OpenSea Discontinues Royalty Enforcement Tool, Securitize Acquires Onramp Invest
Despite yield reversal on bonds, equities market continue their retracement. Yields on the US10Y retraced 0.11% to 4.23% after peaking midday yesterday at decade-plus highs. Equities markets followed suit to reflect surging borrowing costs on future earnings, with the ^SPX 0.56% and QQQ 0.55% retracing 0.4% and 0.5%, respectively. Yesterday’s bloodbath in crypto markets also continued, with BTC and ETH slipping by 7.4% and 6.1% in the past day. This move down has predominantly been led by the majors. The total crypto market cap currently sits at $1.1T, with BTC and ETH dominance slipping to 69% from late July’s highs of 72%.
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -3.50% falling to $60k and ETH -3.38% approaching the low $2,300s. Aptos (APT 0.49% ) 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 2.03% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -3.50% climbing back above $61,000 and SOL -3.93% moving above $145, while ETH -3.38% is lagging, trading around $2,400. Among today's outperformers is SUI -6.58% , 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 -3.50% briefly dropping below $62k and ETH -3.38% below $2.5k. Among altcoins, SUI -6.58% is showing...
Articles Read 1/2
Enjoyed the read? Subscribe now for unlimited access!
Get invaluable analysis of the market and stocks. Cancel at any time.
Already have an account? Sign In 5e5649-11f5d1-dc4a40-3ad995-444538
Already have an account? Sign In 5e5649-11f5d1-dc4a40-3ad995-444538