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Major DeFi protocol cops a Curve ball; Ethereum turns eight
The crypto market landed somewhere below whelmed last week, but the price action is so far trying to evolve from its stagnant pool this week, with Bitcoin trading around US$29.4k. The less-than-inspiring crypto market action right now will have something to do with macro machinations, what with the US Federal Reserve raising interest rates by 25bps last week. Although that was expected and seemed largely priced in. US interest rates are the highest they’ve been in 22 years, but, as our very own non-fungible Eddy Sunarto points out in his Market Highlights column this morning, at least the PCE data has come in ... (full story)