3AC Creditors May Receive 46% Recovery Rate, PancakeSwap Proposes 40% Supply Reduction
U.S. equity indices are rising today after yesterdayâs late afternoon sell-off. The SPY and QQQ are both up over 0.70% following the Q3 GDP report showing 4.9% growth vs. 5.2% expected, moving the probability of a rate cut in March to 72.7%. Crypto markets are mixed, with BTC (-0.22%) showing modest declines while ETH is up approximately 1% on the day. SOL -1.47% (+7.74%) is outperforming today as lately DeFi activity has been concentrated on alt-layer-1 chains. Solana dominance (SOL -1.47% .D) has risen to 2.38%, its highest level since January 2022. Jupiter, a Solana-based aggregator, is expected to airdrop its token sometime in January, potentially throwing more fuel on the fire within the Solana ecosystem.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 2.43% falling to $60k and ETH 1.15% approaching the low $2,300s. Aptos (APT 1.40% ) 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 3.61% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 2.43% climbing back above $61,000 and SOL 2.80% moving above $145, while ETH 1.15% is lagging, trading around $2,400. Among today's outperformers is SUI 7.03% , 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 -0.74% and QQQ -0.90% 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 2.43% briefly dropping below $62k and ETH 1.15% below $2.5k. Among altcoins, SUI 7.03% is showing...
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