Coinbase Premium Encouraging Sign for ETH, ONMD Buys BTC for Corporate Treasury
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CRYPTO MARKET UPDATE RATES ARE BROADLY LOWER, WITH A NOTABLY STRONGER RALLY AT THE FRONT END OF THE CURVE AS THE MARKET APPEARS TO BE TAKING POTENTIAL RATE CUTS OVER THE NEXT COUPLE OF FOMC MEETINGS MORE SERIOUSLY. Despite significant weakness in equities today, the crypto market is looking relatively healthy, with BTC 3.34% and many altcoins in the green. BTC 3.34% briefly rallied above $67k but has since drifted back down...
CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 3.55% 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 3.34% to Bitstamp, leaving about 90k BTC 3.34% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 3.34% is trading around $66.5k,...
MARKET UPDATE U.S. TREASURY YIELDS AND THE DXY N/A% CONTINUE PUSHING UPWARDS, PUTTING DOWNWARD PRESSURE ON RISK ASSETS. THE SPY 1.11% HAS DECLINED 0.53%, BREAKING BELOW $530, AND THE QQQ 1.08% HAS DECREASED 0.42% TO $458. Crypto assets are showing more pronounced losses, with BTC 3.34% (-1.42%) trading in the low $67,000s and ETH 3.55% (-2.29%) hovering near $3,750. Blackrock’s IBIT saw inflows of $102.5 million yesterday, bringing its total AUM to just under $20...
Tornado Cash Developer Sentenced to 5 Years in Prison, LayerZero Succeeding Against Sybils
CRYPTO MARKET COMMENTARYAPRIL PPI CAME IN MIXED THIS MORNING, WITH A LARGE UPSIDE SURPRISE IN MOM READINGS (0.5% VS. 0.3% EXP.) AND YOY METRICS LARGELY IN LINE WITH EXPECTATIONS. The upside in the MoM reading was offset by March figures being revised downwards. Yields initially spiked upon the data release but have turned negative across the curve. Equities are showing mild gains as attention shifts towards tomorrow’s CPI data release. The SPY 1.11% has gained 0.17% and the QQQ 1.08% has gained 0.31%. Crypto assets are...
