The Federal Reserve stood pat on Wednesday, keeping its benchmark interest rate steady while policymakers monitor economic data and inflation progress that’s grown complicated by geopolitical tensions in the Middle East. The U.S. central bank maintained a target range for the federal funds rate of 3.5% to 3.75%, the fourth time this year in which
Bitcoin endured a heavy liquidity outflow between October 2025 and February 2026, before staging a rebound across March and April that largely restored the positive sentiment surrounding the asset. That relief rally proved short-lived, however, as Bitcoin [$BTC] slipped back onto a downward path through May and has held to that same structure since June
Billionaire Ricardo Salinas Pliego, one of the richest people in Mexico, announced that he has allocated approximately 70 percent of his investment portfolio to Bitcoin ($BTC). Salinas, ranked as the seventh richest person in Mexico, argued that fiat currencies are destined to lose purchasing power over time, while stating that Bitcoin is one of the
Bitcoin’s price is losing ground once again, as the asset was rejected at over $66,000 earlier today and dumped to $64,000 minutes ago, shortly after the conclusion of the latest FOMC meeting and the subsequent press conference by the new Fed Chair, Kevin Warsh. Unlike what many expected when he replaced Jerome Powell, Warsh maintained
Fidelity Investments is the latest Wall Street firm seeking a role in one of the fastest-growing corners of digital assets: managing the reserves that back stablecoins. The asset manager is launching the Fidelity Reserves Digital Fund, a money market fund designed for stablecoin issuers and institutional investors under the reserve requirements established by the recently
As the 2026 FIFA World Cup unfolds across North America, one of blockchain’s biggest real-world tests is happening largely behind the scenes. FIFA Collect, the federation’s digital collectibles and fan platform, is using the Avalanche network and Modex for its operations to power a new ticketing model designed to address some of the biggest frustrations
Federal Reserve Chairman Kevin Warsh is holding a press conference following the decision to keep interest rates unchanged. Here are the most important parts of Warsh’s statements: This meeting reflects the best traditions of the Federal Reserve. The goal is to implement monetary policy correctly. My colleagues and I are here to fulfill our legal
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, a move markets had expected nearly unanimously. This was the first U.S. central bank policy meeting led by Kevin Warsh, who took over as chair from Jerome Powell after being confirmed by the Senate last month. The focus now shifts
As expected, the Fed decided to keep interest rates unchanged. The first press conference of the new Chairman, Kevin Warsh, is scheduled to begin at 21:30 Turkish time. The Fed lowered its median growth forecast for 2026 from 2.4 percent to 2.2 percent. Additionally, the phrase “additional interest rate adjustments” was removed from the decision
Welcome to our institutional newsletter, Crypto Long & Short. This week: Trusted indexes turn fragmented digital assets into a mature market that big institutions can confidently invest in, writes Kirsten Wegner, CEO of Index Industry Association. The division between traditional finance (TradFi) and crypto is disappearing, says Dave LaValle, President of CoinDesk Data & Indices.