This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. No one is really arguing whether the Federal Reserve will cut rates next week. The conversation has become: by how much? And how will that impact crypto markets? It’s perfect timing for such a question, as more data dropped today. The
Prominent Canadian investor Kevin O’Leary claims that he has overhauled his cryptocurrency investment strategy. The longtime “Shark Tank” host now claims that he is exclusively sticking with Bitcoin (BTC) and Ethereum (ETH). He is convinced that there is no need to own any other tokens, including meme cryptocurrency. “You don’t need to own any of
Banks should learn to manage the risks and thus make crypto services more accessible, the head of Armenia’s monetary authority has suggested. Speaking in the country’s parliament, the executive urged the adoption of a pragmatic approach to regulation in order to ensure innovation goes hand-in-hand with financial security. Governor calls for pragmatism regarding cryptocurrency Crypto
USDC circulation hits $72B, doubling from last year, boosting trust in stablecoins. Reserve income rises with increased blockchain activity, fueling revenue growth. Circle seen as building essential infrastructure beyond crypto speculation. Circle stock (CRCL:NYSE) soared 14% on Thursday, sending a clear signal that investors are warming up to the company’s evolving role in the financial
Michael Saylor’s flagship preferred share, Strike (STRK), was conspicuously absent from his company’s listing announcement this morning. The company instead announced that investors may now purchase calls and puts on Strife (STRF), Stretch (STRC), and Stride (STRD), as well as the earlier options chain for Strategy common stock (MSTR). No options chain exists for STRK
August CPI did little to get crypto moving, leaving big players like Bitcoin stuck in neutral. With the Fed’s next call on rates just around the corner, the market’s collective shrug feels less like uncertainty and more like a deliberate holding pattern. Summary Crypto markets showed little reaction after August CPI rose 2.9%, leaving Bitcoin
U.S. stocks climbed on Thursday, with the Dow Jones Industrial Average up more than 170 points, while Treasury yields declined after the latest consumer inflation data. Summary Dow Jones Industrial Average gained 170 points and S&P 500 added 0.3%. Wall Street remained bullish despite consumer price index data coming in hotter-than-expected on Thursday. Overall expectation
Donald Trump, who’s repeatedly criticized Hunter Biden for perceived conflicts of interest, has unleashed his three sons on the cryptocurrency industry to participate with unprecedented breadth and financial entanglement. All three of Trump’s sons are tied to and profiting from the industry as a whole, with Donald Jr. and Eric taking the lion’s share of
Shares of Nasdaq-listed fashion company Mogu soared on Thursday after the company announced it was buying digital coins Bitcoin, Ethereum, and Solana with its spare cash. China-based MOGU was recently trading about 76% higher at $4.40 after soaring at one point to over $7 per share. The share price has been largely stuck below $5 since
Arthur Hayes, co-founder of BitMEX and one of the most recognizable names in the cryptocurrency world, has a net worth estimated between $200 and $400 million. Arthur Hayes, co-founder and former CEO of BitMEX, a pioneer in the cryptocurrency derivatives market, remains a key figure in the industry, both for his perpetual swap product and