Curve Launches Native Stablecoin, FTX Attempts Clawbacks from Genesis

May 4, 2023

Traditional equity indices are under pressure today following yesterday’s 25bps interest rate hike and additional regional bank weakness. The SPY 0.09%  (-0.72%) and QQQ (-0.31%) are approaching last week’s lows, while the DXY (+0.33%) is rising after Fed Chair Powell reiterated his stance that the inflation fight is far from over. BTC and ETH are in line with equities today, falling 0.66% and 0.87%, respectively. Meme coin PEPE has skeptics shaking their heads as it has risen 74% over the last 24 hours. Pepe’s market cap is just below $700 million, making it the 71st largest coin by market cap. Many are beginning to speculate if it can continue its meteoric rise to compete with the likes of older meme coins like DOGE and SHIB.

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