Picasso Network Successfully Integrates IBC with Ethereum, Wormhole Token Goes Live
Rates are continuing yesterdayâs rise after ADP Employment showed 184k jobs vs. 150k expected. The US10Y hit a high of 4.3% before paring gains after March ISM Services data showed lower-than-expected prices, employment, and orders. U.S. equity indices are rebounding, with the SPY gaining 0.42% and the QQQ rising 0.60%. Crypto assets are showing more pronounced gains, with BTC (+1.28%) reclaiming $66k and ETH (+1.56%) rising above $3,300. Synapse (SYN) is displaying outperformance today, rising 6.40%, likely fueled by the Wormhole airdrop (more below). As mentioned in yesterdayâs commentary, Ethena Labs launched its token yesterday. ENA has been the top performer over the last 24 hours, gaining 40.2% and bringing its valuation over $15.2 billion.
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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 -0.01% briefly dropping below $62k and ETH -3.54% below $2.5k. Among altcoins, SUI -5.85% is showing...
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