Deso Launches MegaSwap, Cardano Releases EVM Test-Net
Following large intraday swings yesterday after Jerome Powell’s speech at the Economic Club of DC, traditional indices have picked a direction, with the SPY -1.59% (-1.07%) and QQQ -0.38% (-1.72%) both falling today. BTC (-1.30%) and ETH (-1.36%) continue to trade around $23k and $1.65k as many altcoins are cooling off following impressive gains over the past month. Popular Arbitrum tokens GMX and MAGIC are down 9.05% and 13.83%, respectively. The Sandbox (SAND 1.98% ) is the top gainer in the top 100 coins over the last 24 hours, gaining 15% after an announcement of partnering with the Saudi Arabia Digital Government Authority to explore potential metaverse opportunities. The partnership announcement comes before a large token unlock scheduled for February 14th, releasing 12% of the tokenâs total supply.
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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 -2.04% falling to $60k and ETH -1.99% approaching the low $2,300s. Aptos (APT N/A% ) 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 -2.58% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -2.04% climbing back above $61,000 and SOL -1.54% moving above $145, while ETH -1.99% is lagging, trading around $2,400. Among today's outperformers is SUI -4.21% , 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 -1.59% and QQQ -0.38% 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 -2.04% briefly dropping below $62k and ETH -1.99% below $2.5k. Among altcoins, SUI -4.21% is showing...
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