Fri, July 7, 2023 | 1:25PM ET

Binance Executives Depart, Jesse Powell's Home Raided by FBI

After a sharp downward move in equity indices following a blowout ADP report, the SPY (+0.64%) and QQQ (+0.74%) have stabilized in Fridayâs trading, as the US nonfarm payrolls report showed 209k jobs added in June versus 230k expected. Crypto markets have shaken off negative headlines regarding key Binance executives exiting the firm amid claims they did not support Changpeng Zhaoâs (CZ) response to an ongoing DOJ investigation. CZ addressed the claims on Twitter, once again downplaying the hostile press and helping restore investor confidence. His efforts seem to have worked as BNB is up 1.54% today. BTC and ETH are displaying similar gains, rising 1.30% and 1.18%, respectively. Solana (SOL) continues to outperform, rising 7.82% today and gaining over 46% since June 15th.

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