Coinbase Launches Wallet as a Service, Silvergate Shutting Down
Mar 9, 2023
After January’s total number of job openings came in higher than expected yesterday, initial jobless claims spiked this morning to 211k versus 195k expected, giving markets a slight boost. The SPY 0.09% and QQQ are up 0.13% and 0.53%, respectively, at the time of writing. Crypto markets are mixed today, with BTC trading at $21.5k (-1.03%) and ETH trading at $1.53k (-0.27%). After being some of the biggest winners in the first two months of the year, LSD protocols have been underperforming so far in March. LDO, RPL, and FXS are down 21.82%, 18.79%, and 26.04%, respectively this month. Many investors may be locking in gains as the macro-environment has increased in hawkishness in recent weeks.