DCG Misses $640m Payment, 3AC's NFTs Fetch $2.5m, and Pudgy Penguins Launch Toys on Amazon
Equity markets opened the week with mixed results while bonds yields ticked higher as investors eagerly await updates on debt-ceiling negotiations. Relative to last week’s close, NDAQ 0.13% is trading at -0.2%, ^SPX 0.71% is flat (+0.1%), while QQQ 1.24% is changing hands at +0.4%. US02Y and US10Y are up 1% on the day, reflecting the President’s and House Speaker’s meeting later today in an effort to avoid a technical default. Digital asset markets are relatively flat in the past day – BTC and ETH are trading at -0.1% and +0.1% over the period. After its meteoric rise in the past 3 weeks, PEPE has seen a prolonged retracement, declining by 5.4% over the past day. While RNDR has retraced by 3.5% in the past 24 hours, the decentralized GPU network has been the biggest gainer in the top 100 for the past week (+33.6%), coinciding with strength in metaverse-related tokens.
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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 -0.39% falling to $60k and ETH 3.63% approaching the low $2,300s. Aptos (APT 2.26% ) 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 7.26% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.39% climbing back above $61,000 and SOL -1.67% moving above $145, while ETH 3.63% is lagging, trading around $2,400. Among today's outperformers is SUI 0.01% , 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 0.71% and QQQ 1.24% 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 -0.39% briefly dropping below $62k and ETH 3.63% below $2.5k. Among altcoins, SUI 0.01% is showing...
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