Avalanche

$AVAX

The highly anticipated February CPI report was released this morning, showing slightly higher than expected readings. Core CPI came in at 3.8% YoY vs. 3.7% expected and 0.4% MoM vs. 0.3% expected. Over 60% of the total monthly increase can be attributed to shelter and energy prices. Investors were prepared for worse, as the odds of a June rate cut increased slightly following the data release, helping to spur a...

Bitcoin broke out above $70k during the overnight hours, now floating above $72k, marking another new ATH. This price action was closely mirrored by $ETH's resurgence above $4k, currently trading around $4050. $AVAX is outperforming on the day, following the announcement that South Korean game publisher Nexon Group will transition its popular MMO RPG, MapleStory, onto the Avalanche network as MapleStory Universe. Meanwhile, $NEAR also continues to outperform, likely fueled...

$BTC is trading near $44k, recovering some of its losses after yesterday’s leverage flush sent prices down 9% from $45k to a low of $40.8k. $ETH is performing in line with $BTC, rising 2.3% to ~$2.3k. U.S equities are relatively flat from yesterday, with the S&P gaining 0.1% while the Nasdaq was down 0.12%. Layer-1 tokens $SOL and $AVAX show the most strength among the top 10, gaining 3.9% and...

Following our recommendation on Thursday afternoon for a short-term tactical trade on $AVAX, the asset experienced a promising rally to nearly $12, marking a robust 30% rebound from its recent lows. However, in the overnight hours, a critical development emerged: Stars Arena, the SocialFi app that catalyzed recent AVAX activity, appears to have been compromised. The price of AVAX has since returned to just above our initial entry point. It's...

WHAT HAPPENS WHEN BONDS HAVE A HIGH EMISSIONS SCHEDULE Traditional markets have undeniably faced a whirlwind of volatility over the past week. The bond market continued its recent trajectory with the long end of the yield curve soaring to new multi-decade highs. At one juncture, the 30-year yield even brushed against the 5% mark, a development that has rattled both bond and equity investors. Concurrently, the DXY index maintained its...

U.S. equity indices are falling today, putting the SPX (-0.68%) on pace for its fifth consecutive negative week and the NDQ (-0.97%) on pace for its fourth negative week out of the last five. Investors are awaiting tomorrow’s employment report for a read on the labor market, as JOLTS and ADP Employment have given mixed signals this week. Crypto markets are declining in line with equities, with $BTC (-0.73%) trading...

WHAT IS AN APPCHAIN? Appchains, short for application-specific blockchains, are built to run one specific application or use case. They differ from general-purpose L1/L2 infrastructure chains that run many decentralized applications (dApps) concurrently. While both dApps and appchains technically exist on a base layer blockchain, the key difference is that appchains also operate their own sovereign blockchains while dApps do not. In this piece we will cover factors driving the...

Fundstrat’s recently launched Crypto Core Strategy offers subscribers a digestible tool to manage their crypto portfolio, with the goal of outperforming bitcoin. For those looking to amplify the returns of their long positions, this complementary issue of DeFi Digest strives to cast light on some of the best risk-adjusted yields. We first describe our methodology to filter for yield opportunities, then dive into the protocols offering the yields, and describe...

Crypto and traditional markets slid lower today, with $BTC and $ETH falling 1.37% and 1.03% and SPX and NDQ falling 0.85% and 1.23%. Altcoins continue to decline relative to Bitcoin and Ethereum as investors have a "flight to quality" into year-end. $AVAX, $SOL, and $NEAR for example are down 2.64%, 1.76%, and 3.93% at the time of writing. This rotation into bitcoin and ethereum is seen in BTC and ETH...

Crypto and traditional markets each turned higher today. $BTC and $ETH are up 0.79% and 1.91%, while SPX and NDQ are up 0.75% and 1.16%. This comes as the dollar (DXY) continues to fall - down 0.31%. Most altcoins have lagged today compared to bitcoin and ethereum. For example, alt-layer ones $NEAR and $AVAX are down 0.15% and 0.89%, and $SOL is up just 0.59%. An exception to this is...

Funding had one of its best weeks of the past couple of months, with funding increasing 81% from last week to $574M. This increase was almost entirely due to an outstanding week from infrastructure – which accounted for $482M of funding and consisted of 8 deals. The largest of these deals was a raise for Mysten Lab’s Sui Blockchain, which we delve deeper into in the Deal of the Week section. This...