yETH Proposal Draws Mixed Reviews, SEC Summons Justin Sun and Celebrities to Court

Market Update Digital asset markets continue their run-up from Ethereum's successful Shapella upgrade midweek, while traditional markets stall. $BTC (-1%) is holding the 30k level since breaching it on Monday, while $ETH (+2.5%) breached $2.1k last evening before dipping right below it at the time of writing. $ETHBTC is trading back above the 0.066 level at 0.068 after failing to break down from 0.062. $SPX (-0.4%) and $QQQ (-0.6%) opened higher before retracing below yesterday's close, correlating inversely with bond markets. The 2Y and 10Y yields are up 3.6% and 2.4% on the day, currently at 4.1% and 3.5%, respectively. Over the past week, $INJ has been the second-strongest performer in the top 100, gaining 46%. The finance-focused Layer1 partnered with Eclipse to launch Cascade two weeks ago, their Layer2 testnet for Solana-based apps on Cosmos. Yearn.finance's proposed token, yETH, which tracks a basket of Ethereum Liquid Staking Tokens (LSDs), may not be launched yet due to a split within the Yearn.finance governance forum. The poll, which is non-binding, shows that 11 out of 20 voters oppose launching yETH. The token is intended to diversify risk by spreading it across various Ethereum LSDs while also earning additional yields through Yearn's veCRV position. Some users h