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Kraken’s L2, Binance Lists Bitcoin Ordinal Token ORDI

Nov 7, 2023
Market Update The S&P could be on track for its seventh consecutive day of gains today after adding 0.32%, potentially the longest winning streak in nearly two years. As of this writing, the Nasdaq had gained 0.8%, with tech stocks increasing as long-term yields pulled back ~1%. Investors will closely watch commentary from several central bank speakers this week, including Chair Powell, to determine whether last week's dovish tones continue. $BTC is also moving higher 1% to $35.4k, while $ETH has retraced 0.4%, giving back some of yesterday's gains vs. BTC as ETHBTC fell 1.4%. Trust Wallet's $TWT is a notable outperformer today, rising 9.5% over the last day and 65% for the week. The move has been part of a broader rise by tokens closely associated with Binance, with PancakeSwap's $CAKE (+75%), Venus' $XVS (+43%), and ApolloX token $APX (+178%) all seeing significant weekly gains ahead of Binance Blockchain Week. Trust Wallet, a cryptocurrency wallet for mobile devices, was bought by Binance in 2018. Its token has surged with the impending launch of Binance's new Web3 wallet. Kraken, a cryptocurrency exchange, is reportedly exploring the development of its own Layer 2 blockchain network, inspired by Coinbase's earlier move. Coinbase has launched its own Layer 2 platform, Base,

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