Arbitrum Announces Airdrop, Cathie Wood Raises Private Crypto Funds
Mar 16, 2023
Market Update Both traditional and crypto markets are rallying today as fears of systemic banking collapses have dissipated slightly. The $SPY (+1.52%) and $QQQ (+2.22%) are showing impressive gains, with higher growth names outperforming, as expectations for higher for longer rates are declining in light of recent financial turmoil. $BTC (+1.49%) continues to show relative strength, with $BTC.D reaching 45.71%, while ETH/BTC is approaching November 2022 lows. Layer-2 network Arbitrum has announced its token airdrop (more below) and has sparked a rally in the ecosystem’s alt-coins. Tokens s