yETH Proposal Draws Mixed Reviews, SEC Summons Justin Sun and Celebrities to Court
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 1.48% (-0.4%) and QQQ 1.50% (-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.
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