Coinbase Strikes Back at the SEC and Genesis' Restructure Plan Collapses
Apr 25, 2023
Market Update Equity indices are falling today amid an action-packed week of corporate earnings. The $SPY (-0.81%) is trading just above $410, while the $QQQ (-1.03%) is hovering around $313. After reaching its lowest level since November 2021, the $VIX (+8.53%) is beginning to rise again. Crypto is in-line with equities as $BTC (-0.49%) is trading at $27,300, and $ETH (-1.39%) is trying to stay above $1,800. Arbitrum has completed its distribution of $ARB tokens to its ecosystem’s DAOs. Airdrop allocations are providing a large boost to projects’ value as a percentage of their market cap