Optimism Completes Bedrock Upgrade, CBOE Receives Margined Futures Approval
Jun 7, 2023
Market Update 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 (-0.31%) 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