Crypto Daily Report – June 8

Jun 8, 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 FSInsightJune 8, 2022As of writing, BTC and ETH are trading at $30.5k and $1.8k, down 2.1% and 0.4% respectively. NDAQ and SPX have also opened with no discernible trend (+0.3% and -0.4%), with the discrepancy caused by tech stocks rebounding stronger relative to the rest of the S&P. SOL ($36 - $45) and AVAX ($21 - $29) have also been range-bound since the start of June. LINK, THETA, FTX, NEO and ADA have been the top-gainers for the past 24hrs, posting >8.5% gains. Suppose markets continue to move sideways for the near term (as discussed in the Crypto Weekly). In that case, we propose several income-focused strategies to harvest delta-neutral yields in the DeFi Digest to be published later in the week.In past issues of the Crypto Daily, we have noted that stakeholders (regulators and incumbents) are taking different stances in these defining times. Coinbase rescinded job offers that stretched across multiple product lines as part of its hiring freeze, while FTX has expressed no desire to scale back hiring, according to SBF. O

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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -0.48% falling to $60k and ETH -0.17% approaching the low $2,300s. Aptos (APT 1.29% ) is one of the few gainers in the top 100 tokens as they have strengthened their presence in Japan via an acquisition of HashPalette, a Japanese NFT service provider and developer of Palette Chain. AAVE 0.18% is also showing slight gains following...

CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.48% climbing back above $61,000 and SOL -1.23% moving above $145, while ETH -0.17% is lagging, trading around $2,400. Among today's outperformers is SUI 1.74% , which appears resilient despite a $115 million token unlock yesterday. Oil is partially retracing its early rally, gold is lower on the day, and yields are moving higher, suggesting at least a temporary reversal of...

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