CFTC Sues CZ, Polygon zkEVM Launches, MSTR Buys More Bitcoin
Mar 27, 2023
Market Update Major equity indices opened higher on Monday morning, initially responding well to the announced acquisition of SVB by First Citizens Bank, which brought some life to bank stocks. However, the indices have since retraced their gains, with the S&P 500 trading 20 basis points higher and the Nasdaq turning negative, down 70 basis points since market open. The market continues to face rate volatility, with the U.S. 2Y and U.S. 10Y moving substantially higher. As a result, bond volatility, as reflected in the MOVE index, continues to rise, surpassing 170. Meanwhile, the crypto market
