Japan Announces CBDC Program, Platypus Finance Loses $8.5 Million
Traditional indices are extending yesterdayâs fall on the back of higher terminal rate expectations after a couple of hot economic data points this week. The SPY -1.53% (-0.91%) is holding above $400 while the QQQ -1.97% (-1.54%) has fallen just below $300. After a violent dump leading into yesterdayâs close, BTC -3.23% (+3.52%) and ETH -1.89% (+3.49%) have rallied back to $24.3k and $1.69k, respectively. Liquid staking derivatives (LSDs) are outperforming today with LDO (+15.7%), RPL (+13.6%), and FXS (+10.1%) all boasting double digit gains. Although alt-coins have shown impressive returns as of late, BTC -3.23% .D has risen almost 9% from last monthâs lows potentially indicating fresh capital is allocating towards Bitcoin while existing capital is rotating around alt-coins within the crypto ecosystem.
