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The S&P 500 rose 5.7% last week after a tariff delay eased trade war fears; investors now await major earnings reports. Gold hit a record $3,200 amid trade tensions, a weaker dollar, and rising Fed rate cut expectations, with strong support from ETF inflows and central bank buying. CoinDesk Indices, which tracks the broader crypto market, dropped 0.31% in the past 24 hours, Bitcoin and Ether rose 1.22% and 2.00%, respectively. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today's top performer is BABY, up 25%, following the launch of Babylon's L1 mainnet and its partnership with Axelar for interoperability.
Babylon (BABY), launched on August 22, 2024, is a Bitcoin staking platform that enables users to earn income by temporarily locking their BTC tokens. Its trustless design differentiates it from other platforms by reducing the risk of malicious activity. Babylon launched its Layer 1 mainnet, Genesis, and native token, BABY, on April 10, alongside a partnership with Axelar for blockchain interoperability. With over $4 billion in Bitcoin staked, Babylon allows Bitcoin holders to stake directly, earning rewards in BABY, which also serves for gas and governance. The launch marks Bitcoin’s entry into the staking market.