Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice.

Will Jerome Powell drop the F-bomb on Congress?

The markets are currently focused on two key questions: 

- Will Powell suggests a 50 basis point hike when he testifies before Congress this week? 

- Will nonfarm payrolls surprise us on Friday?

Despite signs of hawkishness and declining earnings outlooks, US stocks and Crypto are holding up so far.

One potential opportunity we’re looking at is the Ethereum Layer 2 Optimism. Optimism is being used by Coinbase for its new BASE chain. and this could attract many developers to create monetizable dApps. 

Like many great projects, $OP has been available on Uphold since day one and is definitely worth checking out!

#cryptonews #crypto #uphold #blockchain #altcoinnews #upoftheday #bitcoin #ETH #Ethereum #web3 #NFTs #inflation

Uphold's Up of the Day - March 7, 2023

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Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice.

The future of business decisions looks like it’s gonna come from on-chain data.

There wasn’t much movement in the markets yesterday. As the Shanghai upgrade approaches, there doesn't seem to be any particular strategic moves, indicating that the concern over millions of unstaked ETH is probably baseless.

Additionally, We’re impressed with Parsiq PRQ today, which has recently been listed on Uphold. PARSIQ describes itself as a next-generation platform that provides monitoring and intelligence services — with analytical tools for blockchain technology. 

The importance of on-chain data for business decisions is on the rise, and with the unstoppable growth of crypto adoption, more and more companies may need to consider this.

#cryptonews #crypto #uphold #blockchain #altcoinnews #upoftheday #bitcoin #ETH #Ethereum