The Fed held its policy rate steady at 4.50% at its July meeting, in line with expectations. This marked the fifth consecutive meeting where the Fed kept interest rates unchanged. Following the interest rate decision, short-term fluctuations in spot gold, silver, and the US dollar index (DXY) were limited. Markets interpreted the Fed’s statements as
The Fed left interest rates unchanged, as expected. All eyes will now be on FED Chairman Jerome Powell’s press conference at 21:30 (UTC+3). Bitcoin’s reaction after the decision was as follows: The decision comes on the heels of President Donald Trump’s unusual recent visit to the Federal Reserve, during which he reiterated his call for
Planck, an infrastructure protocol targeting the artificial intelligence boom, has launched a layer-0 blockchain aimed at supporting decentralized AI networks, the company said Tuesday. The blockchain is designed to serve as foundational infrastructure for AI applications, particularly those built for decentralized physical infrastructure networks (DePINs). These networks combine hardware, token incentives and distributed processing to
Bitcoin traded ticked down slightly after the U.S. central bank left the Federal funds rate intact as analysts had widely expected amid uncertain inflation readings and the Fed’s cautious rhetoric in recent months. BTC was recently trading at $117,777, off 0.1% over the past hour, according to crypto markets data provider CoinGecko. The largest cryptocurrency
Cryptocurrency analytics firm CryptoQuant has released a compelling assessment of Bitcoin’s current market outlook. The firm argues that the cooling observed in the futures market suggests Bitcoin is on a healthier bullish footing. In the past few months, Bitcoin’s rally to near $70,000–$90,000 has seen intense volatility in futures trading. These periods have typically seen
Coinbase (COIN) and JPMorgan (JPM) have formed a long-term strategic partnership to expand access to digital assets and enhance customer security. The deal, announced earlier today, underscores Coinbase’s role as a core blockchain infrastructure provider, not just a trading venue, for major U.S. banks, according to a note on Wednesday from brokerage firm Bernstein. Rather
Bitcoin remains stable around $118,000 ahead of the Fed’s interest rate decision to be announced today. Markets are widely expected to hold interest rates steady at this meeting, with the focus on Fed Chair Jerome Powell’s remarks and Personal Consumption Expenditures (PCE) inflation data due tomorrow. While the CME FedWatch tool shows a very high
Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Ethereum At 10: Where Next For The World Computer? Linea to Burn ETH With Every Transaction in Bold L2 Upgrade Solana Players Unveil ‘Internet Capital Markets’ Roadmap Square
As the Fed prepares to announce its interest rate decision this evening, it finds itself under historically intense political pressure. US Treasury Secretary Scott Bessent, speaking ahead of the meeting, said the Fed was not expected to cut interest rates today. He also said the Fed needed to “show some imagination” and reiterated that it