Rollups Integrate AvailDA, Renzo Modifies Airdrop After Backlash
U.S. equity indices are under pressure today following disappointing economic growth in conjunction with hotter-than-expected prices paid, sparking stagflation fears and reducing the chances of rate cuts. The SPY -0.13% has declined 0.91% to test $501 and the QQQ -0.17% has dropped 1.12% to $421, being weighed down by a 12% drop in META following its Q1 earnings release. Crypto markets are faring better, with BTC -0.92% (-0.28%) trading at $64k and ETH -1.18% (+0.32%) showing strength, rising to $3,150. A report was released this morning that the SEC plans to reject the Ether spot ETFs in May. Although the reason for the rejection remains to be seen, the news is likely fully priced in and may provide support to the ETHBTC ratio, which has gained 0.60% and is approaching the 0.05 mark.