Bitcoin’s grip on the crypto market is tightening again, and the numbers behind that shift help explain why a broad basket of altcoins is unlikely to beat the top crypto. Data from CoinMarketCap indicate that Bitcoin’s dominance is edging upwards towards 60% of the total crypto market capitalization. In comparison, altcoins’ dominance has been trending
US-listed spot Bitcoin exchange-traded funds (ETFs) continued to bleed on Wednesday as market sentiment remained negative and $BTC briefly dipped below $66,000. Spot Bitcoin ETFs recorded $133.3 million in net outflows on Wednesday, bringing weekly losses to $238 million, according to SoSoValue data. BlackRock’s iShares Bitcoin Trust (IBIT) led outflows, with over $84 million exiting
United States Federal Reserve policymakers discussed the possibility of interest rate increases last month, according to newly released comments from a January meeting. The minutes of the Federal Open Market Committee meeting from late January were released on Wednesday, revealing that some policymakers were mulling a rate hike due to stubbornly high inflation. Several participants
Three researchers at the US Federal Reserve argue that prediction market Kalshi can better measure macroeconomic expectations in real time than existing solutions and thus should be incorporated into the Fed’s decision-making process. The “Kalshi and the Rise of Macro Markets” paper was released on Feb. 12 by Federal Reserve Board principal economist Anthony Diercks,
Neo SPCC has published NeoGo v0.117.0, a maintenance release that focuses on improving the developer experience with compiler enhancements, performance optimizations, and expanded notary service capabilities. The update is fully compatible with C# node version 3.9.2 and addresses a number of important bugs that improve the stability and correctness of node operations. No resync or
ChainAware.ai has declared a strategic collaboration with AGNT Hub to provide advanced on-chain intelligence and blockchain security software to users directly on X. The partnership unveils AGNT Connect, a browser extension that is meant to redesign X into a single Web3 experience, allowing one to access decentralized tools and analytics in the social feed effortlessly.
Federal researchers are embracing prediction markets as policy-relevant tools just as state regulators move to curtail them. In a working paper, Federal Reserve researchers say macro-focused prediction markets can provide policymakers with a real-time, market-based gauge of inflation and interest-rate expectations. The authors found that the models closely match, and even exceed, forecasts from traditional
UQUID, a Web3 shopping infrastructure powered by e-commerce, is excited to make shopping easy and simplify it with crypto. For this, UQUID is now facilitating users with $USAT by tether. The primary purpose of this crypto integration is to enable fast, simple, and real-world online shopping. 🚀 HOW TO SHOP ON UQUID WITH #USAT by
A major US bank has agreed to pay hundreds of millions of dollars to settle allegations that customers were charged illegal overdraft fees for years. Georgia-based customers of SunTrust Bank, which is now operating as Truist Bank, will share in the long-awaited settlement fund. The deal resolves a 2010 class-action lawsuit claiming the bank charged
Wallet infrastructure firm Kresus Labs has raised approximately 18 billion won ($13 million) in investment from Hanwha Investment & Securities, one of South Korea’s largest financial institutions. The investment follows a memorandum of understanding signed in December at Abu Dhabi Finance Week and is aimed at expanding Kresus’ enterprise digital wallet infrastructure, real-world asset (RWA)