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, ETHE’s discount has compressed to ~25% ahead of a slew of spot and futures-based ETF applications.