Jito Debuts at $1.9 Billion, Robinhood Launches EU Bitcoin Rewards

Dec 7, 2023
Market Update Equities are attempting to break a three-day losing streak, with the S&P rising 0.7% and the Nasdaq up 1.5% ahead of tomorrow’s jobs report. Economists polled by Dow Jones expect 190k additional jobs added in November, an increase from the prior month. Investors are eagerly awaiting indications that the labor market is settling down, which could reassure the Federal Reserve to stop increasing interest rates. $BTC is beginning to show the first signs of waning near-term momentum, falling 1.1% to $43.4k. $ETHBTC has bounced strongly off support at 0.05, rising 5.4%. $ETH is trading at $2.3k at writing. There has been strong performance from top $ETH adjacent protocols, which tend to trade with a high beta to $ETH. Top L2 tokens $OP and $ARB gained 24% and 11%, respectively, while leading liquid staking token $LDO is up 10%.Coinbase has launched trading for the $JTO token from Jito, a prominent DeFi project on the Solana blockchain. This decision follows the launch of Jito's airdrop of the token to early users of the protocol. $JTO serves as a governance token for Jito, which ranks as the second-largest DeFi project on Solana as per DeFi Llama. Jito offers users the opportunity to earn returns from liquid staking and MEV on the network. Airdrops, like the one Jito i

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CRYPTO MARKET UPDATE CRYPTO HAS RESUMED ITS RECENT WEAKENING TREND FOLLOWING A WEEKEND PUMP, WITH BTC 1.48% TESTING THE $65K LEVEL, ETH 1.42% TRADING AROUND $3500, AND SOL 0.42% APPROACHING $140. The ETHBTC ratio is declining again after a weekend relief rally sparked by news from Bloomberg ETF expert Eric Balchunas on Friday evening, clarifying his timeline for the ETH ETF launch. Meanwhile, the DXY continues its upward trajectory from the post-CPI selloff,...

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