SEC Sues Gemini and Genesis, Hodlnaut's Creditors Rejected Restructuring Plan
Traditional markets opened higher than the pre-markets before pulling back slightly at the time of writing. ^SPX 0.90% and NDAQ -1.04% are trading at ~0.3% lower than yesterday’s close, while DXY is consolidating at the 102 area of support. Digital asset markets have decoupled on the lower time frames, with BTC and ETH trading at $19.1k (+5.6%) and $1.41k (+1.9%) levels, respectively. Despite the excitement around the upcoming Shanghai upgrade and liquid staking derivatives (LSDs), ETHBTC has fallen for a second straight day to 0.074, signaling a short-term pullback. Aptos (APT 0.79% ), Optimism (OP 0.07% ), and Lido DAO (LDO) have been the top gainers in the past week, appreciating by 90%, 53%, and 47%, respectively. Pancakeswap has amassed $30m in TVL on Aptos, Optimism has seen increased activity across addresses and transactions, while Lido continues repricing amidst excitement around LSDs.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.78% falling to $60k and ETH -0.18% approaching the low $2,300s. Aptos (APT 0.44% ) 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 -2.53% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.78% climbing back above $61,000 and SOL 0.26% moving above $145, while ETH -0.18% is lagging, trading around $2,400. Among today's outperformers is SUI -2.02% , 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...
MARKET UPDATE Markets are selling off in the first day of Q4, fueled by geopolitical fears as tensions rise in the mid-east. The SPY 0.90% and QQQ 1.01% have dropped 1.14% and 1.92%, respectively, while the VIX has surged over 17%. XAU and DXY are gaining as investors move towards safe-havens. Crypto assets have also sold off, with BTC 0.78% briefly dropping below $62k and ETH -0.18% below $2.5k. Among altcoins, SUI -2.02% is showing...
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