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 1.09% (-0.91%) is holding above $400 while the QQQ 1.34% (-1.54%) has fallen just below $300. After a violent dump leading into yesterdayâs close, BTC (+3.52%) and ETH (+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.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.
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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 1.09% and QQQ 1.34% 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 4.05% briefly dropping below $62k and ETH 6.67% below $2.5k. Among altcoins, SUI 5.49% is showing...
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