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The SPX index was up by 0.71%, nine of the 11 S&P sectors advanced, with healthcare, technology, and industrials leading the way. Investors are also awaiting September’s consumer inflation report and reacting to the Fed’s meeting minutes, which indicated support for a significant rate cut but left future cuts uncertain. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 2.49%, with Bitcoin and Ether dropping by 1.99% and 3.32%, respectively in the past 24 hours.
Today's top performer is UNI, which surged 2.9% following the launch of UniswapX on mobile, offering gas-free swaps and MEV protection.
Uniswap (UNI), founded on November 2, 2018, is a decentralized exchange protocol built on Ethereum that uses an automated liquidity model instead of an order book. Liquidity providers create pools, enabling users to trade ERC-20 tokens without intermediaries. Uniswap allows any ERC-20 token to be traded without listing fees, making it ideal for new or smaller projects.