Bitcoin BTC$90,112.65the leading cryptocurrency by market value, is falling following the Fed’s rate cut overnight. The reason likely lies in the Fed’s messaging, which made traders less enthusiastic about future easing. The Fed on Wednesday lowered its benchmark interest rate by 25 basis points, to 3.25%, as expected, and said it would begin buying short-term […]
Why is Bitcoin (BTC) trading lower today? Read More »
After weeks of tight negotiations between the parties, Senate Democrats presented their latest counteroffer on the crypto market structure bill, outlining a set of demands resembling those they first laid out in a public memo in September and potentially revealing the true depth of the division within the Senate. The summary shared this week and
Democrats’ latest memo exposes new flaws in Senate bill Read More »
Bhutan is expanding its national blockchain strategy with a gold-backed digital token issued by Gelephu Mindfulness City and backed by the Kingdom’s sovereign framework. The TER token is designed to serve as a new bridge between traditional stores of value and blockchain-based finance, according to an emailed announcement Thursday. The tokens are issued on Solana,
Bhutan launches sovereign gold-backed TER token Read More »
Hello, Asia. Here’s what’s making news on the markets: Welcome to Asia Morning Briefing, a daily summary of the top news stories during U.S. business hours and insight into market movements and analysis. For a detailed overview of US markets, see Crypto Daybook Americas from CoinDesk. Bitcoin held firm as Hong Kong began its business
Fed Cut Brings Little Volatility as Bitcoin Waits for Japan Read More »
Surf, an AI research and intelligence platform focused on digital assets, has raised $15 million in a funding round led by Pantera Capital, with participation from Coinbase Ventures and Digital Currency Group (DCG), the company announced in a press release on Wednesday. The San Francisco-based startup said the funds will be used to create Surf
Surf raises $15 million to create an AI model suitable for crypto research Read More »
The U.S. Federal Reserve announced a widely expected 25 basis point rate cut on Wednesday, lowering the range for its benchmark federal funds rate by 25 basis points, to between 3.50% and 3.75%. This is the third consecutive quarter-point reduction and brings short-term borrowing costs to their lowest level since 2022. “Uncertainty regarding the economic
US Fed cuts Fed Funds benchmark rate band to 3.50% – 3.75% Read More »
Consumer advocates and financial reform groups are lining up alongside some labor unions to oppose Senate legislation that will impose regulations on U.S. crypto markets, arguing that current versions make crypto consumers vulnerable to fraud. “Legislative initiatives explored thus far in the Senate have largely failed to address the “The widespread harm caused by the
Consumer groups join unions in attempt to derail US crypto market structure bill Read More »
The team behind crypto payments app Valora is joining Stripe as the payments giant increasingly expands into blockchain technology and stablecoins, Valora founder Jackie Bona said in a blog post Wednesday. “We have seen first-hand how access to stablecoins and crypto rails can increase economic opportunity,” Bona said. “Over the past few months, it has
Stripe Acquires Crypto Payments Startup Valora, Ventures Further into Stablecoins Read More »
State Street and Galaxy Asset Management plan to launch a tokenized liquidity fund in early 2026 that uses stablecoins for investor flows around the clock, expanding the use of public blockchains in institutional cash management, the companies announced Wednesday. The State Street Galaxy Onchain Liquidity Sweep Fund, or SWEEP, will accept subscriptions and redemptions in
State Street and Galaxy to launch tokenized liquidity fund on Solana (SOL) in 2026 Read More »
The Commodity Futures Trading Commission announced the initial names as it created its CEO Innovation Council, intended to look into developments in derivatives market structure, particularly around tokenization, crypto and blockchain technology. Prominent crypto industry CEOs such as Gemini’s Tyler Winklevoss, Kraken’s Arjun Sethi and Polymarket’s Shayne Coplan will join CEOs from flagship companies including
Crypto CEOs Join US CFTC Innovation Council to Drive Market Developments Read More »
