Crypto investors are piling into tokenized gold as digital asset markets are treading water, sending inflows to Paxos’ gold token to a record in January. Paxos Gold ($PAXG), backed by physical gold held in LBMA vaults in London, raked in more than $248 million fresh capital through January, DefiLlama data shows. That lifted $PAXG’s market
The Federal Reserve held interest rates steady on Wednesday, a decision that capped a sharp reversal in market expectations that had once favored an early 2026 rate cut. “Job gains have remained low, and the unemployment rate has shown some signs of stabilization,” said the central bank in its policy statement. “Inflation remains somewhat elevated.”
US President Donald Trump said in a speech in Iowa yesterday that he would announce his nominee for FED chairman “very soon.” This statement by Trump has accelerated expectations and speculation in financial markets. Market analyst Ghiles Guezout stated that the announcement could come even today, while many news reports in recent weeks suggest that
Nick Timiraos, a close observer of the Fed, stated in his latest article that the Fed kept its policy interest rate stable, in line with expectations, and did not give a clear signal about when interest rate cuts would resume. According to projections released in December, 12 out of 19 Fed officials predicted that at
According to breaking news, the Fed has kept interest rates unchanged, as expected. Here’s Bitcoin’s reaction in the first few minutes: Thus, the Fed paused its rate cuts after three consecutive reductions since September last year. The decision was in line with market expectations. The Federal Open Market Committee (FOMC) released its decision, noting that
Cryptocurrency analytics company QCP Capital shared its assessment of Bitcoin and the overall market outlook following the sharp sell-off at the beginning of the week. According to QCP Capital, Bitcoin has recovered after its sharp decline earlier in the week. However, this level has recently acted as a “trap” for the market. Drops below $88,000
Ethereum co-founder Vitalik Buterin, in a recent interview in China, stated that Decentralized Social (DeSoc) solutions top the list of applications he most wants developers to build, followed by “smarter” DAOs. Buterin noted that he observed a departure from these goals at the implementation level; a significant portion of the energy and capital in the
Fidelity Investments is set to roll out its first stablecoin on Ethereum in early February, CoinDesk reported Wednesday. The token, called the Fidelity Digital Dollar (FIDD), will be fully backed by reserves and available to both institutional and retail clients through Fidelity platforms and major crypto exchanges. The rollout follows the passage of the GENIUS
BlackRock is moving deeper into the “Bitcoin as a portfolio sleeve” trade, this time by packaging the flagship digital asset’s inherent volatility into distributable income. On Jan. 23, the $14 trillion asset management firm filed a registration statement for the iShares Bitcoin Premium Income ETF. This is a fund designed to track $BTC’s price (via
Kearney, a global management consulting firm, in its recent report, confirms that the projected growth for tokenization uptake in the GCC (Gulf Cooperation Council) countries is close to $500 billion worth of assets. The fertile sectors for tokenization are private markets, funds, and bank deposits, while the primary catalysts are financial institutions, asset managers, and