NEAR Protocol
$NEAR
11 Results
$BTC surged in the overnight hours, nearing $74k, following a day of record inflows into spot ETF products. It's now trading around $72.5k. $ETH is showing relative weakness this morning, dipping just below $4k. This may be due to capital rotating into Layer 2 solutions and other Ethereum-related assets following the successful Denunc upgrade. Ethereum-adjacent assets such as $AAVE, $SYN, $MATIC, $MKR, and $ARB, are outperforming thus far today. $SOL...
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 Breaking Out of Range, Coinbase Premium Suggests a Strong Bid from ETFs to Start the Week
Leading cryptoassets are experiencing a significant breakout this morning, with $BTC finally surpassing the $53k mark after roughly two weeks of consolidation between $50k and $52.5k. Despite a pullback in ETHBTC this morning, $ETH has continued its upward trajectory, reaching new YTD highs above $3.1k. $STX is also witnessing a notable rise, climbing nearly 10% today, aligning with its pattern of performing as high beta relative to BTC. Among other...
Equity indices reacted positively to the release of the U.S. Treasuryâs funding schedule this morning, with the SPY and QQQ both rising over 0.60%. The Federal Reserve Committee is set to meet today and announce a decision on interest rates at 2 pm EST. The market is not expecting any surprises as interest rates will likely be held at current levels. Crypto markets are mixed ahead of the Fed meeting,...
SEC EMPTIES THE CHAMBER It’s only Wednesday, but the SEC has pulled out the big guns. Conveniently following the release of a rather comprehensive crypto oversight bill by the House Financial Services Committee on Friday, the SEC dropped their mightiest hammer to date on the crypto industry. On Monday, the SEC took legal action against Binance, accusing the exchange of offering unregistered securities to the public. The SEC's lawsuit alleged...
Voyager gets Initial Approval to Sell Assets to Binance U.S. and Twitter is Developing a 'Coins' Feature
Crypto and traditional markets had a choppy morning before continuing their move higher ahead of tomorrow's CPI release. Holders of risk assets such as crypto are hoping for a soft CPI print to signal inflation easing. $BTC and $ETH are currently up 0.21% and 0.17%, respectively, while SPX and NDQ are up 0.83% and 1.17%. Many altcoins that experienced aggressive short squeezes earlier this week have pulled back at the...
Square Enix Moves into Blockchain Gaming and Core Scientific Shuts Down 37k Mining Rigs
Crypto prices increased last night and this morning, with $BTC up 1.20% and $ETH up 3.43%. The ETH/BTC ratio, which has seen volatility compress over the past couple of weeks, has moved to the upside, rising 2.65%. Prices consolidated amid JOLTs job openings coming in higher than expected (Actual: 10.458MM, Expected: 10.050MM). SPX is currently up 0.40%, and NDQ is up 0.15%. Several tokens have experienced significant short squeezes in...
FIGURE: $GHO LAUNCHING AMIDST THE BLOWUPS AROUND IT Seeing the CeFi realm blowing up around us, it is perhaps pertinent to reflect and hammer the lessons into our collective crypto consciousness. Drawing from CeFi, DeFi and Everything in Between, it is clear now that Celsius, BlockFi, and Voyager Digital function as ‘CeDeFi,’ similarly to TradFi banking entities and are prone to the same weaknesses such as position opacity and human...