“We must be confident that underlying inflation is moving to our objective clearly and at sufficient speed,” Federal Reserve chair Kevin Warsh said at his press conference on Wednesday, after the central bank raised its benchmark rate by a quarter point to a range of 3.75% to 4%, its first increase since July 2023. “Today,
Q4 is just around the corner, and the crypto market is already discussing whether it will be bullish or bearish. Notably, the bears have quite a compelling case. The market has started reacting to the recent 25 bps hike by the Federal Reserve. Goldman Sachs has already priced in another rate hike at the October
The Senate blocked the crypto industry’s market structure bill on Tuesday. On Thursday the Securities and Exchange Commission did a piece of the job itself. An order from the agency lets tokenized versions of U.S. stocks trade on blockchain liquidity pools for the next five years, provided the venue running the pool is American, checks
The Federal Reserve hiked interest rates for the first time since 2023 on Wednesday and it sent the bitcoin price — briefly — all over the place. But then it settled and currently sits a modest 1% higher over a 24-hour period. And according to asset manager Grayscale’s crypto research team, bitcoin is unlikely to