ended the week down about 11%. Investors are likely to experience more turbulence heading into the open on Monday unless regulators can restore confidence.
from the Financial Times. All eyes will be on Credit Suisse and the knock-on effect the news has on markets.Speaking of markets, as banking stocks tumbled, bitcoin and ether surged. Analysts and investors will be watching closely to see whether the crypto assets maintain this rally with the Federal Reserve expected to hike interest rates on Wednesday.
Layer 2 scaling solution Arbitrum will airdrop its token on Thursday. About 12.75% of its total token supply will be airdropped to the community. The tokens will be given to those who have used the network over the last year. Offchain Labs, the developer of Arbitrum, worked with crypto data provider Nansen to design the criteria designating who should receive the airdrop, The Block
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