The day’s main event is Fed Chair Kevin Warsh’s first interest-rate decision. No change in rates is expected, which means markets will be scanning the policy statement, economic projections and the post-meeting press conference for cues. Here is what could elicit a risk-on, positive reaction from bitcoin $BTC$64,620.78 The dot plot: This is a graphical
Tether has reduced its Bitdeer holdings by 627,000 shares after selling stock worth about $12.7 million, while retaining a 19.7% stake in the Bitcoin mining and AI infrastructure company. According to TheEnergyMag, the USDT issuer sold the shares on June 3 and 4 at roughly $20 per share. Following the transaction, Tether still owns 37.7
With 60% of stablecoin payments flowing through a fragmented Asian corridor, new backend middleware lets autonomous software move capital without human steps. This is the aim of Stables, which is introducing a universal AI payment plug into Asia’s multi-trillion dollar trade ecosystem to bypass legacy cross-border fragmented infrastructure. Singapore-based Stables targets a massive region where
South Korea, a nation long revered by the digital asset industry as the “El Dorado of liquidity,” is seeing a change in investment trends. The country’s famously tech-savvy and highly active retail traders are pivoting their capital away from digital assets and pouring it into the domestic stock market. They are being lured by the
The Federal Reserve is expected to keep interest rates unchanged today, but that is not the main thing crypto traders are watching. Instead, all eyes are on new Fed Chair Kevin Warsh as he leads his first FOMC meeting. With Bitcoin recovering above $65,000, traders are waiting to see whether his comments on inflation, liquidity,
Strategy’s perpetual preferred stock STRC fell near record lows on Tuesday as investors seemingly balked at the company’s latest Bitcoin acquisitions. Michael Saylor’s variable-rate perpetual “Stretch” Bitcoin yield product declined by 3.58% to $91.79 on Tuesday, 8.2% below its target value of $100. Markus Thielen, CEO of 10x Research, said the dip is linked to
Elon Musk’s net worth has briefly climbed to nearly $1.4 trillion, surpassing Bitcoin’s market value at the time after SpaceX shares reached an intraday high of about $225.84 on June 16. According to data from Yahoo Finance, SpaceX stock extended its post-IPO rally on Tuesday, pushing the company’s valuation close to $3 trillion at its
India is likely to move toward a more balanced cryptocurrency regulatory framework in the coming years, according to GetBit Founder Abhay Agarwal, who believes the current tax structure was introduced during a period when policymakers were still trying to understand a rapidly evolving industry. Speaking in an interview with Coinpedia, Abhay said the existing 30%
New York Magazine has reported new details about Sam Bankman-Fried’s life in prison, including a remark that he may launch a new cryptocurrency after leaving custody. Bankman-Fried, the founder of FTX, is serving a 25-year sentence after his 2023 fraud and conspiracy conviction. The report says he remains at a federal prison in Lompoc, California,