$700m Jupiter Airdrop, XRP Co-founder Hacked
Crypto markets are mixed as BTC climbs 0.4% higher to reach $43.6k, while the aggregate crypto market cap is lower. ETH is underperforming, falling 1.3% to $2.3k. As we close the month, the top performers among the top 100 over the last 30 days have been new L1 SUI 1.73% (+95%), AI-focused network TAO (+68.6%), and gaming token RON (+21.4%). In the same period, BTC has gained ~3% from its yearly open near ~$42k, currently reaching the midpoint between its initial local top of $48k the day of ETF launches and the $38.5k low that followed. U.S equities are falling today as investors await FOMC decisions and post-meeting statements, which will provide direction on whether the Fed will keep raising rates or signal a potential start of easing. For months, the consensus in the market has been that the Federal Reserve is unlikely to increase interest rates further. The key issue now is determining when the Fed might begin to reduce them. The last rate increase occurred in July 2023. Since then, inflation rates have gradually decreased and, according to one metric, are now close to falling below the Fed’s 2% target.
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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 -3.57% falling to $60k and ETH -3.09% approaching the low $2,300s. Aptos (APT 0.49% ) 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 -0.98% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC -3.57% climbing back above $61,000 and SOL -2.93% moving above $145, while ETH -3.09% is lagging, trading around $2,400. Among today's outperformers is SUI -6.22% , 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 0.56% and QQQ 0.55% 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 -3.57% briefly dropping below $62k and ETH -3.09% below $2.5k. Among altcoins, SUI -6.22% is showing...
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