Synthetix
$SNX
4 Results
Today has been another interesting day of price action across crypto and crypto-equities markets. BTC 2.27% has mostly undone its previous rally, now fluctuating just below the $26k mark after peaking at $26.5k yesterday. ETH 0.17% mirrors this trend, currently trading around $1,630. Altcoins have generally followed suit, albeit with a less significant upswing initially. Notably, SNX -4.42% and DYDX are today's most significant underperformers, likely due to recent CFTC settlements against DeFi...
MetaMask Adds Off-Ramp Feature, Coinbase Enters the Institutional Lending Market
Markets are falling today in response to higher-than-expected non-manufacturing PMI data (54.5 actual vs. 52.5 expected). The S&P 500 and Nasdaq 100 have both dropped over 1% while the DXY (+0.19%) continues its rise, briefly surpassing $105, the highest level since March. BTC 2.27% and ETH 0.17% are following equity markets, both falling approximately 1.10% at the time of writing. Synthetix Network (SNX -4.42% ), a defi liquidity layer, is one of the top weekly performers,...
A proposed increase in long-term treasury issuance coupled with Fitch's downgrade of U.S. government debt has caused upward pressure on long-term rates today, with the U.S. 30-year rate moving to 4.2%, the highest since November of last year. Major equity indices have experienced a concurrent pullback alongside a 15% spike in the VIX. Meanwhile, the DXY has surged to 102.6, reaching its highest level in nearly a month. Among the...
Japan Implements Crypto Friendly Tax Policy and HSBC Hong Kong Lets Customers Trade Crypto ETFs
Crypto markets pulled back today, BTC 2.27% is down 1.44% and ETH 0.17% is down 2.81%. Altcoins took a bigger hit, especially those that Robinhood is delisting and expected to sell later this week amid the SEC's crackdown (Cardano, Solana, and Matic). ADA -0.78% , SOL -7.23% , and MATIC -3.04% are down 4.01%, 4,13%, and 3.62%, respectively. Interestingly, many of the "DeFi 1.0" tokens (DeFi protocols launched in 2019 and 2020) saw large gains over the weekend. AAVE -3.43% ,...
