Ethena Labs Announces Airdrop Details, SBF Sentenced to 25 Years in Prison
U.S. equities are flat on the day heading into the holiday weekend. The SPY has risen 0.07%, holding above $523, while the QQQ is down 0.06%, trading at $444. Although the market is closed tomorrow, the February PCE report will be released, and Fed Chair Powell will speak at the Macroeconomics and Monetary Policy in San Francisco. Surprises at either event could have an impact on markets. Crypto assets are rising today, with BTC (+2.25%) rising above $71k and ETH (+2.02%) hovering around $3,575. Memecoins are outperforming today, with DOGE, BONK, and WIF gaining 13.82%, 11.15%, and 9.29%, respectively. Asset manager Hashdex has converted its Bitcoin futures ETF into a spot ETF under the ticker DEFI, representing the 11th spot ETF.
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MARKET UPDATE Crypto is broadly lower today as geopolitical conflict continues to weigh on risk assets, with BTC 0.16% falling to $60k and ETH -2.54% 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 -5.60% is also showing slight gains following...
CRYPTO MARKET UPDATE Crypto prices have rebounded slightly following yesterday's sharp selloff, with BTC 0.16% climbing back above $61,000 and SOL -2.54% moving above $145, while ETH -2.54% is lagging, trading around $2,400. Among today's outperformers is SUI -5.00% , 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 0.11% and QQQ 0.23% 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 0.16% briefly dropping below $62k and ETH -2.54% below $2.5k. Among altcoins, SUI -5.00% is showing...
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