Kraken’s L2, Binance Lists Bitcoin Ordinal Token ORDI
The S&P could be on track for its seventh consecutive day of gains today after adding 0.32%, potentially the longest winning streak in nearly two years. As of this writing, the Nasdaq had gained 0.8%, with tech stocks increasing as long-term yields pulled back ~1%. Investors will closely watch commentary from several central bank speakers this week, including Chair Powell, to determine whether last week’s dovish tones continue. BTC is also moving higher 1% to $35.4k, while ETH has retraced 0.4%, giving back some of yesterday’s gains vs. BTC as ETHBTC fell 1.4%. Trust Wallet’s TWT is a notable outperformer today, rising 9.5% over the last day and 65% for the week. The move has been part of a broader rise by tokens closely associated with Binance, with PancakeSwap’s CAKE -0.58% (+75%), Venus’ XVS (+43%), and ApolloX token APX (+178%) all seeing significant weekly gains ahead of Binance Blockchain Week. Trust Wallet, a cryptocurrency wallet for mobile devices, was bought by Binance in 2018. Its token has surged with the impending launch of Binance’s new Web3 wallet.
Reports you may have missed
Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.98% 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 3.36% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.98% climbing back above $61,000 and SOL 2.43% moving above $145, while ETH 5.01% is lagging, trading around $2,400. Among today's outperformers is SUI 4.34% , 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 0.98% briefly dropping below $62k and ETH 5.01% below $2.5k. Among altcoins, SUI 4.34% is showing...