Conflux
$CFX
6 Results
BTC -2.55% continues to drift lower, falling 2.6% over the last day to $41.4k. Bitcoin has dropped by up to 15% after peaking the same day as the highly anticipated ETF listing. This decline is partly attributed to withdrawals from Grayscale's Bitcoin Trust and miner selling. The trading volume for spot bitcoin ETFs reached almost $2.2 billion yesterday, a slight increase from Tuesday's $1.8 billion but significantly lower than the $3...
Crypto markets had a volatile morning, initially rallying off a cooler-than-expected CPI print of 0.2% (est. 0.295%) and Core CPI of 0.2% (est: 0.3%). According to data from the Bureau of Labor Statistics, this is the slowest rate in more than two years. Shortly after the CPI release, an on-chain wallet of the US Government containing bitcoin from the Silk Road Hack was seen transferring 9,000 Bitcoin, potentially to sell it....
Coinbase Announces Increase to USDC Rewards Program and the French Arm of Binance Under Investigation
At the time of writing, crypto markets have continued to lag behind other asset classes today - with BTC -2.55% and ETH -1.28% down 0.34% and 0.17%, respectively. Traditional markets continue to move higher, with SPX up 0.18% and NDQ up 0.08%. Gold has also risen 0.10%. The majority of altcoins continue to underperform Bitcoin and Ethereum. OP -3.82% is down 1.44%, SOL -6.48% is down 0.95%, and LINK -6.37% is down 1.83%. Chainlink's price...
Lido Finance Launches v2 Upgrade, Institutional Infrastructure Continue to Attract Funding and Partnerships
Markets saw a retracement as retail sales data for April came in lower than expected, triggering fears of weak earnings from retailers. SPX and NDAQ slid 0.3% and 0.6% lower than yesterday's close, while the QQQ continued its ascent from nearly two weeks ago, up 0.5%. Digital asset markets saw a similar decline, with BTC -2.55% dipping below $27k for the second time in the past month, and ETH -1.28% trading at...
Markets have largely received news of the Fed's balance sheet expansion to $8.6T earlier this week to be favorable but concerns around the stability of regional banks still loom. SPX (-1.3%)and QQQ (-1.0%) have opened lower today after First Republic Bank received its $30b infusion from other banks. BTC -2.55% (+6.0%) briefly traded at $27k this morning before retracing to right below it, while ETH -1.28% (+3.6%) did not break its $17.8k...
