Bitcoin ($BTC) heads into September still battling key resistance as markets flip hawkish on Federal Reserve policy. Key points: Markets see a 60% chance of the Fed hiking interest rates in September, with jobs data due this week. Oil has experienced renewed volatility amid fresh US strikes on Iran and an unprecedented US-Venezuela oil-supply deal.
BlackRock’s tokenized U.S. Treasury fund, BUIDL, has regained the top position in the market by assets under management, surpassing Circle’s USYC product, according to data cited by Crypto Briefing. BUIDL’s AUM reached approximately $2.8 billion, widening its lead over competitors in the rapidly expanding tokenized Treasury sector. Market Growth and Competitive Landscape The overall tokenized
Metaplanet, a Japan-based Bitcoin-focused company, has made headlines in the cryptocurrency market with a recent Bitcoin transfer. According to data from the on-chain analytics platform Lookonchain dated August 31st, the company sent a total of 2,400 Bitcoin to Coinbase Prime within the last three hours. The total value of the transferred Bitcoins at the time
U.S. labor data could set the tone for crypto markets as September begins, with Friday’s jobs report being the week’s main event. Nonfarm payrolls fell by 23,000 in July, while May and June were revised down by a combined 103,000, raising the stakes for the August reading. ADP private payrolls and JOLTS job openings will
Fear is in the air this Monday morning, not just over renewed escalation in geopolitical tensions, but over the prospect of an interest rate hike by the Federal Reserve in September, following Fed Chair Kevin Warsh’s hawkish comments at the Jackson Hole Symposium on Friday. But those fears, at least as reflected on social media,
After jumping past $79,000 on Sunday evening, bitcoin entered the new business week on the wrong foot, slipping below $77,000 in an hour or so as geopolitical tensions returned to financial markets. The decline came amid renewed fighting between the United States and Iran, following nearly a month of relative calm as the US reportedly
Geopolitical stress is back in the market, lifting oil higher. Still, bitcoin $BTC$77,528.67 is trading steadily during Asian hours, showing resilience and outperforming gold and stocks, a recurring theme through August. Oil prices rose on both sides of the Atlantic after the U.S. attacked an Iranian island in the Strait of Hormuz, a major oil
Interactive Map Tracks Crypto Holders Across the US An interactive map estimates where 67 million American crypto holders live, providing figures for all 50 states, Washington, D.C., and the 435 U.S. House districts in the 119th Congress. The National Cryptocurrency Association (NCA), a nonprofit crypto education organization, displays the data through a map hub with
AI agents are starting to hold wallets and pay for things, and finance has no standard way to tell one agent from another. Solowin Holdings signed a memorandum in April with SC Ventures, Standard Chartered’s venture arm, to incubate an AI payments project called AGENPAY. The Hong Kong firm, listed on Nasdaq under AXG, sells
The real action is now centered on the Fed’s Sept. 16 federal funds rate decision. CME’s Fedwatch Tool, which turns federal funds futures trading action into implied policy odds, gives a 25-basis-point hike a 57% chance, lifting the target range to 3.75%-4%. Staying parked at the current 3.5%-3.75% range gets just 43%. Presently, there’s a