Ordinals
$ORDI
4 Results
Telefonica Forms Strategic Partnership with Chainlink Labs, Citibank Completes Tokenization Pilot on Avalanche
A flurry of economic data this morning has provided mixed signals for markets. On one side, retail sales decreased 0.8% MoM versus an expected 0.2% decline. On the other side, jobless claims came in lower than expected and the Empire State manufacturing survey showed higher than expected prices paid. U.S. equities are mixed, with the SPY gaining 0.29% and the QQQ showing a modest decline of 0.05%. $BTC (+0.75%) continues its...
CHALLENGING THE ACCUSATIONS OF FROTH Amidst the recent sharp rally in the crypto market, investors who weathered the prolonged bear market are understandably cautious, keeping a close watch for any signs of excess. Despite the violence in the most recent rally, we believe it's too early to declare the market as overbought. Our assessment is based on several factors:Perpetual futures data indicates a relatively modest level of long speculation, especially...
BRC-20 FEVER Ordinal transactions on Bitcoin have skyrocketed in the last few months, leading to an all-time high for daily transactions and pushing Bitcoin network fees to 2-year highs. The activity throttled BTC’s network so much that Binance was forced to temporarily shut down withdrawals and implement Lightening Network to service outflows without paying excessive fees. There are currently two types of Ordinal transactions on the network: 1) Ordinal NFTs...
Binance Adds Support for Ordinals NFTs, Goldman Sachs Crypto Survey Reveals Mixed Results
Equity markets slid lower today as investors await CPI data tomorrow and discussion over the debt ceiling later today. $SPX and $QQQ are trading at -0.4% and -0.6% relative to yesterday's close after opening lower, whilst $DXY and $US10Y are up by 0.3% and 0.4% on the day. Digital asset markets are also following suit, with $BTC and $ETH sliding by 1.5% and 1.0% over the past day. Many have pointed...
