Business

Federal Reserve Holds Rates Steady in First Decision Under Chairman Kevin Warsh

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The Federal Reserve left its benchmark federal funds rate range unchanged at 3.50% to 3.75% on Wednesday, a move that markets almost unanimously expected. “Economic activity is growing at a healthy pace despite elevated uncertainty due in part to conflict in the Middle East,” the press release said. “Inflation remains elevated relative to the 2% […]

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Measuring a fully maturing market

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The role of benchmarks is to describe and measure markets. Providing transparent rules, documented governance, independent oversight and clear procedures under difficult conditions requires rigor and discipline. Index providers voluntarily adopt these disciplines, relying on standards refined over decades in other asset classes. A new report from the Index Industry Association examines how digital asset

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Crypto industry dismayed by new Illinois tax on holding or transferring digital assets in state budget

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The crypto industry is opposing a new tax law in the state of Illinois that enacts a 0.2% tax on businesses transacting or storing crypto for customers in the state, but it may be too late to change it in the short term. The law enacts a 0.2% tax on “the receipt of any digital

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Moody’s rolls out on-chain credit ratings in tokenized assets campaign

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Moody’s Ratings is rolling out its credit ratings to Solana (SOL), allowing issuers of tokenized bonds and other fixed-income securities to integrate company ratings directly into blockchain-based assets. The move, announced Wednesday in partnership with Solana-focused tokenization specialist Alphaledger, extends Moody’s Token Embedding Engine (TIE) to a major public blockchain after its first deployment earlier

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BitGo’s $50 million buyout sparks rally after shares lose 65% since IPO

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The decline reflects a broader decline in investor confidence in digital asset stocks. After a wave of enthusiasm for cryptocurrency IPOs last year, Bitcoin BTC$65,091.43 and cryptocurrency prices fell, and attention increasingly turned to artificial intelligence (AI) companies and a pipeline of highly anticipated tech listings like SpaceX (SPCX). Several crypto companies, including Kraken and

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Mexican billionaire with 70% of his investment portfolio in Bitcoin says it’s better than real estate

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“For most people, the biggest investment, their nest egg, is their home equity. Find a way to turn that into some sort of exposure to bitcoin to a greater or lesser degree,” he said. “You can then bet on the house asset appreciating, the house asset appreciating, and the Bitcoin asset appreciating.” Salinas points to

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Heir to 135-year-old Gulf dynasty moves $6 trillion trading market onto blockchain rails

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For over 135 years, the Kanoo family, one of Bahrain’s richest families, has helped build the Gulf’s entire commercial infrastructure. The family, with a net worth of up to $6 billion, owns businesses in shipping, logistics, travel and finance. Abdulla Kanoo, one of the heirs of this 135-year-old dynasty, is now venturing into crypto. While

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Bitcoin Options Traders Prepare for Crucial June $10.6 Billion Expiry

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With only about 20% of the $10.6 billion in open interest in the money (ITM) and the remaining 80% out of the money (OTM), the market has a strong imbalance that could fuel wild price swings as participants scramble to adjust their positions. The story doesn’t end there. Maximum pain and put-call ratio Another factor

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