The Fed kept interest rates unchanged, as expected. All eyes are now on Federal Reserve Chairman Kevin Warsh’s press conference, scheduled for 9:00 PM (2:30 PM ET). Here’s Bitcoin’s reaction after the interest rate decision: New Fed chairman Kevin Warsh, like his predecessor Jerome Powell, has repeatedly emphasized the importance of controlling inflation. Some investors
The crypto industry is entering a consolidation phase that goes deeper than anything seen in previous bear markets, according to ARK Invest researcher Lorenzo Valente. The warning isn’t abstract: capital is concentrating fast, weak projects are being flushed out, and the fallout — in the form of bankruptcies, shutdowns, and forced mergers — is only
Bernstein cut its price target on Circle Internet Group ) to $140 from $190 Wednesday but kept its Outperform rating, saying the Open USD consortium threat that hammered the stock will fade. Why Bernstein Cut The Target But Kept The Bull Case? Analyst Gautam Chhugani said in the note cited by The Block that Circle’s
Former senior Fed advisor Jon Faust said he does not expect the Fed to raise interest rates at its Federal Open Market Committee (FOMC) meeting, which concludes today. Faust shared the view that the Fed would not try to gain credibility by deliberately surprising the market. In his assessment today, Faust noted that Fed Chairman
South Korea’s KOSPI index has lost more than the entire market capitalization of $BTC in the past 29 trading days. As of today’s opening, it’s price was ₩6,089, down 35% from an all-time high of ₩9,385 on June 19. This means that constituents of the country’s benchmark index have lost more than the $1.3 trillion
Only 150 unique venture capital firms have participated in crypto funding rounds in July, the lowest monthly count since November 2020, according to CryptoRank data through July 28. The figure captures how far the investor base has compressed since the last bull market: at the May 2022 peak, 1,177 investors wrote checks into crypto rounds
Prediction market traders are betting that Nvidia (NASDAQ: NVDA) will extend its rally over the coming month, pushing the stock toward the $250 mark. In line with this outlook, Polymarket data assigned the AI chipmaker a 50% probability of closing August above $240, implying upside of roughly 22% from its press-time price of $197. However,
Schwab Asset Management put “natural language processing” front and center in the name of its $232 million crypto-equity ETF, four years after the fund began using the technique to pick stocks. STCE is an equity ETF, not a spot crypto fund. It owns shares in companies connected to the crypto ecosystem rather than cryptocurrency or
Strategy Inc. CEO Phong Le has announced a radical simplification of the mNAV formula, which governs the company’s issuance of new shares. The financial reform comes at a critical moment: according to the latest TradingView charts, Strategy’s key instruments and Bitcoin itself have suffered steep declines since the beginning of the year. Why change the
The financial industry is moving toward a world where markets never close, payments settle in real time and investors expect access to their money around the clock, according to Morgan Stanley executives, who say tokenization is accelerating a shift away from traditional banking hours. Speaking during a panel discussion on digital assets, Betsy Graseck, Morgan