Optimism and Sui Upcoming Token Unlocks, LayerZero Halts Emissions on Fantom Pools
May 31, 2023
Market Update After showing gains in after-hours trading, markets retraced on the first trading day after Memorial Day Weekend. President Biden and House Speaker McCarthy struck a tentative deal to raise the U.S. debt ceiling, although markets are ambivalent on whether it can be implemented by the June 5th deadline. $SPX and $QQQ opened 0.5% and 1.1% higher from last week's close before retracing to 0.1% and 0.9% higher, respectively. Treasury yields edged down after rising for almost two consecutive weeks, with the US10Y currently trading at 3.7%. $BTC and $ETH pumped on low liquidity on Sun
