Fed Governor Chris Waller has again expressed support for additional Fed rate cuts. However, he called for caution on the magnitude of the cuts due to mixed economic signals regarding inflation and the labor market. Meanwhile, the crypto market is currently pricing in an additional 25 basis points (bps) rate cuts at both the October
The organizers of the Nobel Peace Prize are investigating whether insiders used privileged information about this year’s winner to profit on crypto prediction market Polymarket, according to local reports. Roughly 11 hours before the closely watched award was given to Venezuelan resistance leader Maria Corina Machado this morning, the odds of her victory surged from
Global markets have experienced sharp fluctuations after US President Donald Trump threatened a “massive tariff increase” on products imported from China. Trump, in a post on Truth Social, stated that China was planning to impose export restrictions on rare earth elements and other critical manufacturing components, and that they could impose an “unprecedented tax increase”
Global banking giants are exploring joint stablecoin issuance, signaling a deeper integration between traditional finance and cryptocurrencies, Reuters reports. Accordingly, major global banks such as Santander, Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs and UBS are forming a consortium to issue a common stablecoin. “The banks said in a press release that they
Crypto prices plunged alongside stock market indices early Friday after President Donald Trump threatened to ratchet up tariffs on China. Bitcoin dove below $119,000 for the first time since October 2, and was recent trading for $119,028—down 1.7% on the day. But other leading cryptocurrencies saw sharper dips, with Ethereum and Solana both down almost
A new move has come from Russia, which continues to take important steps regarding the use of Bitcoin (BTC) and cryptocurrencies. Russia plans to conditionally allow banks to offer cryptocurrency services, according to local news agency Interfax. Speaking at the Finopolis 2025 forum, First Deputy Governor of the Central Bank of Russia Vladimir Chistyukhin said
A subsidiary of Dominari Holdings (DOMH), the investment firm with ties to President Donald Trump’s sons, Eric and Donald Jr., is teaming up with Bitcoin programmability project Hemi to progress its digital asset treasury and exchange-traded fund (ETF) plans. Broker-dealer Dominari Securities and Hemi, which is backed by veteran Bitcoin developer Jeff Garzik, teamed up
US President Donald Trump claimed that China was planning export controls on rare earth elements and other production inputs and announced that they were considering increasing customs duties on Chinese products in response to this development. Trump, in a post on Truth Social, said, “Something very strange is happening in China! They are taking an
Popular prediction market platform Kalshi has announced a $300 million funding round with participation from Sequoia, Andreessen Horowitz, Paradigm, and more. It values the company at $5 billion, according to Kalshi CEO Tarek Mansour. In doing this, Kalshi plans to expand its business into an additional 140 countries, as it currently only operates in the
Russia is moving closer to formally integrating crypto into its financial system, as officials acknowledge widespread adoption and the central bank prepares to let banks handle digital assets under tight controls. According to a report by TASS, Deputy Finance Minister Ivan Chebeskov said around 20 million Russians now use cryptocurrencies “for various purposes,” describing them