Blockworks ($12M).
One year ago today, LUNA/UST collapsed — kicking off a massive tidal wave that brought down 3AC, Celsius, BlockFi, FTX, and so much more. Out of the ashes of 2022/2023 we are are now preparing for the next Bitcoin halving which is now less than a year away, commonly marking the historical start of a new bull market cycle. Now’s the time to place your bets.
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