Binance Regulatory Woes Continue, TradFi Announce Foray Into Digital Asset Businesses
Jun 20, 2023
Market Update Equity markets pulled back today amidst doubts about the global economy, stalling the recent rally that has seen equities de-couple from crypto. US Housing in both single and multi-family projects came in far higher than expected, China experienced trimmed loan prime rates for households and businesses (4.3% --> 4.2%) but whether it is sufficient to bolster its economic recovery remains to be seen, while US10Y slipped to 3.756% from 3.768% on Friday. $SPX and $QQQ are down by 0.35% and 0.10%, respectively. Digital asset markets are outperforming traditional markets, with $BTC a