- Price Movements: ETH is down 25% on the week despite the successful completion of the Merge.
- Market Liquidity: The U.S. dollar remains the dominant fiat currency in crypto, possessing 70% of total fiat trade volume.
- Derivatives: ETH funding rates have returned to neutral after dipping to all time lows of less than -0.4%.
- Macro Trends: August core inflation data exceeded expectations, causing both crypto and equity markets to tumble.
Click here for full details of research features in Kaiko’s data-driven market overview ‘Data Debrief’
