[{"category":{"name":"Trending News","exported_url":"trending-news"},"id":"5281702d-c3d1-4872-8ae2-2e94441d92bd","updated_at":"2023-09-27T06:51:39.323269+00:00","account":{"firstName":"Mason","lastName":"Thompson"},"description":"U.S. stocks declined as bond yields surged and data revealed a consecutive monthly drop in consumer confidence in September. While the crypto market still remained under pressure. Top crypto gainers: Tellor, Frontier, Ark, Kyber Network Crystal v2, Bone ShibaSwap.","sapo":"U.S. stocks declined as bond yields surged and data revealed a consecutive monthly drop in consumer confidence in September. While the crypto market still remained under pressure. Top crypto gainers: Tellor, Frontier, Ark, Kyber Network Crystal v2, Bone ShibaSwap.","title":"Top Financial News Today Tuesday September 26, 2023","content":"

Top Stock News

U.S. stocks sank Tuesday. The Nasdaq and the S&P 500 fell 1.6% and 1.5%, respectively. The DJIA lost 1.1%, its biggest one-day decline since March.
The U.S. 10-year Treasury yield moved up to 4.55%, matching its highest level in about 16 years. The yield on the 10-year note began September at 4.18%.
The Consumer Confidence Index slipped to 103 in September - its lowest level in four months, according to CNN.
Investors are also contending with the possibility of a government shutdown. Lawmakers have until Sept. 30 to agree on a budget or pass a bill to extend the deadline.

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FTC filed a lawsuit against Amazon, alleging the e-commerce giant operates an online marketplace monopoly that stifles competition.

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Top Crypto News

The crypto market remained under pressure on Tuesday as the idea of higher rates for a longer period takes hold throughout financial markets. The broad CoinDesk Market Index (CMI) is down 0.6%.
Bitcoin fell 0.34% and Ether rose 0.31% on Tuesday trade; while other top 10 non-stablecoin cryptocurrencies traded mixed. BNB led gains with an increase of 1.19%.
JPMorgan's British retail bank Chase will ban crypto transactions made by customers from Oct. 16 due to an increase in fraud and scams.

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Members of the House Financial Services Committee called on the SEC to move forward to approve ETF applications. However, SEC once again delayed decision on ARK 21Shares spot Bitcoin ETF filing.

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Coinbase organized "Stand with Crypto Day" on Sept. 27 in order to raise awareness of what it says are the diverse group of Americans who hold crypto and the economic benefits of the new technology.

Top crypto gainers of the day:

1. Tellor (TRB)

Price of Tellor (TRB) surged +27.98% within past 24 hours with a volume of more than $142M, entering top crypto gainers of the day.

2. Frontier (FRONT)

The native assets of decentralized finance aggregation layer Frontier (FRONT) is outperforming the crypto market, pumping +19.60% due to bullish in-car metrics.

3. Ark (ARK)

Ark's price increased +9.52% on the introduction of the Latest ARK Scan Update.

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4. Kyber Network Crystal v2 (KNC)

Kyber Network Crystal v2 coin rose +8.39% following the collaboration with cookie3_co as the attribution and user analytics provider.

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5. Bone ShibaSwap (BONE)

Bone ShibaSwap grew +8.22% today. Per an update posted on X by the anonymous Shibarium developer, Shibarium1, the team has almost completed the minting of the remaining BONE supply.

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Top Financial News Today Tuesday September 26, 2023

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