dYdX Chain Suffers Network Outage, 1inch Launches New Crypto Debit Card

Apr 8, 2024
Market Update Crypto assets are building on the weekend’s gains. $BTC (+3.47%) eclipsed $72.7k this morning before paring gains to approximately $71.8k. $ETH (+5.58%) is showing relative strength today, gaining to $3,650, helping the ETHBTC ratio reclaim the .05 mark. Last week’s ETF net flows totaled $484 million, displaying the continued demand for exposure among traditional investors. Equity indices are relatively flat today, with the SPY and QQQ both gaining about 0.05% ahead of a significant macroeconomic week. Important data releases this week include the NFIB optimism index tomorrow, March CPI and FOMC meeting minutes on Wednesday, and PPI data on Thursday. Given the strength of recent data and hawkish fed-speak, the CPI data release will be particularly important in determining the direction of near-term interest rates and the timeliness of any rate cuts.The dYdX Chain has been suffering from a network outage that started early this morning as a result of its version 4.0.0 upgrade. The development team has confirmed the chain has been halted and has posed a potential fix. The fix recommends using a snapshot at a post-upgrade block and running the v4.0.2 software to fix the state corruption issue. They also advised anyone running a validator node to contact its operat

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