Bitcoin (BTC) Prices May be Positively Impacted by, But Other Factors Still at Play: Coinbase
“Bitcoin doesn’t operate in a vacuum,” and its price is affected by other influences, such …
DOGE Jumps 18% on Possible ETF Signals, Buoying Meme Coins as Bitcoin Nears $68,000
On Wednesday, markets started to slide in early Asian hours amid profit-taking from last week’s …
Here’s a Simpler Way to Track Speculative Frenzy in Bitcoin (BTC) Market
The futures term structure is usually upward sloping, as contracts with a more extended expiry …
TREMP’s Caretaker Says the Hit Solana Meme Coin Is More About Fun, Than Politics
3fn, B’s partner in the TREMP project, explains that these meme tokens use Solana because …
Dogecoin Price Holds Crucial Support But Can DOGE Clear This Hurdle?
Dogecoin is recovering higher from $0.1220 against the US Dollar. DOGE must clear the $0.1650 …
Ethereum Price Rallies 10%, Why Close Above $3,550 Is The Key
Ethereum price started a recovery wave from the $3,050 zone. ETH is up over 10% …
Bitcoin Price Jumps 10% But Can Pump BTC Back To $70K?
Bitcoin price started a strong recovery wave from the $60,800 zone. BTC is up nearly …
SEC Investigates Ethereum Classification as Security
According to PANews, the US Securities and Exchange Commission (SEC) is taking legal action to classify Ethereum as a security. This action involves issuing subpoenas to US companies, requiring them to provide all documents and financial records related to the Ethereum Foundation. The investigation began in September 2022 when the Ethereum blockchain transitioned to a new governance model called 'Proof of Stake'. Although the SEC has not commented on the matter, this move appears to be a significant review of the Switzerland-based Ethereum Foundation. This action could have far-reaching implications for the cryptocurrency industry, particularly in discussions about whether crypto assets are considered securities.
Fed Chair Powell Discusses Balancing Employment and Inflation Risks
According to PANews, Federal Reserve Chairman Jerome Powell stated that the risks of achieving employment and inflation targets are being better balanced as the tense supply-demand relationship in the labor market eases. Inflation has significantly eased in the past year but remains above the Fed's set 2% long-term target, and long-term inflation expectations are still unstable. If appropriate, the Fed will maintain the federal funds rate target range at its current level for a longer period. Powell said that the Federal Open Market Committee believes it is 'inappropriate' to lower the target range before having confidence in inflation consistently moving towards 2%. However, the Fed has not yet gained the confidence to begin cutting interest rates from various data. Powell also mentioned that discussions took place during the meeting about slowing down the reduction of the balance sheet, and that it would be appropriate to slow down the pace of the reduction soon. Slowing down the reduction will ensure a smooth transition, alleviate pressure on the money market, and limit the risk of fluctuations in the money market.
BlackRock Enters Asset Tokenization Race With New Fund on the Ethereum Network
“This is the latest progression of our digital assets strategy,” said Robert Mitchnick, BlackRock’s Head …