Curve Launches Native Stablecoin, FTX Attempts Clawbacks from Genesis
May 4, 2023
Market Update Traditional equity indices are under pressure today following yesterday’s 25bps interest rate hike and additional regional bank weakness. The $SPY (-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 large