Fed Chair Jerome Powell’s speech was the most-awaited event on Tuesday, October 14. The highlight of the Powell speech was that the Fed chair is leaning toward a more dovish stance, indicating higher chances of more rate cuts ahead amid the weak job market. Crypto market remains upbeat on the development, with Bitcoin price bouncing
Artificial intelligence and high performance computing (AI/HPC) miners continue to surge pre-market. IREN (IREN) is up 6% pre-market above $73 per share, after closing a $1 billion private offering of 0.00% convertible senior notes due 2031. The deal was oversubscribed and included a fully exercised $125 million greenshoe. The notes carry a 42.5% conversion premium,
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw inflows on Tuesday as Federal Reserve Chair Jerome Powell hinted further rate cuts may come before year-end. Spot Bitcoin (BTC) ETFs saw $102.58 million in net inflows, rebounding from a $326 million outflow a day earlier, according to data from SoSoValue. Fidelity’s Wise Origin Bitcoin Fund
Gold hit a new record high Tuesday, while billions exited major crypto exchanges. Futures briefly crossed $4,200 per ounce before closing at $4,197.6 in New York trading Tuesday, according to data from CME Group. Trade publication The Kobeissi Letter characterized the turn as “the first time in history” that gold has crossed the mark, noting
175-year-old French banking giant ODDO BHF, which manages over €150 billion ($173 billion) in assets, is entering the crypto space with the launch of a euro-backed stablecoin dubbed EUROD. The token is set to be listed on Madrid-based crypto platform Bit2Me, one of the largest exchanges in the Spanish-speaking world that’s backed by telecom giant
Taiwanese stablecoin infrastructure company OwlTing will commence trading on the Nasdaq Global Market on Thursday, marking its debut as one of the first Asian blockchain firms to list directly on a major U.S. exchange. The company’s Class A common shares are expected to begin trading on October 16, under the ticker symbol OWLS. “The Nasdaq
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that countries should “accept the reality” of rapid developments in cryptocurrencies. Georgieva argued that financial systems should adapt to this transformation rather than resist it and manage risks. The IMF issued significant warnings to central banks in its latest assessment. The institution emphasized the need to
Volatility Shares has made a new regulatory filing that could reshape how traders gain exposure to major cryptocurrencies like Bitcoin, Ethereum, and Solana. Summary Volatility Shares filed for 5x leveraged ETFs on BTC, ETH, and SOL. The SEC has yet to clear 3x products, making approval uncertain. Funds could debut in early 2026 if filings
The crypto market turned red after a new tariff threat from President Trump. Trump threatened to halt cooking oil imports from China over soybean purchases. Bitcoin fell 2.4 percent and Ether dropped 3.3 percent within an hour of the post. A single social media post has once again sent a jolt of fear through the