Render
$RNDR
20 Results
The SPY (-0.44%) and QQQ (-0.40%) are moving lower to start the week following ISM Services data coming in at 53.4 vs. 52.0 expected, marking the highest level since October. The prices paid component surged to 64.0 vs 56.4 expected, causing rates and the DXY (+0.52%) to move higher. BTC -1.34% and ETH 0.22% pared early morning gains and are roughly flat on the day, trading at $42.5k and $2.3k respectively. Chainlink (LINK -5.46% )...
BTC -1.34% remained above $43k in morning trading, holding a 0.5% increase over the last day. LINK -5.46% surged to a 22-month peak, surpassing $18 and recording a nearly 30% gain over the week, outperforming most large-cap cryptos. This surge is indicative of a bullish departure from its previous three-month trading range of $13 to $17, continuing its recovery from lows near $5 in June 2023. AI-related crypto tokens surged following Meta's...
Binance Allows Large Traders to Keep Assets at Banks, Native USDC Coming to Celo
U.S. equities are showing moderate declines after JOLTS surprised to the upside with 9.03 million job openings vs. 8.75 million expected. The SPY and QQQ have declined by 0.14% and 0.63%, respectively. All eyes will be on tomorrowâs FOMC meeting and QRA announcement, which should give near-term direction to rates and the DXY. Crypto markets are showing strength, with BTC -1.34% rising 0.36% to $43.5k and ETH 0.22% gaining 2.46% to exceed...
Dencun Upgrade Pushed to Goerli Testnet, Core Scientific Approved to Emerge from Chapter 11
U.S. equity indices are declining today after retail sales data spiked (0.6% MoM vs. 0.4% exp.), and the DXY (+0.18%) continues to show strength above $103. The SPY and QQQ have fallen 0.74% and 1.02%, respectively. Crypto markets are performing similarly, with BTC -1.34% (-1.86%) trading around $42k and ETH 0.22% (-2.30%) holding near $2,500. Render (RNDR) and Chainlink (LINK -5.46% ) are two of the top performers today, potentially attributable to protocol-specific catalysts....
Compromised Ledger Software Sparks Flash-Crash, FASB Publishes "Fair-Value" Accounting Standards for Digital Assets
U.S. equity indices are mixed following yesterday's FOMCâs meeting, which confirmed board members are forecasting multiple rate cuts throughout 2024. The meeting was more dovish than expected, sparking significant moves down in the DXY and Treasury yields. Crypto markets had a scare this morning when a Ledger software issue was detected (more below) causing Bitcoin to drop over 3% in three minutes, with sharper drops in altcoins. Assets have since...
Equity indices are flat on the day after weekly jobless claims reached a two-year high and exceeded expectations (231k act. vs 220k exp). Treasury yields are falling following the data release, and markets are now pricing in a 49% chance of a May 2024 rate cut. Crypto markets are retracing some of yesterdayâs gains, with BTC -1.34% (-4.22%) trading at $36.3k and ETH 0.22% (-3.10%) trading slightly below $2k. ETH/BTC is showing...
Digital Asset Funds See Largest Weekly Inflows Since July 2022, Singapore Launches International Tokenization Pilot
This week is a busy one for macro events, with the BOJ, FOMC, and BOE all having monetary policy meetings, beginning with the BOJ tomorrow and the FOMC on Wednesday. It is expected that the FOMC will hold interest rates steady and signal that any further rate hikes will be contingent on financial conditions and economic data. As investors await, the SPY and QQQ have both gained approximately 0.80% today. Crypto...
The DXY is continuing its rise, holding above $105, as initial jobless claims came in softer than expected (216k actual vs. 234k expected), reigniting higher-for-longer fears. Equity markets are responding negatively, with the SPX (-0.25%) falling to $4,455 and the NDQ (-0.68%) dropping to $15,250. Crypto markets are holding slightly stronger, potentially responding to Ark Invest filing for a spot Ether ETF (more below). BTC -1.34% (+0.70%) has risen to $25.9k...
Binance.US Announces Suspension of USD Deposits and Vitalik and Polygon Co-Founder Donate to COVID Research
Crypto markets are up slightly on the day, BTC -1.34% has risen 0.54%, and ETH 0.22% has risen 0.15%. Interestingly, the ETH Dominance metric, a metric that measures Etheruem's market cap compared to the rest of the crypto market, has reached its highest levels since the Merge last year and at the peak of the 2021 bull market, indicating that Ethereum is extremely relatively strong to the rest of the market. Altcoins...
Stocks and crypto rebound after a week of negative price action amid optimism of a potential U.S. debt ceiling deal. The S&P is up 1.2%, while the Nasdaq gained 2.3%. BTC -1.34% and ETH 0.22% are up 2.1% over the last day. The top two cryptos are seeing near 5-year lows for supply held on exchanges, indicating optimism and demand from users that want to own and use assets on their respective...
Crypto markets are up slightly today as the majors continue to trade sideways; $ BTC is up 0.26% and ETH 0.22% is up 0.51%. While most altcoins have had an uneventful day, a few standouts exist. A.I.-related altcoins have been performing exceptionally since Nvidia's stellar performance after reporting earnings yesterday (shooting the stock up over 30%). A.I. coins AGIX, FET, and RNDR have risen 10.53%, 3.09%, and 3.72%, respectively. Traditional markets...
