Fed Cuts Rates But BTC Stuck Under $100K: Glassnode

Fed Cuts Rates But BTC Stuck Under $100K: Glassnode

On Wednesday, the US Federal Reserve approved a 25-basis-point interest rate cut, marking the third this year and aligning with market expectations. Typical of its previous pre-FOMC price action, Bitcoin rallied above $94,000 on Monday, but the media’s hawkish depiction of the rate cut reflects a Fed that is divided over the future of US…

U.S. Fed Trims Benchmark Fed Funds Rate Range to 3.50%-3.75%

U.S. Fed Trims Benchmark Fed Funds Rate Range to 3.50%-3.75%

The U.S. Federal Reserve delivered a widely expected 25 basis point rate cut on Wednesday, lowering the range on its benchmark fed funds rate by 25 basis points to 3.50% to 3.75%. This marks the third straight quarter point reduction and brings short-term borrowing costs to their lowest level since 2022. “Uncertainty about the economic…

UAE Mubadala Capital to offer tokenized access via KAIO

UAE Mubadala Capital to offer tokenized access via KAIO

Mubadala Capital, a global alternative asset management platform out of the United Arab Emirates (UAE), has announced plans to offer tokenized access to its private market investment strategies using the KAIO blockchain. According to reports, KAIO has already tokenized more than $200 million in assets from the funds of global institutions, including BlackRock, Brevan Howard,…

Senator Lummis Works On A Compromise With Democrats Over Crypto Market Structure Bill

Senator Lummis Works On A Compromise With Democrats Over Crypto Market Structure Bill

Senators Lummis and Gillibrand revealed that they are doing the final touches on the pending crypto market structure bill. Senate Republicans reportedly agreed to accommodate more than 30 revisions proposed by Democrats to the pending legislation. US Senator Cynthia Lummis of Wyoming recently provided an update on the pending crypto market structure bill. During the…

Rare Loss Of Finality 'Fine' For Ethereum

Rare Loss Of Finality ‘Fine’ For Ethereum

Ethereum can afford to lose finality from time to time without putting the network at serious risk, according to co-founder Vitalik Buterin, even after a recent client bug came close to disrupting the blockchain’s confirmation mechanism. Following a recent bug in the Prysm Ethereum client, Buterin said in an X post that there is “nothing…

Strive (ASST) Starts $500 Million ATM Program for High-Yield SATA Preferred Stock

Strive (ASST) Starts $500 Million ATM Program for High-Yield SATA Preferred Stock

Strive (ASST), a publicly traded bitcoin BTC$92 335,75 treasury and asset-management company, said it arranged a $500 million at-the-market offering (ATM) for its Variable Rate Series A Perpetual Preferred Stock (SATA) to help fund further purchases of the largest cryptocurrency. SATA pays a 12% dividend with an effective yield near 13%, and the security is intentionally…

Abu Dhabi adds USDT to its stablecoin register

Abu Dhabi adds USDT to its stablecoin register

Abu Dhabi has added Tether’s stablecoin USDT to the list of registered stablecoins in the country. According to reports, USDT will be officially recognized as an “Accepted Virtual Asset” (AVA) by the Financial Services Regulatory Authority (FSRA) within the Abu Dhabi Global Market (ADGM), the UAE’s international financial center in Abu Dhabi. The move positions…