Optimism and Sui Upcoming Token Unlocks, LayerZero Halts Emissions on Fantom Pools
After showing gains in after-hours trading, markets retraced on the first trading day after Memorial Day Weekend. President Biden and House Speaker McCarthy struck a tentative deal to raise the U.S. debt ceiling, although markets are ambivalent on whether it can be implemented by the June 5th deadline. ^SPX -0.91% and QQQ -1.36% opened 0.5% and 1.1% higher from last week’s close before retracing to 0.1% and 0.9% higher, respectively. Treasury yields edged down after rising for almost two consecutive weeks, with the US10Y currently trading at 3.7%. BTC and ETH pumped on low liquidity on Sunday when the deal was announced, and are up 0.3% and 0.7% over the past day. OP -2.93% has retraced the most in the top 100, down by 6.5% over the past day and 11.9% in the past week, elaborated further below
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