Markets Derisk Ahead of Jackson Hole, Franklin Templeton Expands MMF to Avalanche
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CRYPTO MARKET UPDATE Risk assets are surging following Fed Chair Jerome Powell's dovish pivot at Jackson Hole, signaling a shift in policy aimed at addressing potential weaknesses in the job market through rate cuts. The DXY has dropped significantly, reaching a new year-to-date low and approaching the 100 mark. Cryptoassets are rallying, with BTC 0.31% nearing $62,000 as it works to break through its 50-day moving average, which has provided significant...
MARKET UPDATE RISK ASSETS ARE MOVING LOWER IN TUESDAY TRADING AHEAD OF A DENSE REST OF THE WEEK FOR MACROECONOMIC EVENTS. After rallying above $61k, BTC 0.31% has dropped below $59k, and ETH 0.38% has followed suit, moving below $2,600. SOL 3.30% is underperforming today after the SEC reportedly rejected two 19b-4 filings for Solana spot ETFs under the assumption that Solana should be designated as a security. Tron (TRX -1.61% ) is one of...
CRYPTO MARKET UPDATE BTC 0.31% continues to trade in a tight range, hovering just above $58K after retesting $60K over the weekend. Similarly, ETH 0.38% is moving sideways, currently just under $2,600, while SOL 3.30% is trading just over $142 after revisiting the mid-$130s late last week. Using perpetual futures funding rates as a gauge for market sentiment, it seems market participants remain cautious, with BTC's open interest-weighted funding rate flipping negative again...
Uniswap Sponsors $2.5 Million Audit Competition, Flexa Launches Crypto Point-of-Sale Toolkit
MARKET UPDATE EQUITIES ARE SHOWING SLIGHT INCREASES TODAY AS INVESTORS WEIGH DISAPPOINTING HOUSING DATA AGAINST IMPROVED CONSUMER CONFIDENCE AND STEADY INFLATION EXPECTATIONS. The SPY 1.08% and QQQ 1.05% have both increased by approximately 0.2%. Crypto assets are mixed with BTC 0.31% and ETH 0.38% gaining following yesterday’s late-day selloff, while altcoins are broadly lower. Net flows this week have been muted for both Bitcoin and Ethereum, with Bitcoin ETFs seeing $3.5 million in outflows...
