Coinbase Files Motion to Dismiss SEC Lawsuit, FTX Begins Reboot Discussions
Jun 29, 2023
Market Update Traditional indices are mixed today following stronger than expected economic data. The $SPY and $QQQ are trading +0.26% and -0.35%, respectively. The US Dollar and US Treasury yields have rallied today as the strong economic data reinforces the higher-for-longer mantra regarding US interest rates. All eyes will be on the May PCE data release tomorrow, which should give investors a better view into the ongoing inflation fight. After dipping yesterday, crypto markets are rebounding, with both $BTC and $ETH rising approximately 1.40%. Solana ($SOL) is one of the top performers tod