Magic Eden Rewards Launch, UMA and Flashbots Partner on MEV Product
Jan 24, 2024
Market Update Stocks are rising following China's decision to lower the reserve requirements for banks, coupled with strong early earnings from technology firms like Netflix and ASML. Meanwhile, the cryptocurrency market has stabilized somewhat, recovering slightly from its recent decline. $BTC has reclaimed $40k gaining 2%, while $ETH gained 1% to reach $2.2k. Bitcoin's recent drop below the $40k mark appears to have been sparked by news that Mt. Gox is confirming Bitcoin addresses for paying back its creditors, potentially releasing a significant 142-200k BTC into the market. On a brighter