Following the Federal Reserve’s announcement of a 25 basis point interest rate cut, in line with expectations, a striking assessment emerged indicating a deepening of disagreements within the institution. Nick Timiraos, known as one of the best readers of the Fed’s internal communications, noted that despite the third consecutive interest rate cut, there was an
The Fed, as expected, cut interest rates by 25 basis points. Now all eyes will be on Federal Reserve Chairman Jerome Powell’s press conference, which begins at 22:30 (UTC+3). Here’s Bitcoin’s initial reaction after the decision: In addition: The Fed will begin purchasing Treasury bonds on December 12th. The Fed stated that it will evaluate
Ahead of the Federal Reserve’s expected 25 basis point interest rate cut, which is anticipated to be announced in minutes, Kevin Hassett, a figure closely watched by the markets and expected to become the new Fed Chairman, made some very significant and noteworthy statements regarding monetary policy. Hassett, the White House Director of the National
Key Takeaways Pudgy Penguins has launched the PENGU token on BNB Chain for trading. PENGU’s BNB Chain launch reflects a strategy to reach broader Web3 users and boost utility. Pudgy Penguins’ native token, PENGU, has expanded to BNB Chain as part of the NFT brand’s growing push into the broader Web3 ecosystem. The token is
Strategy (formerly MicroStrategy) has given a strong response to the critical MSCI advisory process that could determine the fate of companies holding Bitcoin (BTC) as a strategic asset on their balance sheets. The company submitted its formal opinion against MSCI’s proposed plan to remove Digital Asset Treasury Companies (DATs) from its Global Investable Market Indexes,
Welcome to The Protocol, CoinDesk’s weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk. In this issue: Stripe-Backed Blockchain Tempo Starts Testnet; Kalshi, Mastercard, UBS Added as Partners ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On Blockstream Connects Lightning and Liquid for
Financial technology firm Superstate has rolled out a new way for US Securities and Exchange Commission (SEC)-registered public companies to raise capital directly onchain. Through its Direct Issuance Programs (DIPs), any issuer registered with the SEC can now offer new shares on Ethereum and Solana, with investors paying in stablecoins and receiving tokenized shares instantly
Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company said in a press release Wednesday. The San Francisco-based startup said the funds will go toward building Surf 2.0, a
Tether, the company behind the $186 billion USDT stablecoin, is moving further beyond its crypto roots with a privacy-focused health and wellness app. On Wednesday, the firm rolled out QVAC Health, built on its AI development platform and designed to bring control to users tracking their fitness, nutrition and biometric data across devices. The app
GameStop’s (GME) bitcoin stack was worth $519.4 million at the end of the third quarter (Nov. 1), with the company recording a $9.2 million loss digital asset holdings during the period. Bitcoin BTC$92,591.63 fell from roughly $115,000 to about $110,000 during the three months ended Nov. 1. The video game retailer likely continued to hold