Coinbase Launches Perps, dYdX Transitions to Public Benefit Structure
Oct 18, 2023
Market Update U.S. equities are moving lower as interest rates have resumed their climb. The S&P and Nasdaq had fallen 0.8% at time of writing, while both short and longer-term rates increased. The US30Y bond saw the biggest jump in its yield, reaching 5.02%, just under YTD highs. The rise in rates coincided with the release of inflation figures in the U.K and E.U., along with China's GDP data. The spike in U.K. rates is particularly significant due to inflation remaining at 6.7% from the previous month, which is higher than the anticipated 6.6%. On the other hand, the inflation rate in the E