The crypto market, as well as the broader financial sector, now awaits the upcoming US CPI data for cues on the potential move of the Federal Reserve with its rate hike plan. Morgan Stanley offered temporary relief earlier today, saying that it expects the US central bank to keep the rates unchanged at its September
The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or $GENIUS Act, is the new federal framework for payment stablecoin issuers. Its reserve rules aim to make each token a safer dollar claim, while the public blockchains moving those tokens retain their own fee markets and capacity limits. A Federal Reserve staff paper, first
Genius Group, a Singapore-based education group, has cleared a legal obstacle to raising capital for its planned Bitcoin and artificial intelligence treasury expansion. The US Court of Appeals for the Second Circuit vacated a preliminary injunction that Genius said had restricted its ability to issue shares, raise capital, and purchase Bitcoin. The Aug. 31 order
Crypto-linked stocks jumped sharply as Bitcoin moved back above $81,000 and Ethereum climbed above $2,500. Strategy (MSTR) led the rally, rising 17.56% to close at $144.82, helped by its latest Bitcoin purchase and bullish Wall Street ratings. Meanwhile, Bitmine Immersion Technologies (BMNR), one of the largest corporate holders of Ethereum, also surged more than 15%.
The Mina Mesa upgrade stopped transaction processing for about eight hours on September 3 as the layer-1 blockchain shifted mainnet to its Mesa release. Exchanges suspended $MINA transfers, while deployed zkApps now need new verification keys before they can resume proof-authorized activity. The process split into five hours when blocks continued without transactions and roughly
Pineapple Financial has moved more than $1 billion in residential mortgage records onto Injective, a layer-1 blockchain focused on financial applications, as part of a broader effort to migrate its historical loan portfolio onchain. Pineapple plans to eventually migrate more than 29,000 funded mortgages worth over $10 billion onto the network, Injective said Friday. Each
Bitcoin’s institutional demand has become one of the strongest signals behind September’s crypto market. US spot Bitcoin ETFs recorded roughly $3 billion in net inflows across a nine-day streak before a brief outflow interrupted the run. This matters for crypto presale news because stronger Bitcoin demand can improve market confidence and liquidity. MemeToro enters that
Citigroup has significantly postponed its expectation regarding Federal Reserve interest rate cuts following strong employment data from the US. The bank announced that it expects the Fed to make its next 25 basis point interest rate cut in June 2027. According to Citigroup’s new forecast, the Fed is expected to implement three separate 25 basis