$Nu Holdings Ltd.(NU)$ CITI DOWNGRADES NU FROM NEUTRAL TO SELL https://www.streetinsider.com/dr/news.php?id=24051440&gfv=1#:~:text=Citi%20analyst%20Ashwin%20Shirvaikar%20downgraded,to%20SI%20Premium%20to%20view.)
Stocks slide as Fed signals it’s not done hiking rates, Nasdaq falls 1.5% Stocks retreated on Wednesday after the Federal Reserve said it would leave interest rates unchanged but indicated another hike on the horizon. The S&P 500 dropped 0.94% to 4,402.20. The Nasdaq Composite slid 1.53% to 13,469.13, weighed on by a drop of more than 2% in Microsoft and roughly 3% declines in Nvidia and Google-parent Alphabet . The Dow Jones Industrial Average lost 76.85 points, or 0.22%, to 34,440.88. The three major indexes closed at session lows.
SEC Moves First DeFi Unregistered Securities Lawsuit
The United States Securities and Exchange Commission sued the organization responsible for the development of a decentralized finance protocol over activities involved with the project for the first time.What Happened: According to a Friday SEC announcement, the agency has sued Cayman Islands-based Blockchain Credit Partners and two of its top executives over allegedly selling unregistered securities through its DeFi Money Market platform from February 2020 to February 2021. The firm purported