OpenSea Discontinues Royalty Enforcement Tool, Securitize Acquires Onramp Invest
Aug 18, 2023
Despite yield reversal on bonds, equities market continue their retracement. Yields on the US10Y retraced 0.11% to 4.23% after peaking midday yesterday at decade-plus highs. Equities markets followed suit to reflect surging borrowing costs on future earnings, with the ^SPX 0.13% and QQQ retracing 0.4% and 0.5%, respectively. Yesterday’s bloodbath in crypto markets also continued, with BTC and ETH slipping by 7.4% and 6.1% in the past day. This move down has predominantly been led by the majors. The total crypto market cap currently sits at $1.1T, with BTC and ETH dominance slipping to 69% from late July’s highs of 72%.