Fed Board Member Michael Barr has taken a cautious stance regarding inflation and the monetary policy outlook in his recent statements. Barr noted that consumer spending has remained strong since the September meeting, while core personal consumption expenditures (PCE) inflation continues to rise. “The September rate cut was an appropriate decision, but the current policy
In a YouTube video released Wednesday, U.S. Sen. Bernie Sanders (I-VT) warned that artificial intelligence could erase nearly 100 million American jobs within the next decade, calling it an “issue of enormous consequence” that would deepen inequality unless lawmakers acted. His critique was based on a Senate report released on Monday by the Health, Education,
Interest in digital assets among institutional investors is rapidly growing, according to newly released State Street research. The study found that the share of digital assets like Bitcoin in institutional portfolios is expected to rise from an average of 7% to 16% over the next three years. The study noted that tokenization and blockchain technologies
Analysts at JPMorgan say that stablecoins have the potential to generate at least $1.4 trillion in demand for U.S. dollars by 2027, considering most of the market is backed by the currency. Summary JPMorgan has predicted that the U.S dollar will receive a $1.4 trillion boost in demand following the rising wave of stablecoin adoption.
Wall Street giant Citi (C) initiated coverage of crypto exchange OSL (0863) with a buy/high risk rating and a target price of 21.80 Hong Kong Dollars ($2.80), or 22 times projected 2025 price-to-sales. Citi said OSL is well positioned as a regulated digital-asset trading and payments platform, with strong growth prospects tied to institutional crypto
New York Fed President John Williams has shown his support for additional Fed rate cuts this year. The Fed official alluded to the weakening labor market, suggesting it should take priority over upside risks to inflation right now. The crypto market also continues to price in additional rate cuts this year, which has contributed to
Silver prices surged to a record high of $51.08 per troy ounce on Oct. 9, 2025, marking a 4.51% daily increase and surpassing the 1980 peak of $49.45 amid strong industrial and investment demand. Silver Hits Record $51 High Amid Surging Demand The rally capped a robust week for the metal, with prices climbing 6.5%
CipherOwl, a crypto compliance startup founded by former Coinbase and Cruise engineers Leo Liang and Ming Jiang, has raised $15 million in seed funding led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures and Enlight Capital. Originally reported by Fortune, the San Francisco–based firm develops artificial intelligence-driven tools to help financial institutions
Story Highlights Fed minutes reveal 50% policymakers expect two additional interest rate cuts before 2025 ends. Markets already price October and December cuts, but official dovish confirmation fuels investor sentiment. Lower rates weaken dollar, historically boosting Bitcoin and Ethereum as traders seek higher returns. Today’s all eyes are on the Fed Chair Jerome Powell who
The gold market has recently recorded a crucial development when it comes to market capitalization. Thus, within just the past 45 days, the gold market has witnessed a spike of up to $4.77T in its market cap, triggering momentum around the leading cryptocurrency, Bitcoin ($BTC). Gold has gained $4.77 trillion in just 45 days, nearly