NY State Sues Former Celsius CEO, Huobi Global Under Scrutiny

Stocks are moving higher following a promising December jobs report. The S&P 500 gained 1.56%, while the Nasdaq was up 1.49%. The jobs report showed the U.S. economy added 223k jobs last month, higher than the 200k expected, but wage growth was lower than the expected 0.4%, growing only 0.3%. Despite a historically low unemployment rate of 3.5%, investors hope the Fed can thread the needle on a soft landing and bring inflation down without a severe recession. Treasury yields are falling, with the U.S 10 Year and 30 Year decreasing by 3.82% and 2.63%, respectively. BTC continues to move with subdued volatility, trading flat over the last day near $16,800. ETH gained 0.89% to trade around $1260. Liquid staking provider Lido’s LDO has risen 42.6% over the last week, the largest gain among the top 100 coins by market cap. The move follows increased optimism on withdrawals from Ethereum staking being enabled. Withdrawals could catalyze growth in TVL and revenue for liquid staking providers as investors and the platforms see additional liquidity from previously locked assets. Lido has been neck and neck with MakerDAO for the top TVL by protocol, currently at ~$6.2 bn. The protocol also dominates the ETH liquid staking derivative market with over ~70% market share.