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Developer Activity as a Market Barometer There couldn’t be a better opener to this piece than this beautiful explanation of market dynamics from the A16z State of Crypto 2023 report —“ Tech markets are a function of supply and demand”, or innovation and adoption. Hence, we need to consider the supply-side KPIs, also known as innovation proxies (such as developers' interest and contract deployments), alongside demand-side KPIs, or adoption indicators (like active addresses and transactions). This approach provides a comprehensive view of the state of crypto. In summary, developer activity offers several key insights: Interest in various blockchain ecosystems serves as a discovery tool for identifying future innovation hubs. Geographical trends among developers highlight patterns in global crypto adoption and proactivity.
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FOX Business reporter Eleanor Terrett said that the Senate Banking Committee's review vote on the re-nomination of US SEC Commissioner Caroline Crenshaw, which was scheduled for tomorrow, has been canceled. Crenshaw will no longer be nominated for re-election. She is a cryptocurrency skeptic.
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