Analysis

(Melody Wang/CoinDesk)
Jefferies Sees the NFT Market Reaching More Than $80B in Value by 2025
The bank raised its market-cap forecast to over $35 billion for 2022 and expects double-digit percentage growth for the next five years.
(Melody Wang/CoinDesk)

Solana (Zack Seward/CoinDesk)
JPMorgan Says Ethereum Is Losing NFT Market Share to Solana
The bank cites Ethereum's high transaction fees and congestion.
Solana (Zack Seward/CoinDesk)

Rugs (Eric Prouzet/Unsplash)
DeFi ‘Rug Pull’ Scams Pulled In $2.8B This Year: Chainalysis
‘Rug pulls’ accounted for 37% of all scam revenue this year compared to just 1% in 2020.
Rugs (Eric Prouzet/Unsplash)

Nansen co-founders Alex Svanevik and Evgeny Medvedev. (Nansen)
On-Chain Data Hub Nansen Eyes Aggressive Growth With $75M Raise
Accel, Singapore’s sovereign wealth fund and other VCs are backing an emerging player in making blockchain data make sense. CEO Alex Svanevik explains Nansen’s scaled-up visio...
Nansen co-founders Alex Svanevik and Evgeny Medvedev. (Nansen)

Shiba inu-themed cryptocurrencies are suddenly looking a little tired. (Creative Commons/Flickr/Yuya Tamai, modified by CoinDesk)
Shiba Inu Coin Faces ‘Reversion’ Worthy of Parabolic Rise, Analyst Says
Bloomberg’s Mike McGlone sees SHIB token frenzy as a sign of “excess” in cryptocurrency markets and predicts a “reversion worthy of its parabolic rise.”
Shiba inu-themed cryptocurrencies are suddenly looking a little tired. (Creative Commons/Flickr/Yuya Tamai, modified by CoinDesk)

Goldman Sachs
Goldman Sachs Analyst Says Crypto Is an Alternative to Copper, Not Gold
The analyst noted both bitcoin and copper behave as “risk-on” inflation hedges, while gold is viewed as a haven.
Goldman Sachs

Seoul, South Korea
S. Korea’s Crypto Rules Might Only Help the ‘Big 4’ Exchanges
South Korea may not be planning to ban cryptocurrencies, but its regulatory regime may only favor the biggest incumbents.
Seoul, South Korea

Use of a divining rod observed in Great Britain in the late 18th century. Image drawn by Thomas Pennant (1726-1798)
Five On-Chain Indicators Investors Should Follow: Chainalysis
We talk to Philip Gradwell, chief economist at the blockchain intelligence firm Chainalysis, to discuss the five indicators every crypto trader should track.
Use of a divining rod observed in Great Britain in the late 18th century. Image drawn by Thomas Pennant (1726-1798)

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Hamstringing an Industry With Compliance Costs
The risk to the industry when crypto companies have to spend millions on compliance, plus new BTC mining in TX and the IMF on digital currencies.
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