BNB Chain Launches Rollup-as-a-Service Solution, Robinhood Reports Increased Crypto Trading Activity

A deluge of economic data was released this morning, including higher-than-expected PPI data, sparking a move higher in the DXY (+0.47%) and Treasury Rates. U.S. equities are showing modest declines, with the SPY decreasing 0.15% and the QQQ declining 0.07%. Crypto assets are faring worse, with BTC (-1.60%) falling below $72k and ETH (-2.79%) dropping to $3,900 despite yesterday’s successful Dencun upgrade. Although the majors are showing losses, there are still pockets of outperformance across altcoins, including SOL -9.26%  (+6.57%) and its ecosystem’s corresponding memecoins WIF (+22.1%) and BONK (+5.19%). The WIF community has raised over $690k in less than four days to display the token’s mascot on the Las Vegas Sphere.