ETHBTC Hits 14-month Lows, ICE Rebrands to WAGMI

Sep 20, 2023
Market Update Equity markets are flat today in anticipation of the Fed’s interest rate decision and revised dot plot announcement this afternoon. $BTC is down 0.5% today, continuing to range between $26.9k and $27.4k for the last week. $ETH is underperforming, down 1.5% in USD, and reaching 14 month lows against BTC. The $ETHBTC pair has broken the 0.06 level, trading at 0.59 at writing. This follows notable on-chain transfers from whales depositing $60 million into exchanges, including founder Vitalik Buterin sending $493k in ETH to Kraken. Another large holder deposited $50m in ETH, which according to Lookonchain is part of the entities $423m holdings acquired during Ethereum’s ICO at 31 cents. $XRP is outperforming the top 10, gaining 1.5% over the last day after XRP based DeXfi announced upcoming updates for several new DeFi capabilities, including a native AMM.  Infamous Avalanche developer Daniele Sestagalli is back with a project called $WAGMI, an acronym for "we are gonna make it." It's a rebranding of Popsicle Finance, offering DeFi applications on nine blockchains. $ICE tokens from Popsicle Finance can now be exchanged for WAGMI tokens, with ICE surging 70% in the last 24 hours. WAGMI has a $2 million market cap. Sestagalli's previous projects, like Wonderland an

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