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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