dYdX Postpones Token Unlock, Moonbirds Founder Kevin Rose Hacked

Stocks are reacting positively to this morning’s U.S Q4 GDP release, which showed GDP grew 2.9% annualized, beating Dow Jones’ 2.8% estimate. The S&P was up 0.27%, while the Nasdaq gained 0.74%. Although the growth rate slowed compared to Q3, the beat above expectations gives bulls additional ammo in their outlook for a soft landing. Attention now turns to the remaining Q4 earnings releases and next week’s Fed meeting, where the Fed expected to raise rates by a slower pace of 25 bps. BTC is down 0.14%, trading near $23k. After attempting to break out yesterday, it faced resistance at $23.8k and returned between $22.3k – $23.3k, where it has ranged since last Friday. ETH is underperforming, down 0.90%. Layer-1 competitor FTM is the top gainer of the top 100, up 21.9%, following an announcement to upgrade account abstraction on its network. The upgrade will enhance the dApp user experience by turning wallets into smart contracts, enabling Web2-like features such as password recovery, and allowing users to pay network fees in tokens other than FTM.