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The SPX index is down 0.77%, rising U.S. bond yields pressured stocks after the 10-year T-note reached a 9-3/4 month high. The broader cryptocurrency market is down, with Bitcoin and Ether dropping 4.53% and 5.06% respectively, in the past 24 hours.
Today’s outperformer is AUCTION, which surged 12.2% in the past 24 hours after launching a marketplace for real-world collectibles merging physical goods with NFTs
Launched in 2020, Bounce Finance (AUCTION) is known for its decentralized auction protocol that caters to various types of auctions, including tokens and NFTs. AUCTION has introduced its Real-World Collectibles Marketplace, a platform that merges NFTs with tangible goods such as clothing and luxury items. Utilizing NFC chip technology, it ensures authenticity and links physical items to digital ownership. This allows creators to sell physical collectibles while boosting Web3 brand presence. AUCTION oversees the production and shipping, allowing projects to establish brand stores on the platform and offer a diverse range of tangible collectibles.
Check Out the Latest Prices, Charts, and Data of AUCTIONUSDT!
According to Bloomberg, reports suggest that the US SEC is likely to give its approval for the first Ethereum Futures ETF in the country. Valkyrie is expected to list the ETF on October 3rd or 4th, giving investors the opportunity to access Ethereum on stock exchanges, similar to how they trade traditional stocks. Various firms, including ProShares, Volatility shares, Bitwise, and Roundhill, have also applied for Ethereum-based ETFs. If the Ethereum futures ETF is approved, it has the potential to significantly boost the market cap of Ether, which is currently at $192 billion.