LayerZero and Starknet Confirm Airdrops, El Salvador Announces "Freedom Visa"

Dec 8, 2023
Market Update The combination of consumer sentiment and unemployment data has provided fuel to support the soft-landing scenario. UMich consumer sentiment came in higher-than-expected (69.4 vs. 62.0), 1-year inflation expectations dropped significantly from 4.5% to 3.1%, and the unemployment rate came in at 3.7% vs. 3.9% expected. Anchored inflation expectations and lower unemployment are giving investors optimism that inflation can retreat while the U.S. avoids a recession, driving the SPX (+0.30%) and NDQ (+0.31%) above $4,600 and $16,000 respectively. Crypto markets are rising with equities, as $BTC (+1.44%) is pushing back towards $44k, and $ETH (+0.10%) is steadying around $2,360. Cardano is a notable top performer today, rising 25.06% to approximately $0.57, its highest level since August 2022. $BONK is continuing its meteoric rise, gaining 25% today and 137% on the week, propelling it into the top three meme coins with a $778 million market cap.Airdrop season is gearing up as LayerZero Labs and Starknet Foundation have confirmed respective airdrops for some time in the first half of 2024. Both were widely expected, but users are excited to hear explicit confirmations. LayerZero tweeted, “We’ll state now in no uncertain terms that there will be a LayerZero token. We

Unlock this article with a FREE 30-Day Trial!

An FSI Pro, or FSI Crypto subscription is required in order to access this content.

*Free trial available only on a monthly plan

Reports you may have missed

MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.53% falling to $60k and ETH 4.58% approaching the low $2,300s. Aptos (APT 3.11% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 10.65% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.53% climbing back above $61,000 and SOL -4.01% moving above $145, while ETH 4.58% is lagging, trading around $2,400. Among today's outperformers is SUI -4.59% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

Sign in to read the report!

We have detected you are an active member!

Ray: 7584e7-ae0e4f-6a2286-e059cf-305f08