Bitfinex provided critical insights into the recent dynamics surrounding Bitcoin’s price movement, specifically noting that Bitcoin broke its 24-day range, closing at $75,702, down 3.2%. On the same day, ETFs sold $450.4 million worth of Bitcoin. This commentary underscores the growing institutional interest and could signal future market behavior. Read more here. The Story So
Ami Ben-David, CEO of Ownera, highlighted that fragmentation poses a significant risk to tokenized markets. Ownera’s FinP2P protocol has now integrated with Hedera to create trusted, institutional-grade infrastructure for real-world asset tokenization. This collaboration holds potential for greater market stability and could attract institutional interest in Hedera’s offerings, as detailed in Hedera’s tweet. Breaking It
The Federal Reserve unanimously voted to raise its benchmark interest rate by 25 basis points, bringing the new target range to 3.75% to 4.00%. Bitcoin dropped to an intraday low of $75,242 earlier today on the Bitstamp exchange. BTC/USD via TradingView According to the central bank, this move is specifically designed to support a timelier
According to a new investigation, validators are accepting payments starting at 10 $SOL ($1,000) a month to leak early access to Solana trades they receive for block production. Maximal extractable value (MEV) is on allegedly sale to quants via an incredibly valuable, realtime feed of pre-execution transactions. Corvus Labs’ Andrei Vacariu traced payouts through a
Following the Fed’s 25 basis point rate hike at its September meeting, markets are already focused on the October meeting. According to current market pricing, investors are giving a 45% probability to a 25 basis point rate hike by the Fed in October. In the pricing of the forecast markets, the probability of the Fed
Morgan Creek Capital CEO Mark Yusko has said that bitcoin’s fair value is $105,000 based on Metcalfe’s Law. Speaking on Bitcoin Magazine TV on Wednesday, the investment management firm said that now was the best time to buy the leading cryptocurrency as it is “on sale.” Metcalfe’s Law, an observation by Internet entrepreneur Robert Metcalfe,
Following the Federal Reserve’s decision to raise its policy interest rate by 25 basis points to the 3.75-4.00 percent range, market attention has shifted to Federal Reserve Chairman Kevin Warsh’s press conference. The Federal Open Market Committee’s (FOMC) decision was unanimous, with a 12-0 vote, and the updated dot plot indicates another rate hike before
Following the US Federal Reserve’s (FED) decision to raise its policy interest rate by 25 basis points, initial market reactions and economist assessments have begun to emerge. The US dollar index (DXY) rose above 100 after the decision, crossing this threshold for the first time since August 13th. While the FED implemented its first interest
The Federal Reserve announced its highly anticipated September interest rate decision. The Federal Open Market Committee (FOMC) raised the policy rate by 25 basis points to the 3.75-4.00 percent range. The decision was made with the unanimous support of all Committee members, with a vote of 12 to 0. The Fed’s statement noted that economic
At its September meeting, the Federal Reserve raised its policy interest rate by 25 basis points to a range of 3.75-4.00 percent. The Federal Open Market Committee’s (FOMC) decision was unanimous, with a 12-0 vote. The Fed stated that the rate hike would help inflation return to its 2 percent target more quickly, adding that