MetaMask Adds Off-Ramp Feature, Coinbase Enters the Institutional Lending Market

Markets are falling today in response to higher-than-expected non-manufacturing PMI data (54.5 actual vs. 52.5 expected). The S&P 500 and Nasdaq 100 have both dropped over 1% while the DXY (+0.19%) continues its rise, briefly surpassing $105, the highest level since March. BTC and ETH are following equity markets, both falling approximately 1.10% at the time of writing. Synthetix Network (SNX 1.08% ), a defi liquidity layer, is one of the top weekly performers, rising 17.8% as excitement over Synthetix V3 has begun to circulate. According to DefiLlama, Synthetix has seen an approximate $100 million increase in TVL since the beginning of September, likely contributing to the token’s appreciation.