Coinbase Announces Increase to USDC Rewards Program and the French Arm of Binance Under Investigation
At the time of writing, crypto markets have continued to lag behind other asset classes today – with BTC and ETH down 0.34% and 0.17%, respectively. Traditional markets continue to move higher, with SPX up 0.18% and NDQ up 0.08%. Gold has also risen 0.10%. The majority of altcoins continue to underperform Bitcoin and Ethereum. OP -1.04% is down 1.44%, SOL 5.70% is down 0.95%, and LINK -1.45% is down 1.83%. Chainlink’s price fell last night and this morning when the Chainlink Foundation announced that 7% of the token’s supply would be unlocked from Q3 2023 to Q1 2024. There are a couple of altcoins that are outperforming however, LDO is up 1.31% and CFX is up 2.69%.
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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 -1.74% falling to $60k and ETH -1.07% approaching the low $2,300s. Aptos (APT 0.58% ) 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 -1.25% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.74% climbing back above $61,000 and SOL -3.45% moving above $145, while ETH -1.07% is lagging, trading around $2,400. Among today's outperformers is SUI -1.19% , 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 -1.25% and QQQ -1.88% 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 -1.74% briefly dropping below $62k and ETH -1.07% below $2.5k. Among altcoins, SUI -1.19% is showing...
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