Header logo
  1. Research
  2. Crypto Research
  3. Market Update

Jupiter Announces Airdrop Details, Hashdex Bitcoin ETF Delayed

Nov 16, 2023
Author
Tom Couture
Tom Couture AC
Market Update Equity indices are flat on the day after weekly jobless claims reached a two-year high and exceeded expectations (231k act. vs 220k exp). Treasury yields are falling following the data release, and markets are now pricing in a 49% chance of a May 2024 rate cut. Crypto markets are retracing some of yesterday’s gains, with $BTC (-4.22%) trading at $36.3k and $ETH (-3.10%) trading slightly below $2k. ETH/BTC is showing modest gains today, rising 1.12%, despite BlackRock officially filing an S-1 for a spot Ether ETF. AI-related tokens have been the strongest performers this week, with tokens like $RNDR and $TAO gaining 33% and 15%, respectively.Solana-based DEX aggregator Jupiter has announced the details of its airdrop to reward early users of its product. Jupiter is the largest DEX aggregator on Solana by trade volume, facilitating over $1 billion in swaps in October. Jupiter’s founder took to Twitter to announce the details, saying Jupiter will have a total supply of 10 billion tokens, 40% of which will be allocated to the airdrop. The airdrop will be distributed via four phases, with the first phase distributing 1 billion tokens across three tiers. The first tier will evenly distribute 200m tokens to 955k wallets that conducted over $1000 in swap volume b

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Already a member?

Reports you may have missed

Andre Francois Mckenzie Vh7U Z75L3U Unsplash

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH -2.12% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC -0.93% to Bitstamp, leaving about 90k BTC -0.93% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC -0.93% is trading around $66.5k,...

AVAX -0.94% BTC -0.93% ETH -2.12% ETHBTC ETHE N/A% GBTC -0.15% GOOGL +2.64% SOL -0.60% TSLA +4.96% V +0.26%
All-time highs next? Bitcoin holds $62K as the dollar index tumbles to 3-week lows

CRYPTO MARKET UPDATE POLITICAL DEVELOPMENTS CONTINUE TO DOMINATE INVESTOR SENTIMENT FOLLOWING PRESIDENT BIDEN'S WITHDRAWAL FROM THE PRESIDENTIAL RACE ON SUNDAY AFTERNOON. The initial market reaction saw a dip in crypto prices, with Bitcoin falling from $67.5k to $66k. However, the market rebounded after Biden endorsed Harris. Since the U.S. market opened on Monday, we have seen relatively choppy price action. BTC -0.93% is now trading slightly above $67k, while ETH -2.12% remains...

BITI BTC -0.93% ETH -2.12% OP -3.20% SOL -0.60% USDY -0.06%
Bitcoin Equilibrium Price Likely to Top $168,000 Following ETF Approval, FSInsight Says

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 0.97%  AND QQQ 1.40%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC -0.93% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -2.12% is trading at $3,450 ahead of potential S-1 approval after...

BONK -1.26% BTC -0.93% DXY N/A% ETH -2.12% JUP -8.65% QQQ +1.4% SOL -0.60% SPY +0.97% WIF 0.32%
Art Rachen YJpjLD3c9bU Unsplash

CRYPTO MARKET UPDATE THE CRYPTO MARKET MOVED HIGHER IN THE EARLY MORNING HOURS AND IS NOW CONSOLIDATING POST-US MARKET OPEN. BTC -0.93% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC -0.93% ETFs. ETH -2.12% is showing outsized strength, likely due to ETF issuers filing their final documents yesterday afternoon, with the ETF launch expected on Tuesday (more on...

BTC -0.93% ETH -2.12% ETHBTC JUP -8.65% SOL -0.60% USDT 0.02% WIF 0.32%
FS Insight

Sign in to read the report!

We have detected you are an active member!

or

Sign in with Google

Sign in with Twitter
Ray: c13767-4b260e-929a1a-576328-f20298