Avalanche
$AVAX
13 Results
BTC -1.63% is trading near $44k, recovering some of its losses after yesterdayâs leverage flush sent prices down 9% from $45k to a low of $40.8k. ETH -0.18% is performing in line with BTC -1.63% , rising 2.3% to ~$2.3k. U.S equities are relatively flat from yesterday, with the S&P gaining 0.1% while the Nasdaq was down 0.12%. Layer-1 tokens SOL -5.71% and AVAX -5.27% show the most strength among the top 10, gaining 3.9% and...
Following our recommendation on Thursday afternoon for a short-term tactical trade on AVAX -5.27% , the asset experienced a promising rally to nearly $12, marking a robust 30% rebound from its recent lows. However, in the overnight hours, a critical development emerged: Stars Arena, the SocialFi app that catalyzed recent AVAX activity, appears to have been compromised. The price of AVAX has since returned to just above our initial entry point. It's...
WHAT HAPPENS WHEN BONDS HAVE A HIGH EMISSIONS SCHEDULE Traditional markets have undeniably faced a whirlwind of volatility over the past week. The bond market continued its recent trajectory with the long end of the yield curve soaring to new multi-decade highs. At one juncture, the 30-year yield even brushed against the 5% mark, a development that has rattled both bond and equity investors. Concurrently, the DXY index maintained its...
Stars Arena Sparks Avalanche Activity, El Salvador Launches First Bitcoin Mining Pool
U.S. equity indices are falling today, putting the SPX (-0.68%) on pace for its fifth consecutive negative week and the NDQ (-0.97%) on pace for its fourth negative week out of the last five. Investors are awaiting tomorrowâs employment report for a read on the labor market, as JOLTS and ADP Employment have given mixed signals this week. Crypto markets are declining in line with equities, with BTC -1.63% (-0.73%) trading...
Fundstrat’s recently launched Crypto Core Strategy offers subscribers a digestible tool to manage their crypto portfolio, with the goal of outperforming bitcoin. For those looking to amplify the returns of their long positions, this complementary issue of DeFi Digest strives to cast light on some of the best risk-adjusted yields. We first describe our methodology to filter for yield opportunities, then dive into the protocols offering the yields, and describe...
Cathie Wood Buys the Coinbase Dip and Bahamian Regulators Seize Crypto from FTX
Crypto and traditional markets slid lower today, with BTC -1.63% and ETH -0.18% falling 1.37% and 1.03% and SPX and NDQ falling 0.85% and 1.23%. Altcoins continue to decline relative to Bitcoin and Ethereum as investors have a "flight to quality" into year-end. AVAX -5.27% , SOL -5.71% , and NEAR -7.98% for example are down 2.64%, 1.76%, and 3.93% at the time of writing. This rotation into bitcoin and ethereum is seen in BTC and ETH...
Crypto and traditional markets each turned higher today. BTC -1.63% and ETH -0.18% are up 0.79% and 1.91%, while SPX and NDQ are up 0.75% and 1.16%. This comes as the dollar (DXY) continues to fall - down 0.31%. Most altcoins have lagged today compared to bitcoin and ethereum. For example, alt-layer ones NEAR -7.98% and AVAX -5.27% are down 0.15% and 0.89%, and SOL -5.71% is up just 0.59%. An exception to this is...
FIGURE: PEPE CROSSING BRIDGES TO EXPLORE ALTERNATE LAYER 1S / LAYER 2S Although ETH remains the dominant Layer 1 for most on-chain activity, alternate Layer 1s have demonstrated product-market fit throughout the bull market run of ‘20/’21. Solana (SOL -5.71% ) emerged as the ‘high-throughput chain’ focused on complex DeFi / gaming, BNB Chain (BNB 2.09% ) offers easy fiat on/off-ramps through Binance CEX, while Avalanche (AVAX -5.27% ) and Cosmos (ATOM -5.46% ) are building application-specific blockchains...
FIGURE: GHO LAUNCHING AMIDST THE BLOWUPS AROUND IT Seeing the CeFi realm blowing up around us, it is perhaps pertinent to reflect and hammer the lessons into our collective crypto consciousness. Drawing from CeFi, DeFi and Everything in Between, it is clear now that Celsius, BlockFi, and Voyager Digital function as ‘CeDeFi,’ similarly to TradFi banking entities and are prone to the same weaknesses such as position opacity and human...
WEEKLY RECAP It was another week of green candles across the crypto ecosystem as bitcoin flirted with its 200-day moving average for the first time in several months. Like last week, the more speculative sectors outperformed the prior 7-days, with the once-beleaguered DeFi sector continuing to turn some heads. _Source: Messari_ Below we examine some of the reasons we think that this relief rally mirrors those seen in late 2021...
