Genesis Settles With SEC, Pixelmon Fundraise

Feb 2, 2024
Market Update $BTC remained above $43k in morning trading, holding a 0.5% increase over the last day. $LINK surged to a 22-month peak, surpassing $18 and recording a nearly 30% gain over the week, outperforming most large-cap cryptos. This surge is indicative of a bullish departure from its previous three-month trading range of $13 to $17, continuing its recovery from lows near $5 in June 2023. AI-related crypto tokens surged following Meta's quarterly financial results, which exceeded analysts' expectations. The tech behemoth, formerly known as Facebook, reported a significant jump in revenue and announced an additional $50 billion in stock repurchases on Thursday, propelling AI tokens upward. The CoinDesk Indices' Computing Select Index (CPUS), which includes AI-focused tokens such as Render ($RNDR) and Fetch.ai ($FET), saw a near 10% increase over the past day, outpacing the gains of major cryptocurrencies, which rose nearly 3% according to the CoinDesk 20 Index. Since Meta's CEO, Mark Zuckerberg, shifted the company's focus to AI about a year ago, its stock value has more than doubled.The surge in technology stocks diverted investor attention from an unexpectedly robust jobs report released earlier on Friday. Following the announcement that the U.S. economy had added 353,000

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We are finally starting to see some relief in interest rates and the DXY 0.00% following yesterday's FOMC meeting and the Treasury's quarterly refunding announcement. BTC 1.43% has rebounded from yesterday's low of $56.5k and is now trading just above $59k, while ETH 2.09% is attempting to break through $3k resistance. SOL 2.00% has outperformed, gaining 10% compared to BTC yesterday and is now trading just below $140. The market is showing decent breadth...

We are witnessing a continuation of the recent weakness in crypto markets today, with BTC 1.43% now testing $60k, ETH 2.09% just below $3k, and SOL 2.00% dipping under $130. The broader altcoin market is experiencing even more pronounced declines, with very few names posting a green candle today. The market was pushed lower in the overnight hours following a disappointing debut from the Hong Kong ETFs (more on that below). However, this...

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