Tether Reveals $4.5 Billion Q1 Profit, CZ Sentenced to "4" Months in Prison
May 1, 2024
Market Update Risk markets were selling off before today's FOMC meeting where it was unanimously voted to keep interest rates steady. The Fed announced it would be reducing the speed of its balance sheet taper from $60 billion per month to $25 billion per month, a larger than expected reduction. Following the announcements and Chair Powell’s comments, yields turned sharply lower with the US10Y falling 9 basis points while equity indices rose. The $SPY and $QQQ have gained by 1.17% and 1.24%, respectively. #BTC (-2.70%) has pared losses to $59k after reaching a low of $56.5k early this morni