SEC Pursuing "Energetic" Campaign to Deem ETH a Security, Blackrock Unveils Tokenized Fund on Ethereum
Mar 21, 2024
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Market Update U.S. equities rose following yesterday’s FOMC meeting, where Chair Powell struck a dovish tone and the committee'sdot-plot showed no meaningful revisions to rate cut expectations this year. The SPY (+0.33%) and QQQ (+0.44%) closed at record highs, surpassing $520.48 and $445.61, respectively. Crypto assets displayed a strong bounce following Powell’s comments yesterday but have since pared some gains. $BTC (-4.08%) is trading at approximately $65.1k and $ETH (-2.27%) is hovering near $3,250. Despite negative headlines surrounding Ethereum (more below), $ETHBTC has gained 3.4