BNB Chain Launches Rollup-as-a-Service Solution, Robinhood Reports Increased Crypto Trading Activity
A deluge of economic data was released this morning, including higher-than-expected PPI data, sparking a move higher in the DXY (+0.47%) and Treasury Rates. U.S. equities are showing modest declines, with the SPY decreasing 0.15% and the QQQ declining 0.07%. Crypto assets are faring worse, with BTC (-1.60%) falling below $72k and ETH (-2.79%) dropping to $3,900 despite yesterdayâs successful Dencun upgrade. Although the majors are showing losses, there are still pockets of outperformance across altcoins, including SOL -1.39% (+6.57%) and its ecosystemâs corresponding memecoins WIF (+22.1%) and BONK (+5.19%). The WIF community has raised over $690k in less than four days to display the tokenâs mascot on the Las Vegas Sphere.
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Crypto Receives a Boost from Strong Jobs Print, WULF Sells Hash Rate to Expand AI Capabilities
CRYPTO MARKET UPDATE The crypto market is moving higher today, lifted by stronger-than-expected jobs numbers. The BLS reported 254k jobs added last month, far exceeding the market estimate of 140k, while August's figures were revised up from 142k to 159k. The unemployment rate also dropped to 4.1% from 4.2%. In response, rates rallied, the DXY spiked, and the futures market largely priced out the possibility of a 50 bps rate...
MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 3.82% falling to $60k and ETH 1.43% 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 1.31% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 3.82% climbing back above $61,000 and SOL 4.82% moving above $145, while ETH 1.43% is lagging, trading around $2,400. Among today's outperformers is SUI 9.03% , 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 1.25% and QQQ 0.19% 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 3.82% briefly dropping below $62k and ETH 1.43% below $2.5k. Among altcoins, SUI 9.03% is showing...
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