Uniswap Proposes Revenue Share for Token Holders, Avalanche Suffers Network Outage
Equities are relatively flat in Fridayâs trading after yesterdayâs sharp surge. The SPY has gained 0.16%, while the QQQ is down 0.09%. Crypto assets are underperforming compared to equities with BTC (-0.47%) briefly dropping below $50.7k and ETH (-1.20%) retreating to the low $2,900âs. Reddit filed for its S-1 yesterday, indicating that it had invested some of its excess treasury funds into Bitcoin, Ether, and Polygon. Following the disclosure, MATIC surged upwards of 5% up to $1.06. It has since retraced the entire gain but could be indicative of a future where more corporations begin adding digital assets to their balance sheets.
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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 3.32% falling to $60k and ETH 1.46% approaching the low $2,300s. Aptos (APT N/A% ) 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 0.77% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 3.32% climbing back above $61,000 and SOL 5.84% moving above $145, while ETH 1.46% is lagging, trading around $2,400. Among today's outperformers is SUI 0.88% , 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 1.79% and QQQ 1.82% 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 3.32% briefly dropping below $62k and ETH 1.46% below $2.5k. Among altcoins, SUI 0.88% is showing...
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