Coinbase Files Motion to Dismiss SEC Lawsuit, FTX Begins Reboot Discussions
Traditional indices are mixed today following stronger than expected economic data. The SPY 0.49% and QQQ 0.80% 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 -1.14% ) is one of the top performers today, rising 10% after being heavily shorted over the last week amid rumors that Robinhood and Celsius would be selling large amounts of tokens by the end of the month.