CFTC Wins Lawsuit Against Ooki DAO, Solana Foundation and Polygon Labs Argues Against Securities Classification
Equity markets edged higher ahead of a key week where investors await key inflation data and the Federal Reserve’s interest rate decision. May’s CPI data comes out tomorrow, while the next FOMC meeting is on Wednesday. ^SPX -0.12% and QQQ -0.06% are trading 0.2% and 0.5% higher than Friday’s close, while NDAQ 0.27% is down ~11% after announcing a $10.5b acquisition of Adenza, a software provider for banks and brokerages in a cash-and-stock deal. Digital asset markets have been mostly ranging since Saturday’s early dump, with BTC and ETH trading 0.5% and 0.9% lower in the past day. Coins listed in the SEC’s suit have been performing the worst in the past week, with SAND 3.28% , MANA, AXS 0.47% , CHZ among the lot with weekly losses larger than 30%.
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