Coca-Cola Debuts NFT Collection on Base, MetaMask Integrates Apple Pay's 1-click Feature
Equities markets wavered higher as bond yields edged closer to decade highs ahead of retail sales data tomorrow. US10Y is currently at 4.20% and is nearing its last highest daily close of 4.24% in Oct ’22, while the US02Y is at 4.96%, 0.12% away from its last highest daily close in Mar ’23. This translates to a yield curve inversion between the 10 and 2-year of -0.76%, after putting in a local high of -0.68% a week ago. ^SPX 0.56% and QQQ 0.55% are 0.2% and 0.5% higher from Friday’s close. Bitcoin Historical Volatility Index (BVOL7D) is at historical lows at 2.7, having seen three such past occurences in the past five years. Unsurprisingly, BTC (+0.9%) and ETH (+0.7%) are relatively flat on the day, each trading between a 3% range since late July.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.10% falling to $60k and ETH 2.10% approaching the low $2,300s. Aptos (APT -2.95% ) 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 0.19% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.10% climbing back above $61,000 and SOL -1.46% moving above $145, while ETH 2.10% is lagging, trading around $2,400. Among today's outperformers is SUI -4.91% , 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 0.56% and QQQ 0.55% 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 0.10% briefly dropping below $62k and ETH 2.10% below $2.5k. Among altcoins, SUI -4.91% is showing...
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