- Price Movements: Markets experienced a strong rebound dominated by ETH, which closed the week up 12%.
- Market Liquidity: USDC, TUSD, and USDP accounted for just 3% of total stablecoin volume on Binance before the exchange announced plans to de-list pairs and auto-convert deposits to BUSD.
- Derivatives: Open interest for Ethereum Classic (ETC) recently hit all time highs as miners shift computational resources to the hard-forked PoW Ethereum chain.
- Macro Trends: Risk assets rallied despite the largest-ever ECB rate hike and growing energy concerns.
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