Genesis and DCG Accused of Accounting Fraud, Coinbase Cuts More Jobs

After retracing significant gains at the close yesterday, traditional indices are roughly flat on the day, while US Treasury yields are turning higher. Many are looking forward to Thursday’s CPI report release, which will have large implications on the Fed’s interest rate decisions on February 1st. Crypto markets are continuing their constructive week, with BTC and ETH rising 0.72% and 0.67%, respectively. The total crypto market cap is up for the third consecutive day, rising to $811 billion (+0.64%). In addition to liquid staking derivatives outperforming this week, alt layer-1 Aptos (APT) has shown impressive returns, gaining over 42% this week and being the best performer in the top 100 tokens over the last 24 hours (+7.20%).