FTX Releases Creditor List, Aave Clears CRV Bad Debt
Markets are reacting favorably to signs of cooling inflation. This morning, the Commerce Department announced spending by US households decreased by 0.2% MoM, with PCE (Fed’s current preferred gauge of inflation) rising 5% in December (vs. 5.5% in November). December Core PCE rose 4.4% (vs. 4.7% in November), growing at its slowest pace since October ’21. ^SPX and NDAQ 0.74% are trading 0.3% and 0.7% higher, while QQQ -1.84% is 0.8% higher than yesterday’s close. BTC (+0.6%) and ETH (-0.3%) are mostly flat over the past day after having appreciated 9.7% and 2.5%, respectively, in the past week. APT 0.43% (+126%) and BTSE (+63%) have been the top gainers in the past week. Aptos has benefitted from multiple short squeezes and high trading volumes on Korean exchange Upbit, while BTSE is a thinly-traded ($300k 24h volume) exchange token on $500m market cap.