ETH Surges Following Shapella Launch; Azuki Partners With Line Friends

Daily Top Mover  — Ether (ETH)

U.S. equities soared in the wake of lower-than-expected PPI reading, reviving hope that inflationary pressures have been reduced. The broader cryptocurrency followed suit, with Bitcoin and Ether standing above $30k and $2,100 respectively. 

Today’s outperformer is ETH, which surged 9.76% in the past 24 hours following the bullish market sentiment as well as the successful completion of Ethereum Shapella. Ether has not seen a price dump experienced in the wake of The Merge, likely due to its underperformance against Bitcoin in the 2023 bull run. That said, there is continuous withdrawal from users, which may add to Ether’s selling pressures.

Check Out the Latest Prices, Charts, and Data of ETHUSDT!

Talk of the Town

Azuki creator Chiru Labs partnered with Line Friends with potential content, merchandise, and events in the works. Line Friends is a popular messaging app in Japan and South Korea, with its cartoon characters attracting millions of die-hard fans in the region. Line Friends even has physical shops selling its branded merchandise featuring those cartoon characters. The collaboration between Chiru Labs is expected to create synergy, with Chiru Labs being accessible to millions of users. Read more here.

Check out what else is buzzing in the crypto scene today:

Paxos set to withdraw from Canada amid regulatory uncertainty. (Link)

EToro to offer crypto trading directly to Twitter users. (Link)