ETHBTC Hits 14-month Lows, ICE Rebrands to WAGMI

Name: FS Insight
Price range: $$$

Sep 20, 2023

Market Update Equity markets are flat today in anticipation of the Fed’s interest rate decision and revised dot plot announcement this afternoon. $BTC is down 0.5% today, continuing to range between $26.9k and $27.4k for the last week. $ETH is underperforming, down 1.5% in USD, and reaching 14 month lows against BTC. The $ETHBTC pair has broken the 0.06 level, trading at 0.59 at writing. This follows notable on-chain transfers from whales depositing $60 million into exchanges, including founder Vitalik Buterin sending $493k in ETH to Kraken. Another large holder deposited $50m in ETH, which according to Lookonchain is part of the entities $423m holdings acquired during Ethereum’s ICO at 31 cents. $XRP is outperforming the top 10, gaining 1.5% over the last day after XRP based DeXfi announced upcoming updates for several new DeFi capabilities, including a native AMM. Infamous Avalanche developer Daniele Sestagalli is back with a project called $WAGMI, an acronym for "we are gonna make it." It's a rebranding of Popsicle Finance, offering DeFi applications on nine blockchains. $ICE tokens from Popsicle Finance can now be exchanged for WAGMI tokens, with ICE surging 70% in the last 24 hours. WAGMI has a $2 million market cap. Sestagalli's previous projects, like Wonderland an

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