The Fed has resumed interest rate cuts after a nine-month hiatus, lowering the federal funds rate by 25 basis points to a range of 4% to 4.25%. According to the “dot plot” projection reflected in the decision text, two additional interest rate cuts are envisaged in 2025. While 9 out of 19 officials expected two
The strong demand for crypto-based ETFs brought new products, including a recently filed basis trade ETF for BTC and ETH. Defiance, one of the current ETF issuers, has filed with the US SEC for two additional ETFs tapping the basis trade. The ETF market will offer more complex products, as the carry trade strategy is
The U.S. central bank, as widely expected, cut the federal funds rate by 0.25% Wednesday, amid recent signs that the economy was faltering and needed a boost—and under relentless pressure from President Donald Trump. Bitcoin and other major digital assets traded largely flat in the immediate aftermath. The largest cryptocurrency by market capitalization was recently
P2P.org has become a validator on the Canton Network, a blockchain platform for institutional finance that handles more than $4 trillion in tokenized assets. As a validator, P2P.org will operate nodes that verify and record transactions on the network. Launched in May 2023, Canton is a blockchain platform developed to support regulated institutions, with emphasis
The FED has finally announced its long-awaited interest rate decision. In line with expectations, the FED lowered interest rates by 25 basis points. Bitcoin’s first reaction after the decision is as follows: Meanwhile, US President Donald Trump is increasing pressure on the Fed. Having held interest rates steady since December, the Fed is choosing to
Key Takeaways Kalshi has launched the KalshiEco Hub in partnership with Solana and Base. The initiative aims to innovate and advance prediction markets using blockchain technology. Kalshi launched KalshiEco hub today in partnership with Solana and Base to advance prediction market innovation. The prediction market platform announced the new initiative through its social media channels.
Bitcoin opened the Sept. 17 session at $116,276 with a total market capitalization of $2.31 trillion and a 24-hour trading volume of $43.10 billion. During the session, the price moved within an intraday range of $114,866 to $117,292, reflecting both bullish resilience and selling pressure at higher levels. Bitcoin On the daily chart, bitcoin continues
On Wednesday, the stablecoin market cracked into uncharted territory, vaulting past the $290 billion mark for the first time ever after padding its coffers with more than $4 billion in fresh capital over the past week. From USDT to RLUSD, Every Fiat-Pegged Token Joins the $290B Stablecoin Party Stablecoins are stealing the spotlight, complete with
Jack Mallers, co-founder and chief executive of Twenty One Capital, has made one of his boldest predictions yet for Bitcoin. Speaking during a live interview on NYSE TV with host Kristen Scholer, Mallers was asked where he sees the world’s largest cryptocurrency heading. His reply was quick and confident: “Higher, higher.” When pressed to explain