Uniswap Proposes Revenue Share for Token Holders, Avalanche Suffers Network Outage

Feb 23, 2024

Equities are relatively flat in Friday’s trading after yesterday’s 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 $2,900’s. 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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