Category Archive: Cryptocurrency, No picture
Fed cuts rates by 25 basis points as crypto market extends losses
Key Takeaways The Federal Reserve reduced its benchmark interest rate by 25 basis points amid mixed economic signals. The crypto market experienced declines with Bitcoin dropping 4% and Ethereum and Solana seeing larger losses. Share this article The Federal Reserve cut its benchmark interest rate by 25 basis points to a target range of 4.25%-4.5%, […]
Ohio lawmaker pushes for state-backed Bitcoin reserve
Key Takeaways Ohio is considering a Bitcoin reserve to hedge against the dollar’s devaluation. Similar state-level initiatives for Bitcoin reserves are underway in Texas and Pennsylvania. Share this article Ohio State Representative Derek Merrin has introduced legislation to create a state-backed Bitcoin reserve. The proposal involves investing surplus funds in Bitcoin as a hedge against […]
Trump-backed World Liberty Financial adopts sUSDe stablecoin in DeFi expansion
Key Takeaways World Liberty Financial is integrating the sUSDe stablecoin into its DeFi ecosystem with Ethena. WLFI’s portfolio expansion includes $500,000 investment in Ethena and $250,000 in Ondo. Share this article Donald Trump-backed crypto project World Liberty Financial (WLFI) is partnering with Ethena to integrate the sUSDe stablecoin as a core collateral asset in WLFI’s […]
German banking giant develops Ethereum L2 using ZKsync
Key Takeaways Deutsche Bank is developing a layer 2 blockchain solution on Ethereum powered by ZKsync technology. The project’s aim is to address regulatory challenges for financial institutions using public blockchains and provide more efficient transactions. Share this article Germany’s largest bank Deutsche Bank is developing an Ethereum layer 2 network using ZKsync technology to […]
Fed expected to make third rate cut today—here’s what to expect
Key Takeaways The Fed is expected to lower interest rates by 25 basis points to a range of 4.25% to 4.5%. Increased market instability is possible as the event looms. Share this article The Federal Reserve is scheduled to announce its interest rate decision during its meeting on Wednesday. Economists widely predict that the Fed […]
Bloomberg analysts predict wave of crypto ETFs in 2025, targeting XRP, Solana, and HBAR
Key Takeaways Bloomberg analysts project a significant increase in crypto ETFs in 2025 following changes in SEC leadership. XRP, Solana, LTC, and HBAR ETFs may be considered for approval under the new SEC administration. Share this article Bloomberg analysts expect multiple new crypto ETFs to launch in 2025, following anticipated changes in SEC leadership. We […]
Elon Musk says Warren’s scrutiny of his DOGE role is driven by SBF’s family
Key Takeaways Warren raises conflict-of-interest concerns over Musk’s role in Trump’s administration. Elon Musk fires back at Warren, claims SBF’s parents shape her criticisms. Share this article Elon Musk responded to Senator Elizabeth Warren’s claims of potential conflicts of interest regarding his new role in President-elect Donald Trump’s administration. Lmao. The person actually writing these […]
PENGU token plunges 50% after airdrop as Pudgy Penguins NFT floor price tumbles
Key Takeaways PENGU token plummeted over 50% in value following its airdrop. The decline in PENGU token also led to a sharp drop in Pudgy Penguins NFT floor price. Share this article PENGU token plunged more than 50% after its airdrop to Pudgy Penguins NFT holders went live. The token’s value initially surged to $0.068 […]
Anti-crypto Caroline Crenshaw will not be renominated as SEC Commissioner following committee vote cancellation
Key Takeaways The Senate committee has abandoned its efforts to renominate Caroline Crenshaw as a SEC commissioner. Crenshaw’s tenure has been marked by opposition to crypto policies, aligning with SEC Chairman Gensler. Share this article The Senate Banking Committee’s vote on the reappointment of SEC Commissioner Caroline Crenshaw has been canceled, as reported by FOX […]
All about the new $10T crypto market cap
Share this article The crypto market has exploded recently, going from a niche for speculation into a global financial colossus. The market is already being capitalized with trillions of dollars, which are already measured by technological advancement, institutional participation, and global adoption. The market cap size is expected to be as much as $10 trillion. The […]
