Crypto Daily Report – May 3

May 3, 2022
body div center ul, body div center li { font-size: 22px; margin-left: 10px !important; margin-right: 0 !important; Most Important Daily Data and News for Digital Assets Crypto Daily ReportThe Most Important Daily Data for Digital Assets Daily Updates from FSInsightMay 3, 2022Bitcoin and Ethereum are down 1.5% and 0.8% over the past 24 hours, trading at $38k and $2.8k, respectively. Solana, Luna, and Avalanche have retraced by 10.9%, 7.6%, and 13.3% over the past week. The weakness in these prominent Layer 1 networks reflects the market's reduced appetite for risk leading up to April's CPI data next Wednesday. Funding rates reflect this in BTC and ETH's relatively flat annual funding rates, while they are negative for SOL and LUNA. On Deribit, ETH's put/call ratio has been steadily increasing since the beginning of the year, further supporting increased hedging from market participants.One of the largest global market makers, Jane Street Capital, has announced that they will be borrowing from Clearpool's permissioned liquidity pool. The pool has been initially funded with $25m USDC by BlockTower, with plans to scale to $50m in the future. The launch of Jane Street's borrowing pool marks the first time an established traditional finance institution has borrowed from another crypt

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