EU Looks to Increase Regulation and Chainlink Staking Begins
Crypto and traditional markets each turned higher today. BTC and ETH are up 0.79% and 1.91%, while SPX and NDQ are up 0.75% and 1.16%. This comes as the dollar (DXY) continues to fall – down 0.31%. Most altcoins have lagged today compared to bitcoin and ethereum. For example, alt-layer ones NEAR and AVAX are down 0.15% and 0.89%, and SOL is up just 0.59%. An exception to this is the decentralized exchange GMX, which has risen 3.35% and continued its outperformance since the collapse of FTX. Coinbase (COIN) has also performed great today – up 4.07%, despite founder Brian Armstrong stating yesterday that the exchange’s revenues are set to be cut by 50% or more this year.Â
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