Binance Alleges SEC Overreach, FTX Claims Surge
U.S Equities are bouncing after a three-day losing streak, but both the S&P (-2.2%) and Nasdaq (-2.5%) are set to close down for the week. The 2-year and 10-year treasury have reversed 0.87% and 1.38% respectively, after reaching 15 year highs this week. To counter the higher for longer environment, concerns are rising around a likely U.S government shutdown, which could hurt consumers and the economy. While detrimental to economic activity, this could be seen as a positive in the current âbad news is good newsâ market sentiment, since it may contribute to taming inflation. BTC and ETH gained 0.23% and 0.81% over the last day. TON has continued to outperform among large caps, rising 18.6% this week, overtaking Tron to enter the top 10 and nearly on par with SOL 3.18% at a MC of ~$8bn. The Telegram team has officially endorsed TON network as its blockchain for Web3 infrastructure, creating an in-app wallet that allows merchants to accept crypto payments on its popular messaging app.
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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 2.18% falling to $60k and ETH 2.51% approaching the low $2,300s. Aptos (APT -0.02% ) 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 0.65% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 2.18% climbing back above $61,000 and SOL -0.74% moving above $145, while ETH 2.51% is lagging, trading around $2,400. Among today's outperformers is SUI 2.12% , 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...
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