Silvergate's Future in Doubt, Polygon Releases Digital Identity Product
Traditional indices have continued their slide this week on fears of stickier inflation and higher for longer monetary policy. The SPY 0.56% is down 0.27%, and the QQQ 0.65% has fallen 0.56%, while the DXY (+0.60%) hovers around $105, and US Treasury yields continue to rise. Crypto markets are following suit, with BTC and ETH dropping 1.43% and 2.47%, respectively. Binanceâs custodial arm, Ceffu, is resuming its pursuit of a license in Singapore after withdrawing its application in 2021. Ceffu is expected to submit an application to the Monetary Authority of Singapore as soon as registration opens. The move comes as Binance is trying to shift some of its business focus to enterprise customers compared to retail clients.
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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 3.03% falling to $60k and ETH 7.75% approaching the low $2,300s. Aptos (APT -0.17% ) 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 7.95% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 3.03% climbing back above $61,000 and SOL 5.99% moving above $145, while ETH 7.75% is lagging, trading around $2,400. Among today's outperformers is SUI 5.85% , 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 0.56% and QQQ 0.65% 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 3.03% briefly dropping below $62k and ETH 7.75% below $2.5k. Among altcoins, SUI 5.85% is showing...