This week, news broke that the oldest crypto market maker, GSR, has been scaling back operations - particularly in the U.S. - while a number of top executives have left the company.
This is yet another hit to U.S. and global liquidity and volumes; in May, Jump Crypto and Jane Street revealed they were reducing crypto operations.
This week, we’ll take a look at the state of the crypto market, including volatility, liquidity, and volumes, and then examine some budding narratives and tokens.
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