ETH Showing Signs of Life, Arbitrum Introduces Locking Mechanism
Risk assets are starting the week on a strong note after a week marked by dovish data and the US Treasury’s accommodating refunding schedule. Despite today’s bounce in interest rates, the DXY remains relatively flat. Major equity indexes are showing slight gains, with healthcare and technology stocks leading the way. In the crypto market, assets are generally on the rise, with the recent rally broadening to other areas of the market. BTC is hovering around the $35k level, while ETH and related assets have shown signs of life, with ETH up approximately 5% relative to BTC since last Thursday. Notable outperformers today include AAVE, the leading multichain borrow/lend protocol, Thorchain (RUNE), a decentralized cross-chain liquidity protocol, and XRP, which appears to be rallying in anticipation of the SEC’s November 9th deadline to settle its lawsuit against Ripple for institutional sales.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.94% falling to $60k and ETH 5.01% approaching the low $2,300s. Aptos (APT N/A% ) 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 3.39% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.94% climbing back above $61,000 and SOL 2.46% moving above $145, while ETH 5.01% is lagging, trading around $2,400. Among today's outperformers is SUI 4.46% , 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 -1.67% and QQQ -2.05% 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 0.94% briefly dropping below $62k and ETH 5.01% below $2.5k. Among altcoins, SUI 4.46% is showing...
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