Coinbase Receives a Wells Notice, Consensys Launches Institutional Staking Marketplace
Mar 23, 2023
Market Update Markets are rallying today following yesterday’s FOMC meeting where the Fed unanimously decided to raise interest rates by another quarter point. The S&P 500 and Nasdaq 100 have both risen over 1%, while US Treasury yields and the US dollar are showing declines. $BTC (+4.25%) and $ETH (+5.24%) are displaying strength amid Arbitrum’s native token launch ($ARB), which has injected over $1 billion of fresh capital into the crypto ecosystem. Token claims went live at 9 AM EST, and heavy user traffic crashed both the Arbiscan and Arbitrum Foundation websites. $ARB initially trade