PERP Surges Following Fee-Sharing Launch; Ethereum Successfully Deploys First Shadow Fork for Shanghai Upgrade
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Daily Top Mover — Perpetual Protocol (PERP)
Most U.S. equity indices fell slightly overnight as investors waited for further signals on corporate earnings. The earnings season will kick into overdrive in the coming week as Big Techs begin to unveil their Q4 results. Meanwhile, the broader cryptocurrency market retraced, with Bitcoin and Ether declining by 2.6% and 6.5% in the past 24 hours as of the time of writing. The top mover for today, PERP, registered a 24-hour return of 20.14%, outperforming the broader market due to the announcement of fee sharing to staked PERP holders.