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Starknet Airdrop Speculation, Circle Denies BBC Allegations

Dec 1, 2023
Market Update Equities are continuing to climb after closing out a strong November rally. The S&P gained 8.9% for the month, while the Nasdaq advanced 10.7%. Cooling inflation data coupled with a resilient economy drove optimistic sentiment. Jerome Powel commented on the future rate hike this morning, attempting to temper expectations of future interest rate cuts. He stated that it's too early to assert that the current monetary policies are adequately stringent. Despite Powell's cautious words, bond yields decreased as investors interpreted his comments to suggest that the Fed might not increase rates further. Consequently, the 10-year Treasury note yield dropped by six basis points to 4.295%. $BTC has risen 3.1% to new YTD highs, reaching $38.8k for the first time since May 2022. The price surge is fueled by excitement over a proposed U.S spot bitcoin ETF, coupled with on-chain data indicating that a substantial portion of the asset has been transferred to cold storage. This suggests a strong demand and a reduced likelihood of immediate selling pressure. $ETH is performing in line with $BTC, rising 3.5% to trade at $2.1k. $DYDX is a notable underperformer, with a 3% fall today coinciding with a ~$505 million unlock (81% of circulating supply). The unlock comes from vesting of

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MARKET UPDATE U.S. EQUITIES ARE RELATIVELY FLAT ON THE FINAL DAY OF TRADING FOR AUGUST, WITH THE ^SPX 0.91%  OSCILLATING AROUND $5,600 AND THE NDQ TRADING NEAR $19,400. Rates and the dollar are gaining today despite PCE and Consumer Confidence data providing more assurance that inflation is receding. Crypto is underperforming, with BTC -0.12% falling to $58.5k and ETH -0.13% at $2,450, as ETF flows and spot volumes have been muted this week....

BTC -0.12% ETH -0.13% FET -2.88% RNDR -3.51% SAFE N/A% SOL -1.09% ^SPX TAO 0.53%
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CRYPTO MARKET UPDATE In stark contrast to the recent BLS job number revisions, the government revised its Q2 GDP estimate higher this morning to 3%, leading to a jump in rates and the DXY. However, this data also apparently boosted confidence in the soft landing trade, as rate-sensitive indices like IWM are outpacing ^SPX 0.91%  and QQQ 1.15% . Chip-adjacent stocks are also performing well, spurred by another earnings beat from NVDA 1.39% , benefiting...

BTC -0.12% CORZ ETH -0.13% HNT -1.89% IREN NVDA +1.39% QQQ +1.15% SOL -1.09% ^SPX STX -0.07% WULF
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MARKET UPDATE U.S. EQUITIES ARE DECLINING AHEAD OF NVIDIA EARNINGS LATER TODAY, WITH THE SPY 0.91%  DECREASING TO $558.53, WHILE THE NVIDIA-HEAVY QQQ 1.15%  HAS DROPPED TO $472.20. The crypto market has suffered from large amounts of liquidations over the last 24 hours, totaling over $355 million as yesterday evening, BTC -0.12% fell swiftly from $62k down to $58k while ETH -0.13% made a similar move, falling from $2.6k to $2.4k in less than...

BLUR 11.44% BNB -0.43% BTC -0.12% ETH -0.13% ETHBTC LOOKS 0.34% QQQ +1.15% SPY +0.91% TON 48.02%
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CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -0.12% has fallen back below $62K, ETH -0.13% is under $2,600, and SOL -1.09% is just below $155. Only a few coins are in the green today, including TON 48.02% , rebounding from its recent selloff, MKR -0.88% , following its major rebrand announcement, and STX -0.07% , likely benefiting from the ongoing activation of the Nakamoto...

AAVE 1.17% BTC -0.12% BUIDL ETH -0.13% GHO 0.10% IWM +0.59% KRE +0.54% MKR -0.88% QQQ +1.15% SOL -1.09% ^SPX STX -0.07% TON 48.02% USDC 0.00%

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