DCG Misses $640m Payment, 3AC's NFTs Fetch $2.5m, and Pudgy Penguins Launch Toys on Amazon
May 22, 2023
Market Update Equity markets opened the week with mixed results while bonds yields ticked higher as investors eagerly await updates on debt-ceiling negotiations. Relative to last week's close, $NDAQ is trading at -0.2%, $SPX is flat (+0.1%), while $QQQ is changing hands at +0.4%. US02Y and US10Y are up 1% on the day, reflecting the President's and House Speaker's meeting later today in an effort to avoid a technical default. Digital asset markets are relatively flat in the past day - $BTC and $ETH are trading at -0.1% and +0.1% over the period. After its meteoric rise in the past 3 weeks, $PE