Earlier this Tuesday, the prices of Bitcoin (BTC), XRP, and other major tokens surged higher amid rumors of Federal Reserve Chair Jerome Powell’s resignation started spreading like wildfire on the X social media network. Several right-wing influencers and some cryptocurrency accounts started sharing a resignation letter that was allegedly written by Powell. However, there is
Nasdaq-listed carbon management firm DevvStream unveiled Tuesday the initial composition of its digital asset treasury, naming Bitcoin, Solana and its own DevvE token as core holdings. The company also appointed BitGo as its qualified custodian and brought in FRNT Financial as a digital asset advisor, signaling a deliberate move to pair ESG mandates with programmable
Wall Street is increasingly betting on US interest rate cuts before the end of 2025. At the same time, political pressure from Donald Trump has intensified, as he becomes more vocally aggressive toward Powell for rate cuts. With inflation cooling and markets adjusting expectations, crypto could stand to gain the most from a looser monetary
Stocks are little changed in early trading on Tuesday as investors pay attention to corporate earnings and the latest tariffs news. Dow Jones Industrial Average hovered 25 points up while S&P 500 and Nasdaq Composite hugged the flatline at 0.03% and -0.13% respectively. Tech stocks had previously bolstered the latter’s push to a sixth straight
American financial services company Compass Point, which is primarily known for specializing in equity research, has downgraded USDC issuer Circle to a Sell rating. This comes after the GENIUS Act, the groundbreaking stablecoin legislation that provides much-needed clarity for the sector, was recently signed into law in the US. Compass Point expects the Circle (CLRC)
Fed Chair Jerome Powell sidestepped questions on monetary policy at a conference focused on banking regulation, offering no hints on the central bank’s next moves. Speaking at the Fed’s banking regulation conference today, Powell welcomed feedback on improving capital rules but remained tight-lipped on the central bank’s future policy direction.
Global crypto tax reporting still has major cracks — and tokenized stocks may be the catalyst that forces the system to catch up. In recent weeks, platforms like Robinhood and Gemini have started offering tokenized stocks to users in the European Union. These blockchain-based derivatives mimic the price of real equities like Apple and Tesla
US President Donald Trump harshly criticized the high interest rates and said that Fed Chairman Jerome Powell will soon leave his post. The White House reportedly plans to visit the Fed headquarters on Thursday local time. Trump stated that current interest rates are putting homebuyers in a difficult situation, saying, “Powell is keeping interest rates