Robinhood Receives Wells Notice, LayerZero Addresses Sybil Activity
May 6, 2024
Market Update U.S. equities are extending Friday’s rally, with the $SPY and $QQQ both gaining about 0.65%. This week’s macroeconomic data includes consumer credit tomorrow, wholesale inventories on Wednesday, and consumer sentiment on Friday. There are Fed speakers set for every day this week and it’ll be interesting to monitor if they take a dovish or hawkish tone after Powell’s dovish speech last week. Crypto markets gained over the weekend, with #BTC (-1.48%) reaching a high of $65.5k early this morning before turning negative to $63.1k. Similarly, #ETH (-2.15%) eclipsed $3,200 thi