Blur Enforces Royalties for Opensea Boycotters, ZkSync Launches zkSync Era Testing
Digital asset markets have continued to decouple from legacy markets since Tuesday. BTC -3.23% (+2.6%) briefly spiked above $25k this morning before retracing right below, while ETH -1.89% (+2.5%) broke $1.7k and is holding above the level at the time of writing. On the other hand, ^SPX (-0.4%) and QQQ -1.97% (-0.4%) opened lower before trading upwards. Markets were spooked by signs of persistent inflation following a higher annual PPI print of 6.0%, perhaps an indication that the Fed will need to keep rates higher for longer to tame inflation. ACS and FLOKI has been the top gainers over the past day and past week. The former is a content monetization platform on Solana, while the latter benefitted from Elon’s jovial tweet on the new CEO of Twitter named ‘Floki.’ Blur’s airdrop (expanded on below) also caused a spike in gas fees, contributing to Ethereum’s deflation in the past month.
