September rate-hike odds have fallen to 38% on Polymarket after Federal Reserve Governor Christopher Waller said cooling August inflation could persuade him to support holding rates steady. Waller makes August CPI the Fed rate hike test The Federal Reserve said in Waller’s published remarks on Sept. 3 that his decision at the September Federal Open
Following Federal Reserve Board member Christopher Waller’s statement that he may support keeping interest rates unchanged at the September meeting, market expectations for interest rates continue to shift. In the forecasting market, users are pricing in a 53% probability that the Fed will not change interest rates at its upcoming meeting. According to Kalshi data,
As IREN Ltd. (NASDAQ: IREN) stock surged by more than 14% over the past two days, driven by strong institutional demand for its Artificial Intelligence (AI) cloud infrastructure, Gautam Chhugani, an analyst at Bernstein, expects it to rally towards a new all-time high (ATH) over the next 12 months. Chhugani reaffirmed a ‘Buy’ rating on
Cryptocurrency exchange Bitget is in talks with a number of the world’s largest financial institutions about expanding their digital asset presence in Asia, its CEO told CoinDesk. Gracy Chen highlighted BlackRock, the world’s largest asset manager, as one example of such a firm seeking to expand distribution of their tokenized exchange-traded funds (ETFs) in the
Happy Thursday, advisors! between “realized” figures in quarterly crypto earnings and what’s actually happening on the balance sheet. If you’re using quarterly income statements to gauge treasury behavior, you might be looking at the wrong number. Then, in “Ask an Expert,” Kim Klemballa takes us through Strategy Inc. — the world’s largest corporate holder of
Pons, an app that lets anyone create and trade a token on Robinhood’s new blockchain, generated nearly $6 million in fees over the past 24 hours, vaulting it into the top tier of crypto’s fee-generating protocols as memecoin activity surged across the network. Users paid about $5.95 million in fees through Pons over the past
Small-cap Bitcoin treasury stock B HODL has turned into one of the more surprising winners of this cycle, with its shares climbing 67% over the past month and 29% in just the last week. The catalyst behind the latest leg of that rally is simple: on Thursday, the company bought another Bitcoin, pushing its total
Nvidia has agreed to acquire Hugging Face for $12.93 billion, expanding the chipmaker’s reach into the software that developers use to build and deploy artificial intelligence. Hugging Face operates an open-source AI platform for sharing models, datasets and development tools. More than 18 million developers, researchers and creators use it to share over 3 million
On September 2, U.S. investor demand for cryptocurrency ETFs was clearly divided, with Bitcoin drawing in new investment, while Ethereum, $XRP, and Solana products all saw daily net outflows. Surge of spot ETF inflows The most recent ETF data shows that during the session, Bitcoin spot ETFs saw net inflows of $101.15 million. As a
Circle president Heath Tarbert told Congress on Sept. 2 that placing digital-dollar infrastructure under US rules could reinforce the network effects that support the currency’s global role. The testimony framed stablecoin and digital asset legislation as a tool of dollar statecraft. US rules can strengthen private dollar-token rails, while official reserve share remains a separate