Federal Reserve Governor Michael Barr has backed a decisive interest rate increase if inflation fails to ease, as Polymarket traders place the chance of a 2026 hike at 72%. Barr supports a Fed rate hike if inflation stays high The Federal Reserve said in Barr’s Sept. 1 prepared remarks that inflation remains too high after
Bitcoin price has fallen below $77,000 as fresh U.S. military strikes on Iranian targets have pushed oil prices higher and triggered heavy selling across crypto and stock markets. Bitcoin price falls below $77,000 The U.S. Central Command said American forces began striking Islamic Revolutionary Guard Corps targets in Iran at 12 p.m. ET on Tuesday,
Wells Fargo, in collaboration with DTCC and The Clearinghouse, is advancing the development of tokenized products, as reported by Fireblocks. This strategic move is poised to enhance operational efficiency in financial transactions. With tokenization set to reshape traditional finance, stakeholders should monitor how these changes will impact market dynamics moving forward. What Went Down The
BlackRock’s spot Bitcoin exchange-traded fund (ETF), IBIT, has delivered slightly higher total returns than Vanguard’s S&P 500 ETF, VOO, since its launch in January 2024. According to data shared by Bloomberg senior ETF analyst Eric Balchunas on X, IBIT recorded a total return of 71.34% from its inception through the present, compared with VOO’s 66.06%
Flint’s recent launch on Frontier Traders marks a significant step for Solana in optimizing market-making efficiency. This integration allows market makers to streamline their operations without the need to develop Solana-specific infrastructure. Given that Solana leads all chains in on-chain volume, the implications of this launch could attract more liquidity to the platform. For more
$BNB Chain, celebrating its 6th birthday today, has established itself as the largest chain for tokenized equities. This milestone signifies its significant growth trajectory in the competitive blockchain landscape. As highlighted by the tweet from @MessariCrypto, the chain’s dominance in this sector is a testament to its robust infrastructure and community support. Looking forward, this
The yield that Japan pays for a 10-year loan reached 3% on Tuesday, its most expensive rate since September 1996. The government’s borrowing cost has increased 2,900% in less than five years. Originating a loan of the same duration in early 2022 cost the sovereign just 0.1%. Yield on 10-year Japan Government Bonds, 2006-present. Source:
Tokenized stocks are blockchain-based representations of shares or economic interests linked to publicly traded companies. Instead of ownership being recorded only inside conventional brokerage and securities databases, some or all of the position can be represented by a digital token that moves across blockchain infrastructure. That does not mean Apple, Nvidia or another company suddenly
Chainlink has launched a groundbreaking service called DataLink, which provides continuous foreign exchange (FX) data for major and emerging currencies, including the Indian Rupee. This service is particularly significant as it supports 24/7 pricing, reflecting the growing importance of India’s FX market. As global markets increasingly operate around the clock, this innovation enhances access for
The Financial Accounting Standards Board (FASB) is proposing new rules that would allow companies to classify stablecoins as cash equivalents, aligning them with traditional cash instruments such as Treasury bills. This development, highlighted by Crypto Twitter commentator @FireblocksHQ, could dramatically improve stablecoin adoption among enterprises. As this proposal moves forward, it may transform how corporate