OpenSea Receives Wells Notice, BNB Launches Cross-Chain Bridge
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CRYPTO MARKET UPDATE In stark contrast to the recent BLS job number revisions, the government revised its Q2 GDP estimate higher this morning to 3%, leading to a jump in rates and the DXY. However, this data also apparently boosted confidence in the soft landing trade, as rate-sensitive indices like IWM are outpacing ^SPX 0.91% and QQQ 1.15% . Chip-adjacent stocks are also performing well, spurred by another earnings beat from NVDA 1.39% , benefiting...
CRYPTO MARKET UPDATE Despite a $200 million inflow into BTC ETFs yesterday, crypto prices have declined over the past 24 hours. BTC -0.98% has fallen back below $62K, ETH -1.19% is under $2,600, and SOL -2.88% is just below $155. Only a few coins are in the green today, including TON 21.16% , rebounding from its recent selloff, MKR -1.44% , following its major rebrand announcement, and STX 0.10% , likely benefiting from the ongoing activation of the Nakamoto...
MARKET UPDATE CRYPTO MARKETS EXTENDED LAST WEEK’S RALLY OVER THE WEEKEND, WITH BTC -0.98% BRIEFLY RISING ABOVE $65K AND ETH -1.19% ABOVE $2.8K. They have trimmed some of their gains, with Bitcoin trading at $63.3k and Ethereum slightly above $2.7k. AI-related tokens have been outperforming ahead of Nvidia earnings set for this Wednesday. FET -5.19% , RNDR, and AKT -4.97% have gained 69%, 38%, and 25%, respectively over the last seven days. U.S. equities are...
CRYPTO MARKET UPDATE Risk assets are surging following Fed Chair Jerome Powell's dovish pivot at Jackson Hole, signaling a shift in policy aimed at addressing potential weaknesses in the job market through rate cuts. The DXY has dropped significantly, reaching a new year-to-date low and approaching the 100 mark. Cryptoassets are rallying, with BTC -0.98% nearing $62,000 as it works to break through its 50-day moving average, which has provided significant...
