The Federal Reserve raised the federal funds rate by 25 basis points to a target range of 3.75% to 4.00% in a unanimous vote by all 12 FOMC members. Bitcoin traded between $75,000 and $75,800 before touching $76,000 following the release, while the broader crypto market pulled back 2.18% on the day. August’s Producer Price
Wall Street turned sharply lower Wednesday after the Federal Reserve delivered its first interest-rate hike since 2023 and signaled that the tightening cycle may not be over. The Fed unanimously raised its benchmark rate by 25 basis points to 3.75%–4.00%, saying inflation remains elevated even as economic activity continues to expand at a solid pace.
Hyundai Card appears to be moving toward a much more ambitious phase of its blockchain strategy after successfully testing stablecoin-based corporate payments on Avalanche. Heejung Nam, head of Payments and business development at Hyundai Card, stressed that Hyundai now has to demonstrate that the system can work beyond a relatively small proof of concept. “We
1inch has officially launched Arc in its decentralized application, enhancing its utility for users. This integration allows for seamless asset swaps and cross-chain transactions, reflecting the platform’s commitment to evolving in the competitive crypto space. As noted in a tweet from the project, this feature aims to simplify the trading experience for users navigating multiple
Bitcoin price traded near $76,200 after a volatile week as the failed CLARITY Act vote and the Federal Reserve’s rate increase kept pressure on the market. Technical indicators now point to resistance near $78,600, while liquidation data places the main downside liquidity cluster around $74,600. Bitcoin price retreats after rejection near $80,000 According to data
Chainlink has teamed up with Trex Network to enhance accessibility to its data streams, targeting market makers and algorithmic traders. This collaboration aims to provide robust real-time data, vital for informed trading decisions and efficient strategies. As the demand for accurate data rises, this partnership positions Chainlink favorably in a competitive landscape, potentially attracting more
Bitcoin [$BTC] ETFs are in the trenches right now, just as $BTC itself dips. Short-term reaction or the start of the dark days? Here’s what we know. $BTC ETFs are bleeding – Fidelity crypto leads losses On September 15, investors took out a combined $450.4 million… in a single day! That is the biggest daily
Bitcoin’s quantum debate is quite a quagmire. This is not merely a technical debate regarding the trade-offs of different types of cryptography and their strengths against a theoretical quantum computer. It is a debate about which properties of Bitcoin’s ethos are strongest when it is faced with a difficult dilemma: uphold the promise that valid
Starknet has announced a major milestone with a quantum-safe Bitcoin transaction mined on its mainnet. This significant achievement, confirmed through a tweet by @Starknet, demonstrates the growing interest in enhancing Bitcoin’s security against quantum computing threats. The implications of this breakthrough could lead to more robust crypto transaction protocols moving forward. For more details, see
Komainu has announced its role as a Day 1 launch partner for the Arc mainnet, providing institutional-grade custody support. This partnership is significant as it highlights the growing institutional interest in blockchain technology and could bolster confidence in the Arc platform. As noted in Komainu’s tweet, the mainnet aims to enhance programmable money and financial