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Optimism Completes Bedrock Upgrade, CBOE Receives Margined Futures Approval

Jun 7, 2023
Market Update Traditional markets are stumbling today as the National Bank of Canada unexpectedly raised interest rates by 25 bps, sparking fears that the U.S. will potentially follow suit. The $SPX (-0.31%) failed to break through $4,300, while the $NDQ (-1.36%) has taken a pause on its recent outperformance. Crypto markets are still digesting the repercussions of the SEC lawsuits against Binance and Coinbase, with $BTC (-3.15%) trading around $26.3k and $ETH (-2.26%) hovering near $1,850. Binance Coin ($BNB) has fallen over 8% today amid rumors that the U.S. Department of Justice will bring further legal action against the exchange. In contrast, Stacks ($STX) is one of the top performers today, rising 4.55% as investors acknowledge the company’s prior efforts to launch its token with regulatory approval from the SEC.Layer-2 network, Optimism successfully completed its “Bedrock” upgrade yesterday afternoon. The upgrade is an important step in Optimism’s goal of creating a “superchain” of scalable Web3 networks. The upgrade implemented a new optimistic rollup architecture and gas pricing model, resulting in quicker deposit times, gas optimizations, lower user transaction fees, and increased network security. Additionally, the Bedrock upgrade supports modular proof sy

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