Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s delicate balancing act, stressing that policymakers are trying to navigate between their price stability and employment mandates following last week’s interest rate cut. “Recent data show that the pace of economic growth has moderated,” Powell said in prepared remarks at the Greater Providence Chamber
Bitcoin sits near $113,000 as of September 23, 2025, recovering from a sharp mid-month correction. The broader narrative around US policy has shifted dramatically this year, following President Trump’s executive order creating a Strategic Bitcoin Reserve in March. While the reserve already holds about 198,000 BTC in forfeited assets, the decisive moment will come if
Tether Holdings, issuer of the world’s largest stablecoin, is seeking to raise as much as $20 billion in a private funding round that would value the company at roughly $500 billion, according to a report. The El Salvador-based firm is negotiating with investors to sell a 3% equity stake, a move that would place Tether
Earlier this year, some reports suggested that China might be changing its tune on crypto due to some cryptocurrency in Hong Kong. However, according to a Tuesday report by Caixin Global, Beijing regulators have ordered local tech and financial firms to scale back their crypto activities. Crypto mirage Earlier this year, Hong Kong, one of
Cryptocurrency analyst Joao Wedson stated that the weakness in the Bitcoin (BTC) to gold (XAU) pair could be a positive signal for the markets in the long term. In his report, Wedson argued that especially large institutions and banks have recently turned from Bitcoin to gold. In his analysis last December, Wedson stated that this
Silo Pharma has secured a key pillar of its digital asset strategy by partnering with institutional custodian Fireblocks, triggering a 22% stock surge as investors appear to endorse the move to secure its Bitcoin and Ethereum treasuries. Summary Silo Pharma stock jumped 22% after naming Fireblocks as custodian for its crypto treasury. The company launched
Yesterday, at the Concordia Summit, an annual event held during the UN General Assembly week, Paystand CEO and co-founder Jeremy Almond made the case for why Bitcoin is important for those living outside the borders of highly developed countries as well as how it helps people meet the UN’s sustainable development goals (SDGs). At the
Key Takeaways Fed’s Bostic says employment risks are now as significant as inflation risks. Labor market stability is becoming a concern as the Fed weighs its dual mandate of maximum employment and price stability. Federal Reserve Bank of Atlanta President Raphael Bostic today signaled that employment risks now pose threats equivalent to inflation pressures. The
Bitcoin-focused Latin American company OranjeBTC is set to go public on Brazil’s B3 exchange in early October with more than $400 million in BTC reserves, making it Brazil’s largest publicly-traded bitcoin treasury firm. The move, confirmed by local news outlet Brazil Journal and at Mercado Bitcoin’s DAC 2025 conference, will see it go public via