Blockchain Association Sues the SEC, Cosmos Patches Potential Reentrancy Vulnerability
U.S. Treasury rates and the DXY (-0.46%) are sliding today following weaker-than-expected S&P Flash PMI data, helping catalyze a 1% rally in equity indices. Manufacturing PMI came in at 49.9 vs. 52.0 expected, and Services PMI read 50.9 vs. 52.0 expected. Bitcoin miners have benefited as rates retreat and transaction revenue remains elevated, with RIOT -1.53% , CLSK, and MARA -1.41% showing weekly gains of 26%, 16%, and 14%, respectively. Crypto assets are mixed with BTC -0.82% (-0.18%) holding at $66.7k and ETH -1.91% (+1.48%) climbing to $3,250. The Akash Network (AKT), a decentralized compute marketplace, is a top performer today, surging over 70% to $7.10 after being listed on Upbit. AKT -6.63% (+25.88%) has since pared its gains and is trading at approximately $5.25.
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CRYPTO MARKET UPDATE Prices have whipsawed over the past 24 hours as we enter a pivotal week of macro data releases. BTC -0.82% is moving back toward $60k after dipping lower following the US market open, while ETH -1.91% is trading just below $2,700, and SOL -3.25% is attempting to reclaim the $150 level lost over the weekend. Among the top 100 assets, major outperformers include HNT -4.40% , which continues its recent surge, SUI -5.42% ,...
CRYPTO MARKET UPDATE CRYPTO WAS CERTAINLY LOOKING STRONG RELATIVE TO EQUITIES YESTERDAY UNTIL ASIAN MARKET HOURS COMMENCED. Shortly after the HK market opened, we saw increased sell pressure and approximately $100 million in liquidations across all crypto assets, bringing BTC -0.82% down to below $64,000, ETH -1.91% down to $3,150, and SOL -3.25% to just below $170. This contrast in price action during U.S. and Asia market hours has been consistent throughout July....
CRYPTO MARKET COMMENTARYBITCOIN REBOUNDED OVER THE WEEKEND, WITH PRICES FULLY RECOVERING FROM FRIDAY'S DRAWDOWN BY MONDAY MORNINg. BTC -0.82% is now trading just below $63k. Meanwhile, both ETH -1.91% and SOL -3.25% have lagged, trading at $3950 and $146, respectively. Altcoin flows seem to have shifted towards memecoins, which are outpacing the rest of the market today, with gains exceeding 5% from BONK -5.13% , DOGE 3.46% , and PEPE. This interest in memecoins likely stems from...
MARKET COMMENTARYA PRETTY SIZEABLE MISS IN TODAY'S CONSUMER SENTIMENT SURVEY REVERSED MOST OF THE GAINS EXPERIENCED IN THE CRYPTO MARKET OVER THE PAST 24 HOURS. Consumer sentiment came in at 67.4, well below market expectations of 77.2. 1Y inflation expectations came in at 3.5%, well above the market forecast of 3.2%. We saw the DXY N/A% turn sharply higher on the move, and most risk assets sold off. BTC -0.82% fell from...