Rocket Pool to Complete Atlas Upgrade, Hundred Finance Tries to Recover $7.4 Million
Traditional indices are trading lower today, with the ^SPX -1.09% (-0.20%) and NDQ (-0.62%) declining as market focus is shifting to the upcoming earnings season. Crypto markets are underperforming today as BTC (-3.14%) and ETH (-2.20%) are cooling off after rallying over the last week. As mentioned in last weekâs Crypto Weekly, supply overhang projections following the Ethereum Shapella upgrade were too pessimistic. As of this morning, total withdrawals since the upgrade surpassed 1 million. At the same time, depositors have staked an additional 380k Eth, resulting in a net staking balance of -675k, still representing less than a 1% change in Ethâs total circulating supply. Additionally, the rally in ETHBTC following Shapella remains intact, rising 1.09% today.
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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 0.43% falling to $60k and ETH 1.76% 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 -0.30% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.43% climbing back above $61,000 and SOL 0.81% moving above $145, while ETH 1.76% is lagging, trading around $2,400. Among today's outperformers is SUI 0.17% , 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 -1.09% and QQQ -1.69% 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 0.43% briefly dropping below $62k and ETH 1.76% below $2.5k. Among altcoins, SUI 0.17% is showing...
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