Story Highlights FED holds rates, but rising jobless data pushes 80% chance of a September cut. Crypto crashes as FED delay sparks $490M in liquidations. CPI data may seal the deal for a FED cut and crypto rebound. Despite former President Donald Trump’s repeated calls for lower interest rates, the U.S. Federal Reserve held rates
Story Highlights Stablecoin activity is still limited to crypto trading or being used as a store of value while Visa and Mastercard offer wide acceptance. Stablecoin lack fraud protection but the cards offer high protection measures. Stablecoins are gaining traction, but are they ready to challenge payment giants like Visa and Mastercard? Visa and Mastercard
The Senator was speaking during the discussion of a recently introduced bill that would allow the President to appoint the Federal Reserve Inspector General. Cynthia Lummis Rips Federal Reserve Over Lack of Transparency Wyoming Senator Cynthia Lummis, also known as the “Crypto Queen,” delivered a blistering rebuke of the U.S. Federal Reserve on Friday, calling
ARK Invest has seized the recent stock market dip to boost its stakes in major US crypto exchange Coinbase and Bitcoin miner BitMine Immersion Technologies. The Cathie Wood-led firm added a total of 94,678 shares of Coinbase (COIN) across three of its funds, including the ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW)
Crypto market analysts believe it is only a matter of time before the United States joins other top economies like Europe and China in cutting interest rates. They see this move as the key catalyst for the next major crypto bull run, a view that has gained traction after the U.S. Federal Reserve held its
StrategyB plans to raise $4.2B through STRC stock to fund further Bitcoin purchases. The firm increased its BTC holdings to 628,800, totaling 3% of Bitcoin’s circulating supply. STRC shares are Nasdaq-listed with $100 liquidation preference and $94.50 market price. StrategyB, the successor to MicroStrategy, has filed a proposal supplement for a $4.2 billion preferred stock
Crypto companies are beginning to return to the United States as top officials signal a shift toward friendlier regulation and domestic growth. In a Thursday speech at the America First Policy Institute, SEC Chair Paul Atkins called on the country to “reshore the crypto businesses that fled,” reinforcing a broader effort by the administration of
Key Takeaways American Bitcoin Corporation, backed by the Trump family, is set for a Nasdaq listing through a merger with Gryphon Digital Mining. Shareholder vote on the merger is scheduled for August 27, following SEC regulatory clearance. American Bitcoin Corporation (ABC), a Bitcoin mining firm backed by the Trump family and Hut 8, is one
U.S. stock indices fell as weak jobs data spooked investors, despite earnings beats from Apple and Amazon. Summary Dow Jones fell more than 600 points on weak jobs data. Apple stock fell despite strong earnings. Fed may have to lower interest rates to boost hiring. Weak jobs data hit stocks hard, despite improving odds of