Ethereum Completes Shapella Upgrade, $7.3 Billion in FTX Assets Recovered
Apr 13, 2023
Market Update March's Producer Price Index (PPI) data showed a downside surprise this morning, coming in at -0.5% MoM versus 0.0% expected and Core PPI at -0.1% MoM versus +0.2% expected. Traditional markets are rallying as the combination of CPI and PPI data has helped ease fears of inflation reaccelerating. The $SPY and $QQQ have risen 0.83% and 1.49%, respectively, while the $DXY (-0.61%) is approaching its 2023 lows. Crypto markets are benefitting from the economic data and the successful completion of Ethereum’s Shapella upgrade, enabling withdrawals for ETH stakers and marking the com