This report has been designed to help you see at a glance which blockchain economic categories have been driving recent crypto market performance, get a sense of where institutional investors are allocating capital earmarked for digital assets, and understand how crypto fits into, impacts and is influenced by the broader market picture.
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Digital assets gave back ground over the past week as the Binance hack, not macro, set the tape. Losses were broad, led by exchange-linked and high-beta names, while Hyperliquid stood apart. Defensive factors led, implied volatility repriced higher, CME basis widened and ETH staking rewards spiked.

Mark Pilipczuk
Less liquid tokens led CF Benchmarks' factor table as Liquidity gained 1.54% after last week's loss, ending Size's four-week run at the top. Growth fell 2.39% to rank last, while Size, down 0.79% on the week, still leads year to date at 22.76%.

Mark Pilipczuk
Published thresholds, applied to observed trading, decide whether a new coin earns an index of its own or counts as a distribution in multi-asset indices. The eCash (ECX) fork around 31 October is a live test of both.

Mark Pilipczuk
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