Over $500m in Liquidations as Market Speculates on ETFs, Etherscan Acquires Solscan

U.S. equity indices are continuing their slide to start 2024, with the SPY dropping -0.65% and the QQQ falling -0.86%, while the DXY (+1.24%) has pushed up to $102.6. Crypto assets are experiencing significant volatility as BTC (-4.65%) briefly dropped more than 9% to the mid-$40,000s amid fears of the SEC rejecting spot bitcoin ETF applications. Despite most altcoins suffering large losses on the day, ARB is showing strength, rising 13.77% today as it surpassed $2.5 billion in TVL. Additionally, MKR is outperforming this week, gaining 10.64% after co-founder Sam MacPherson tweeted his outlook for the year and announced a 1:24,000 “token split” in an effort to improve Maker’s “meme-ability” and increase popularity within the retail crypto community.