Genesis Finally Files for Bankruptcy, Nexo Settles with SEC

Crypto assets are building on the weekend’s gains. $BTC (+3.47%) eclipsed $72.7k this morning before paring gains to approximately $71.8k. $ETH (+5.58%) is showing relative strength today, gaining to $3,650, helping the ETHBTC ratio reclaim the .05 mark. Last week’s ETF net flows totaled $484 million, displaying the continued demand for exposure among traditional investors. Equity indices are relatively flat today, with the SPY and QQQ both gaining about 0.05%...

Despite March Non-Farm Payrolls blowing expectations out of the water (303k vs 214k exp.), equity indices are rebounding, with the SPY and QQQ gaining 1.23% and 1.50%, respectively. Although crypto assets held up during yesterday’s equity sell-off, they fell overnight, with $BTC (-1.06%) reaching the low $66,000s before rebounding to $67.7k at the time of writing. $ETH (-0.53%) is trading slightly above $3k as the ETHBTC ratio has fallen below .05%,...

The trading day began on a positive note, with rates decreasing and risk assets rallying following disinflationary pricing data from the latest ISM services PMI report. However, equity indices relinquished their gains and dipped into the red late in the trading session, influenced by comments from Fed President Neel Kashkari, which implied the Fed was concerned over persistently high inflation. Crypto rallied along with equities in the morning, and has...