Coinbase Launches Perps, dYdX Transitions to Public Benefit Structure
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 Eurozone dipped from 5.2% to 4.3%, meeting forecasts. China’s economic growth decelerated, albeit not as much as predicted, registering 4.9% annualized in the third quarter. Additionally, it’s a noteworthy day for corporate earnings, with Tesla and Netflix scheduled to release their reports after market close. BTC had climbed back towards $29k overnight but has now retraced to $28.2k, falling 1.1% over the last day. ETHBTC has found support at the 200-week moving average, bouncing 0.96%, while ETH fell 0.37% in USD.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -3.13% falling to $60k and ETH -6.43% approaching the low $2,300s. Aptos (APT 0.48% ) 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 -9.96% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -3.13% climbing back above $61,000 and SOL -6.81% moving above $145, while ETH -6.43% is lagging, trading around $2,400. Among today's outperformers is SUI -5.78% , 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 -1.39% and QQQ 0.37% 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 -3.13% briefly dropping below $62k and ETH -6.43% below $2.5k. Among altcoins, SUI -5.78% is showing...
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