The Weekly Update

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Macro uncertainty and stablecoin implosion – the perfect storm
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Macro uncertainty and stablecoin implosion – the perfect storm

Week 18, 2022

Arcane Research
May 10
1
Share this post
Macro uncertainty and stablecoin implosion – the perfect storm
theweeklyupdate.substack.com

Highlights from the last week

Market Update

  • The bitcoin price has fallen 17% over the last seven days in a chaotic combination of interest rate hikes and balance sheet normalization from the Fed accompanied by idiosyncratic crypto-related uncertainties emerging from the de-pegging of UST. (Read article)

  • UST’s dollar peg is being challenged, hitting lows of…

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