News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
The selling pressure from short-term holders may exasperate a potential dip in September.
This growth is notable, especially since just two months ago, surpassing 100,000 subscribers had already spiked HNT's price by 40%.
The Ethereum Foundation plans to release a financial report “relatively soon” to address community concerns surrounding its spending, according to researcher Justin Drake.Japan’s three major banks, MUFG, SMBC and Mizuho, are set to test a cross-border stablecoin transfer platform dubbed “Project Pax.”U.S. spot Bitcoin ETFs saw $211.1 million in net outflows on Thursday, marking the seventh consecutive day of negative flows totaling over $1 billion.The following article is adapted from The Block’s newslette
DOGS has dipped after its team airdropped 40 billion tokens over the past two days, yet its recent momentum should help it recover soon.
UTB faces a 90-day deadline to overhaul its AML and risk management programs, following an investigation into its crypto clientele practices.
- 16:52Swap Contracts Show Over 50% Probability of Fed Cutting Rates by 50 Basis Points This WeekBond traders once again believe that Federal Reserve policymakers are more likely to cut interest rates by 50 basis points than 25 basis points at this week's meeting. Swaps linked to the Fed's interest rate resolution show a more than 50 per cent chance that the Fed will cut rates by 50 basis points this week, compared with last week when traders almost completely ruled out the possibility. That sent two-year U.S. American yields back to their lowest level in two years and dragged the dollar index to its lowest level since January. Philip Marey, senior U.S. strategist at Rabobank, wrote that he expects the Fed to implement its standard 25 basis point rate cut. ‘Powell's lack of guidance could indicate that the FOMC has yet to reach consensus. More importantly, Tuesday's retail sales could still alter market expectations.’
- 16:50Bitwise Analyst: Expectations of Further Fed Rate Cuts Will Have a Positive Impact on BitcoinOn 16 September, André Dragosch, Head of European Research at Bitwise, said, ‘The relatively strong manufacturing report suggests that the market's reaction could be positive if the Fed cuts interest rates by 50 basis points, as this leading indicator has already shown even an acceleration in underlying economic momentum in September, signalling a possible entry into the early stages of the “just right scenario”, i.e. low inflation, stable growth, and stimulative monetary policy. In my view, markets will be driven more by expectations of a rate cut than the cut itself over the next few months. Expectations of further rate cuts are likely to intensify due to the weak US economy and impending recession, which we expect to have a net positive impact on Bitcoin and crypto assets.’
- 16:50A trader bought about $16,500,000 of Neiro in July and is currently floating more than a hundredfoldOn 16 September, Arkham monitored a trader who had floated over $1.8 million through Neiro, having purchased around $16,500 of Neiro within the first two days of its launch.
