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BLUR Outperforms, MT. Gox Trustee to Initiate Repayments

Nov 24, 2023
Market Update The S&P 500 saw a 1% weekly increase, while the Nasdaq Composite experienced a 0.9% rise during the same period. This marks the fourth successive week of gains for major indexes, the longest streak since June for both the S&P 500 and Nasdaq. Treasury yields reached their lowest levels in several months this week, fueled by optimism that inflation is subsiding and anticipation that the Federal Reserve might cease rate hikes. $BTC momentarily reached the $38k mark this morning, a level not seen since May 2022. Since then, the largest cryptocurrency has pulled back a bit, yet it still holds a 1.5% increase for the day. $ETH is following 1.7% higher, trading at $2.1k. Unlike Bitcoin, Ethereum has yet to make new YTD highs, although $ETHBTC continues to show signs of bottoming as it looks to trade in its 3rd week of gains in four, reaching .055 at writing. NFT marketplace token $BLUR has been the best performer among the top 100 this week, gaining 110%.Blur season 2 was set to end with a $BLUR airdrop this week, but a new bullish development emerged: the introduction of Blast, an EVM-compatible Layer 2 aimed at enhancing the NFT ecosystem with native yield. The Blast bridge, a one-way multisig contract on Ethereum, will activate its chain and withdrawals in February and

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