Injective Launches Ecosystem Fund and BlockFi Leaks Financials
After a bit of a correction last night, crypto markets remain largely flat on the day. BTC is down 0.29% and ETH is down 0.72%. Traditional markets have pulled back a bit as well, with SPX down 1.34% and NDQ down 1.88%. An interesting development we’ve seen over the past couple of weeks is a 12.4% pullback in the ETH/BTC ratio. This could potentially be due to investors positioning into Bitcoin before the BTC halving, which is set to occur in 2024, and investors selling Ethereum ahead of its Shanghai upgrade in March, which will bring unstaked Ethereum to the market as potential selling pressure. The top performers today are APT 1.18% (up 30%) and OP -6.88% (up 11.72%), which continue their impressive moves off the lows (Aptos is up 418%, and Optimism is up 250% in the past couple of months).
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 3.13% falling to $60k and ETH 3.83% approaching the low $2,300s. Aptos (APT -0.12% ) 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 3.69% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 3.13% climbing back above $61,000 and SOL 6.10% moving above $145, while ETH 3.83% is lagging, trading around $2,400. Among today's outperformers is SUI 5.54% , 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 1.28% and QQQ 1.49% 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 3.13% briefly dropping below $62k and ETH 3.83% below $2.5k. Among altcoins, SUI 5.54% is showing...
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