Ethena Labs Announces Airdrop Details, SBF Sentenced to 25 Years in Prison

U.S. equities are flat on the day heading into the holiday weekend. The SPY has risen 0.07%, holding above $523, while the QQQ is down 0.06%, trading at $444. Although the market is closed tomorrow, the February PCE report will be released, and Fed Chair Powell will speak at the Macroeconomics and Monetary Policy in San Francisco. Surprises at either event could have an impact on markets. Crypto assets are rising today, with BTC (+2.25%) rising above $71k and ETH (+2.02%) hovering around $3,575. Memecoins are outperforming today, with DOGE, BONK, and WIF gaining 13.82%, 11.15%, and 9.29%, respectively. Asset manager Hashdex has converted its Bitcoin futures ETF into a spot ETF under the ticker DEFI, representing the 11th spot ETF.