A spokesperson for US AI and crypto czar David Sacks has refuted the idea that he may have breached his 130-day limit as a special government employee, following scrutiny from several US lawmakers. The spokesperson for Sacks told CNBC on Wednesday that he carefully manages his SGE days to ensure that he stays under the…
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MoneyGram’s digital payments app is set to launch in Colombia, offering locals a way to save in US dollar stablecoins as the Colombian peso continues to weaken. MoneyGram’s crypto service is powered by the Stellar network and leverages Crossmint for self-custody, enabling users to store the USDC (USDC) stablecoin and transfer it overseas nearly instantly. …
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The US Securities and Exchange Commission has approved a set of listing standards for commodity-based trust shares, opening the door for digital asset listings without requiring individual approvals. The decision, detailed in SEC filings on stock exchanges like the Nasdaq, NYSE Arca, and Cboe BZX, on Wednesday, would streamlines the process under Rule 6c-11, significantly…
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US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025. At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in…
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Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure. On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor…
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Key takeaways: Bitcoin is struggling to hold above $115,000 after the Fed’s 25 BPS interest rate cut. The Fed signaled an additional 50 BPS of cuts through 2025. Bitcoin futures open interest surged while spot volumes continued to decline. Bitcoin (BTC) is trying to steady its price above $115,000 after the United States Federal Reserve…
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The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (bps) cut and a boost to risk asset prices in the long term. Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin…
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Bullish, the digital asset platform and infrastructure provider that debuted on the New York Stock Exchange last month, has secured regulatory approval to expand its operations in the United States — a key milestone as exchanges seek a clearer footing in one of crypto’s most scrutinized markets. Bullish announced Wednesday that its US arm, Bullish…
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Key points: Bitcoin is likely to witness wild moves following the Fed’s rate decision, but the price may remain inside the large $107,000 to $124,474 range for some more time. Several altcoins, except BNB, have pulled back, indicating that traders are taking risk off the table before today’s FOMC. Bitcoin (BTC) is facing selling near…
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Key takeaways: The Bitcoin options delta skew rose above the 7% neutral threshold, signaling cautious trader sentiment ahead of the US Fed decision. The top traders’ long-to-short ratio and $292 million spot ETF inflows support optimism despite mixed BTC derivatives. Bitcoin (BTC) approached the $117,000 level on Wednesday but failed to maintain its bullish momentum,…
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