Yuga Labs to Launch Bitcoin NFTs, Robinhood Releases Self-custody Wallet

Mar 1, 2023
Market Update Equities are relatively flat today after posting losses for February, with the S&P and Nasdaq losing 2.61% and 1.11% for the month, respectively. Investors are assessing mixed signals, with China posting a surprisingly strong PMI of 52.6 overnight, a high not seen since April 2012. This is coupled with recent hawkish comments from Fed officials. Yesterday, Minneapolis Fed President Neel Kashkari stated he was "open to the possibility" of a larger interest rate increase at this month's policy meeting. Treasury yields continue to climb, with the 10-year currently sitting at 4.01%, and the six-month T-bill passing 5% for the first time since 2007. $BTC is outperforming equities, gaining 2.49% over the last day, while $ETH climbed 3.15%. China-based $CFX is the largest gainer among the top 100 over the previous day, rising 16.8%. Conflux claims to be the only "regulatory compliant, public, permissionless blockchain in China." China has recently shown an interest in relaxing the crypto regulatory regime, leading investors to seek exposure to China-based protocols. NFT juggernaut Yuga Labs has announced they will launch a limited edition generative NFT collection native to Bitcoin. The new project, Twelvefold, will be a 300-piece collection and plans to mint through a B

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

CRYPTO MARKET UPDATETODAY, WE ARE SEEING SOME MINOR CONSOLIDATION IN THE CRYPTO MARKET COINCIDING WITH THE SLIGHT BOUNCE IN THE RATES AND DXY 0.00% . BTC -0.76% is trading just north of $65k, while ETHBTC continues to struggle, with ETH -1.82% moving lower for the 5th consecutive day and still trading below the $3k mark. Despite the market consolidation, SOLBTC is still green on the day as SOL -0.25% works to regain the $160 level....

CRYPTO MARKET COMMENTARYBITCOIN REBOUNDED OVER THE WEEKEND, WITH PRICES FULLY RECOVERING FROM FRIDAY'S DRAWDOWN BY MONDAY MORNINg. BTC -0.76% is now trading just below $63k. Meanwhile, both ETH -1.82% and SOL -0.25% have lagged, trading at $3950 and $146, respectively. Altcoin flows seem to have shifted towards memecoins, which are outpacing the rest of the market today, with gains exceeding 5% from BONK -2.20% , DOGE -14.16% , and PEPE. This interest in memecoins likely stems from...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 1 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In