Bitcoin and crypto market rebound slightly as a US district court has temporarily halted President Donald Trump from firing Federal Reserve Governor Lisa Cook on late Tuesday, continuing the legal battle further. This comes as President Trump seeks to challenge the long-held independence of the Federal Reserve for delaying interest rate cuts.
Crypto exchange Gemini has upped its initial public offering ahead of its debut on Friday and is now aiming for a valuation exceeding $3 billion, showing growing investor interest in crypto-related companies. The updated prospectus, filed with the Securities and Exchange Commission on Tuesday, said that the Cameron and Tyler Winklevoss-founded firm now intends to
US banks should give better rewards to attract and keep customers instead of griping about the threat that stablecoins pose to their profits, says Bitwise’s investment chief Matt Hougan. “If local banks are worried about competition from stablecoins, they should pay more interest on deposits,” Hougan wrote on X on Tuesday. He added that the
A leading trader on decentralized betting platform Polymarket, who goes by the name JustWakingUp, is wagering that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) next week. According to X handle Polymarket Whales, JustWakingUp is the platform’s most prolific trader, boasting nearly $400 million in total trading volume to date
A Fed rate cut in September is increasingly considered a strong possibility. JPMorgan announced that it expects the Fed to cut interest rates by 25 basis points at its September meeting, despite uncertainties surrounding inflation data. The bank forecasts the August Consumer Price Index (CPI) to remain at 2.9% year-over-year, and the core CPI at
Nasdaq’s Sept. 8 filing to launch tokenized stocks is being called a landmark step for Wall Street, but experts warn the exchange could face major hurdles in adapting blockchain trading to existing U.S. settlement and regulatory systems. If approved by the U.S. Securities and Exchange Commission (SEC), this would mark the first time tokenized securities
On Tuesday, CaliberCos Inc., the Arizona-based alternative asset manager, announced that it completed its first purchase of Chainlink (LINK) tokens under a new Digital Asset Treasury Strategy. The move triggered an unprecedented rally, with CWD shares soaring by 2,500% intraday. Despite the bold shift positioning CaliberCos at the intersection of real estate and blockchain infrastructure,
Good Morning, Asia. Here’s what’s making news in the markets: BTC is pinned near $111,000 with volatility compressed to multi-month lows, the kind of calm that tends to precede decisive moves. Traders know what could break the lull: September’s U.S. inflation data and the Fed’s rate decision a week later. Prediction markets are leaning heavily
GameStop’s second-quarter numbers are out, and they barely moved the needle. The company pulled in $972.2 million in net sales for the quarter ending August 2. That’s up from $798.3 million last year in the same quarter. The reason? A small lift in hardware sales, enough to tick the total revenue higher, but nothing major.