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 and QQQ 0.01%  are trading 0.2% and 0.5% higher than Friday’s close, while NDAQ -1.55%  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, MANA, AXS -0.47% , CHZ among the lot with weekly losses larger than 30%.  

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Events

Trending crypto assets in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In