Strategy Inc. (formerly known as MicroStrategy) shares MSTR fell 5% on Tuesday as Bitcoin declined after the US Senate failed to advance the Digital Asset Market Clarity Act. The vote dealt a major setback to comprehensive cryptocurrency legislation that had been championed by Republicans and supported by major players in the digital asset industry. The
Most of Wall Street’s leading banks and research firms expect the Fed to raise interest rates in September. Estimates compiled by The Wall Street Journal as of today show that market expectations are shifting not only towards a possible rate hike this week, but also towards a second hike before the end of the year.
The crypto market has lost more than 2% of its value, pushing Bitcoin below $76,000 as traders prepare for a likely Federal Reserve rate hike and a key Senate vote on the CLARITY Act. Crypto market loses $76,000 Bitcoin support Data from the crypto market showed widespread losses on Sept. 15, with the total value
Coinbase stock jumped by nearly 10% on Monday after President Donald Trump made a major concession on the CLARITY Act and as Bitcoin and other tokens held steady. COIN jumped to $191.50, up by over 37% from its lowest level this year. Coinbase stock jumps after CLARITY Act concession COIN stock jumped by nearly 10%
Carolyn Wilkins, a member of the Bank of England’s Financial Policy Committee, says the rise of stablecoins could reinforce the US dollar’s global dominance and increase demand for US Treasurys, underscoring how the growing market for digital dollars could have consequences well beyond crypto. In a Tuesday speech at Queen’s University Belfast, Wilkins said dollar-denominated
Nate Geraci recently engaged in a notable discussion with Eric Balchunas and Scarlet Fu on various ETF trends. They explored investor behavior, particularly the increased interest in long-duration assets such as the iShares 20+ Year Treasury Bond ETF (TLT). The conversation also touched upon the lack of interest in the year’s top-performing ETF, the Breakwave
The Bank for International Settlements (BIS) has shed light on the nuances of blockchain transactions and their transparency. In a recent tweet, the BIS stressed that while public blockchains allow for transparent transactions, accurately measuring economic activity remains complex. This insight is crucial as it underscores the challenges in interpreting crypto and DeFi activity metrics.
The European Central Bank (ECB) on Tuesday called on e-commerce and mobile commerce merchants in the euro zone to join a digital euro pilot as it prepares a retail central bank digital currency (CBDC) for possible issuance in 2029. The pilot will test the technology, operational processes and user experience of a beta version of