Jonny Fry Posted

Crypto winter may be here (again), but blockchain and digital asset innovation are quietly thriving in the summer heat
Written by Drew Forman, head of Cowen Digital

Fans of Game of Thrones will be familiar with the line, “winter is coming”, which is said to be the inspiration behind the term ‘crypto winter’. Despite the heatwaves plaguing much of Westeros, we seem to have entered a new crypto winter. With prices crashing, margin positions being liquidated and the contagion from the TerraUSD downfall bankrupting various CeFi lenders, this market starkly contrasts with DeFi summer. The mainstream media quickly picked up on the...