LayerZero and Starknet Confirm Airdrops, El Salvador Announces "Freedom Visa"

The combination of consumer sentiment and unemployment data has provided fuel to support the soft-landing scenario. UMich consumer sentiment came in higher-than-expected (69.4 vs. 62.0), 1-year inflation expectations dropped significantly from 4.5% to 3.1%, and the unemployment rate came in at 3.7% vs. 3.9% expected. Anchored inflation expectations and lower unemployment are giving investors optimism that inflation can retreat while the U.S. avoids a recession, driving the SPX (+0.30%) and NDQ (+0.31%) above $4,600 and $16,000 respectively. Crypto markets are rising with equities, as BTC (+1.44%) is pushing back towards $44k, and ETH (+0.10%) is steadying around $2,360. Cardano is a notable top performer today, rising 25.06% to approximately $0.57, its highest level since August 2022. BONK is continuing its meteoric rise, gaining 25% today and 137% on the week, propelling it into the top three meme coins with a $778 million market cap.