INJ is up 8.7% after Nasdaq cleared its first US ETF listing.

Live on Binance right now: INJ at 8.03 USDT, +8.71% on $11M of 24h volume. NEAR at 4.02, +2.92% on $113M — roughly ten times the depth. Both beating BTC's +3.39% bounce.

Two catalysts, both structural rather than macro. NEAR governance passed HSP-029 this week, cutting max annual issuance from 2.5% to 1.6%, phased in over 24 months. And Nasdaq approved Canary Capital's Staked INJ ETF under ticker INJC — registration still has to take effect before shares can trade.

Supply tightening on one, US access opening on the other. $NEAR holding 4.00 and $INJ holding its 8.00 reclaim are the two levels traders are watching into the Europe open.

Thai and Chinese desks ran the INJC headline overnight. Korea and Japan — which of the two is in your bag this afternoon?

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Not financial advice. DYOR.