Key Takeaways Eric Trump plans to attend Metaplanet’s key shareholder vote in Tokyo focused on Bitcoin capital strategy. Metaplanet has accumulated over $2 billion in Bitcoin, with its shares surging 140% this year. Eric Trump, a member of Metaplanet’s Strategic Board of Advisors, plans to visit Tokyo next month to attend the company’s key shareholder
Top Win International changed its corporate name to AsiaStrategy on Aug. 22 in Hong Kong, kept its Nasdaq ticker SORA, and began accepting Bitcoin for watch sales, the company said. The move follows a months-long restructuring that brought Sora Ventures into Top Win’s public company structure in May, a path that avoided a separate listing
China appears to be weighing the launch of a yuan-backed stablecoin, with an initial rollout in Hong Kong and Shanghai, a surprising shift after years of cracking down on crypto while promoting its central bank digital currency, the digital yuan. In the latest episode of Byte-Sized Insight, Cointelegraph spoke with two leaders analyzing China’s potential
Mike McGlone, the senior commodity strategist at Bitcoin Intelligence, has returned to the X platform after a break, posting a tweet about Bitcoin, the Federal Reserve, and inflation. He believes that a further Bitcoin price increase would indicate one thing, which the Fed will definitely not like. Meanwhile, BTC continues to drop and has shed
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors mostly red heading into Jackson Hole; BTC -1% at $112,300 MetaMask introduces new stablecoin mUSD, to launch on
Fed Chairman Jerome Powell began his highly anticipated speech in Jackson Hole, Wyoming. Powell offered a lukewarm signal about interest rate cuts, while highlighting the high level of uncertainty that makes the job of monetary policymakers difficult. Highlights of Powell’s speech at the Jackson Hole symposium are as follows: “When I took this podium a
Bitcoin has recently set new all-time highs, yet many of the leading Bitcoin treasury companies have been underperforming significantly. Despite Bitcoin itself recently pushing well above $120,000, the share prices of firms such as (Micro)Strategy remain far from their peaks. Are these companies likely to see a sustained recovery, or has their period of outperformance
Perhaps surprising markets which had expected a hawkish tone, Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday. Speaking at the Kansas City Fed’s Economic Symposium in Jackson Hole, Powell said the shifting balance of risks may warrant adjusting policy. “Downside risks to employment are rising,” said Powell.
U.S. stocks opened higher as a cautious market awaited Federal Reserve chair Jerome Powell’s speech at Jackson Hole. Summary Dow Jones Industrial Average rose slightly ahead of Federal Reserve chair Jerome Powell’s speech. Powell will speak at the Jackson Hole symposium at 10:00 am on Friday. UBS has lifted its forecast for the S&P 500,
Story Highlights Powell’s Jackson Hole speech could decide whether Bitcoin rallies or dips further this week. Rising unemployment and weak job data fuel hopes for September interest rate cut speculation. Even hawkish remarks may already be priced, potentially limiting Bitcoin’s downside risk today. All eyes in the crypto market are locked on the Jackson Hole