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    LUNA and AVAX Surge Ahead; Axie Infinity Faces User Backlash

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    Chart of the Day

    On Wednesday, and much to the delight of most investors, prices within the crypto market continue to inch upward. However, it is important to take note that this rally is primarily a spot-driven one that is yet to be reflected in the derivatives market, as the futures basis and funding rates are still trapped within the negative territory when it concerns the latter.

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