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

Tether’s $500m Mining Investment, Aave’s Rebrand and Expansion Plans

Nov 17, 2023
Market Update Stocks are lower today but still on pace to close three straight weeks of gains. The S&P fell 0.1%, while the Nasdaq lost 0.25%. Softer-than-expected inflation data has buoyed equities, but the question is whether investors have seen enough to continue the momentum. Yields were mixed as the 2Y gained 1%, the 10Y was up 0.5%, and the 30Y fell 0.11%. The 2Y and 10Y rates briefly touched lows not seen since they began their recent climb in late September. $BTC (-1%) and $ETH (-4%) are lower, with Bitcoin trading at $35.9k. Today is the SEC's last day to approve Franklin Templeton's bid for a spot Bitcoin ETF. If the SEC wishes to approve a spot Bitcoin ETF without giving any issuer an unfair advantage, they would approve all ETFs concurrently. If Franklin Templeton's bid is delayed, the next opportunity to do so would be January, which would be a final decision date for many applicants. $TIA has continued to outperform since its airdrop, leading the top 100 on daily and weekly gains at 7.37% and 150%, respectively. Celestia is the first modular blockchain focused on data availability, which decouples execution from consensus. While the approach is unproven, bullish investors believe this model can unlock new possibilities for developers using existing smart contract i

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 -1.93% 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 -0.68% to Bitstamp, leaving about 90k BTC -0.68% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC -0.68% is trading around $66.5k,...

AVAX -0.67% BTC -0.68% ETH -1.93% ETHBTC ETHE N/A% GBTC -0.15% GOOGL +2.64% SOL -0.47% 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 -0.68% is now trading slightly above $67k, while ETH -1.93% remains...

BITI BTC -0.68% ETH -1.93% OP -2.72% SOL -0.47% USDY -0.38%
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 -0.68% 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 -1.93% is trading at $3,450 ahead of potential S-1 approval after...

BONK -1.21% BTC -0.68% DXY N/A% ETH -1.93% JUP -8.65% QQQ +1.4% SOL -0.47% SPY +0.97% WIF 0.67%
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 -0.68% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC -0.68% ETFs. ETH -1.93% 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 -0.68% ETH -1.93% ETHBTC JUP -8.65% SOL -0.47% USDT 0.01% WIF 0.67%
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: 425dc5-005329-7f05ab-210975-5fa7c4