Michael Egorov's Debt Positions Under Pressure, FTX Reboot Plan Submitted
Equity indices are stalling today, with the ^SPX -1.39% and NDQ both falling around 0.30%. The DXY (+0.38%) has continued its strong streak along with U.S. Treasury yields, with the US10Y holding above 4%. Crypto markets are struggling due to concerns about Curve founder Michael Egorovâs huge debt positions and speculation that SBF or Sam Trabucco could be responsible for the BALD rug. BTC (-1.43%) has fallen below $29k and ETH (-1.59%) is approaching $1,800. On a more hopeful note, VolatilityShares has filed for an Ether Futures ETF. Volatility Shares recently received approval for its 2x Bitcoin Futures ETF (the first leveraged BTC futures ETF), potentially signaling a posture change from the SEC. The Ether ETF would trade under the ticker ETHU and, if approved, would mark the first Ether Futures ETF.
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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 -1.55% falling to $60k and ETH -3.10% approaching the low $2,300s. Aptos (APT 0.48% ) 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 -4.39% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.55% climbing back above $61,000 and SOL -3.79% moving above $145, while ETH -3.10% is lagging, trading around $2,400. Among today's outperformers is SUI 1.96% , 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 -1.39% and QQQ 0.37% 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 -1.55% briefly dropping below $62k and ETH -3.10% below $2.5k. Among altcoins, SUI 1.96% is showing...
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