Volumes have increased recently, with Tether Gold commanding the majority of volumes, bucking the previous dominance of Pax Gold. Tether Gold jumped from just a 1% market share of volumes to 85% of volumes last week in what looks to be methodical transactions.

Over the past two weeks, Binance has lost 16% market share of trade volume following a CFTC lawsuit and the decision to end its zero-fee trading program.

We will walk you through the year’s defining market events with the benefit of hindsight and an eye towards the future.

We’ve seen enough incidents over the last few months, let alone years, to conclude there is a complete lack of adequate risk management in crypto.