Prime Trust Ordered into Receivership and OpenSea Halts Trading of Ether.Fi NFTs

Jul 19, 2023

Crypto markets are up today, with majors rising slightly and altcoins showing the highest returns. BTC continues to hover around the $30k level, trading at $29.9K and up 0.44% at the time of writing. ETH has risen 0.22%, trading at 1.9k. Altcoins are a mixed bag today, with some of them declining and others up significantly. One of the standouts is Ethereum Layer 2 Optimism (OP 6.08% ), which has risen 11.04% ahead of Etheruem’s EIP-4844 upgrade, which is set for sometime in the second half of 2023 or the beginning of 2024. This upgrade will significantly lower fees on Ethereum Layer 2’s, such as Optimism and Arbitrum. SOL 31.93%  has also performed relatively well today, up 4.1%. The dollar (DXY) has started to bounce, up 0.36%, after declining sharply over the past two weeks. Traditional markets are flat – SPX is up 0.24%, and NDQ is down 0.09%. 

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CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.20% climbing back above $61,000 and SOL -1.57% moving above $145, while ETH 0.39% is lagging, trading around $2,400. Among today's outperformers is SUI 2.66% , 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...

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