LayerZero Partners with Google Cloud, Banana Gun's Token Launch Fails
The U.S. Equity market is declining today as investors await the August CPI data, which is set to be released tomorrow at 8:30 AM EST. The S&P 500 has fallen 0.21%, while the Nasdaq 100 is faring slightly worse, dropping 0.67%. The crypto market is showing strength today, with BTC (+3.75%) squeezing back above $26k and ETH (3.21%) rising above $1,600. As Bitcoin moves higher and optimism around a spot ETF approval grows, the discount to NAV of GBTC continues to shrink. It currently sits at 17%, its lowest level since 2021, as Franklin Templeton is the latest asset manager to submit a spot Bitcoin ETF application. Similarly, ETHEâs discount has compressed to ~25% ahead of a slew of spot and futures-based ETF applications.
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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 -0.04% falling to $60k and ETH -3.12% approaching the low $2,300s. Aptos (APT -7.83% ) 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 -7.14% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -0.04% climbing back above $61,000 and SOL -1.26% moving above $145, while ETH -3.12% is lagging, trading around $2,400. Among today's outperformers is SUI -0.61% , 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 0.81% and QQQ 0.92% 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 -0.04% briefly dropping below $62k and ETH -3.12% below $2.5k. Among altcoins, SUI -0.61% is showing...
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