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INTRODUCTION Ethereum-based NFTs experienced a frenzy in the 2021 bull market, with the floor price of the popular Bored Ape Yacht Club collection (BAYC) reaching an all-time high of $420k per NFT. Skeptics were left baffled at the apparent lack of utility and inherent value in these unique digital tokens, which went for prices that could buy houses despite the ability of others to “right-click save” the same image. It...
Equities are falling while rates gain after comments from Fed Governor Waller suggested that central bank policy will ease slower than the market is anticipating. The 10-year Treasury yield jumped to 4.07% while the dollar index gained 0.7% to reach 103.4. $BTC is up 1% today, stabilizing at $43k after volatile price action from last weekâs spot ETF launches, which saw it rally to $49k only to fall 15% to...
The cryptocurrency market is currently experiencing a downturn, falling 3% overall. Ethereum and select ecosystem projects are bucking the trend, with $ETH relatively flat in the last day, trading 0.2% lower at ~$2.6k and hitting a two-month high against Bitcoin as ETHBTC reaches 0.059. Outperformers in the top 100 include ETH NFT marketplace $BLUR (+8.7%), layer-two $OP (+6.8%), and ETH domain service $ENS (5.2%). In contrast, $BTC is noticeably underperforming,...
The S&P 500 saw a 1% weekly increase, while the Nasdaq Composite experienced a 0.9% rise during the same period. This marks the fourth successive week of gains for major indexes, the longest streak since June for both the S&P 500 and Nasdaq. Treasury yields reached their lowest levels in several months this week, fueled by optimism that inflation is subsiding and anticipation that the Federal Reserve might cease rate...
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