SEC Sues Gemini and Genesis, Hodlnaut's Creditors Rejected Restructuring Plan
Traditional markets opened higher than the pre-markets before pulling back slightly at the time of writing. ^SPX -2.36% and NDAQ are trading at ~0.3% lower than yesterday’s close, while DXY is consolidating at the 102 area of support. Digital asset markets have decoupled on the lower time frames, with BTC and ETH trading at $19.1k (+5.6%) and $1.41k (+1.9%) levels, respectively. Despite the excitement around the upcoming Shanghai upgrade and liquid staking derivatives (LSDs), ETHBTC has fallen for a second straight day to 0.074, signaling a short-term pullback. Aptos (APT), Optimism (OP), and Lido DAO (LDO) have been the top gainers in the past week, appreciating by 90%, 53%, and 47%, respectively. Pancakeswap has amassed $30m in TVL on Aptos, Optimism has seen increased activity across addresses and transactions, while Lido continues repricing amidst excitement around LSDs.