Optimism Completes Bedrock Upgrade, CBOE Receives Margined Futures Approval
Traditional markets are stumbling today as the National Bank of Canada unexpectedly raised interest rates by 25 bps, sparking fears that the U.S. will potentially follow suit. The ^SPX -0.03% (-0.31%) failed to break through $4,300, while the NDQ (-1.36%) has taken a pause on its recent outperformance. Crypto markets are still digesting the repercussions of the SEC lawsuits against Binance and Coinbase, with BTC (-3.15%) trading around $26.3k and ETH (-2.26%) hovering near $1,850. Binance Coin (BNB) has fallen over 8% today amid rumors that the U.S. Department of Justice will bring further legal action against the exchange. In contrast, Stacks (STX -0.28% ) is one of the top performers today, rising 4.55% as investors acknowledge the companyâs prior efforts to launch its token with regulatory approval from the SEC.