Block Completes Design for ASIC Chip and New Memecoin Enters Top 100 Largest Coins by Market Cap
Crypto had a choppy weekend, which concluded in prices falling last night. At the time of writing, BTC is down 3.68%, and ETH is down 2.15%. Altcoins were also down across the board, SOL 2.44% is down 4.75%, and ARB 0.04% is down 3.66%. An exception to this market correction is a new meme coin called PEPE which has rapidly made its way into the top 100 coins by market cap. PEPE is up 66.05% today and we discuss it later in this report. Another altcoin that has held up relatively well is BNB, down 2.0% today and rose ~6.0% over the weekend. Binance is holding a launch event for Layer 1 Blockchain SUI 2.21% and in order to participate, users must stake BNB and TUSD tokens to farm SUI over a 2-day period. This as well as other successful Binance Launchpool events this year has been a tailwind for BNB. Traditional markets are mostly flat today, SPX is up 0.16%, and NDQ is down 0.11%.
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 9.12% falling to $60k and ETH 7.38% approaching the low $2,300s. Aptos (APT 0.01% ) 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 9.77% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 9.12% climbing back above $61,000 and SOL 16.86% moving above $145, while ETH 7.38% is lagging, trading around $2,400. Among today's outperformers is SUI 5.09% , 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 0.34% and QQQ 1.53% 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 9.12% briefly dropping below $62k and ETH 7.38% below $2.5k. Among altcoins, SUI 5.09% is showing...
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 075a54-8c0cbc-4828bf-912ba5-6ff5eb
Already have an account? Sign In 075a54-8c0cbc-4828bf-912ba5-6ff5eb