dYdX Chain Moves to Full Production Trading, Jito Announces Airdrop
U.S. stock indices are relatively flat today, with the SPY and QQQ both declining less than 0.10%, as the DXY (-0.38%) continues retreating, falling below $103. In contrast, crypto assets are rallying sharply, with BTC (+2.37%) trading above $38k and ETH (+1.78%) rising above $2,060. GBTC (+4.76%) has been one of the most popular trades over the past year as its discount to NAV has shrunk from over 40% to 8.76%. As the bulk of the discount has compressed, capital may be beginning to rotate out of GBTC and into other crypto-related names, as Bitcoin miners MARA and RIOT are outperforming today, rising 8.07% and 5.11%, respectively.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC -1.83% falling to $60k and ETH 1.72% 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 -2.06% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -1.83% climbing back above $61,000 and SOL -1.42% moving above $145, while ETH 1.72% is lagging, trading around $2,400. Among today's outperformers is SUI -1.22% , 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 -1.83% briefly dropping below $62k and ETH 1.72% below $2.5k. Among altcoins, SUI -1.22% is showing...
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