Bitcoin, Ethereum and XRP gain slightly on Wednesday as traders gear for the U.S. FOMC rate decision at 2 PM ET. Unlike previous bear markets, traders are seeing shorter bear cycles followed by sharp price rallies. The upcoming FOMC meeting could usher higher volatility in the prices of top three cryptocurrencies and present buy the…
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The U.S. central bank opted to hold the federal funds rate steady within the range of 4.25% to 4.50%, emphasizing that “inflation remains somewhat elevated.” Powell Highlights Tariff Challenges in Economy, Fed Adjusts Financial Strategy Simultaneously, the Federal Reserve announced a strategic adjustment to its balance sheet normalization efforts, declaring it would “slow the pace…
Key Takeaways The Federal Reserve maintained the federal funds rate unchanged between 4.25% and 4.50%. According to BlackRock, a recession could benefit Bitcoin due to increased fiscal spending and monetary stimulus. Share this article The Federal Reserve kept interest rates unchanged today, maintaining the federal funds rate between 4.25% and 4.50% for the second consecutive…
It may not have the shine it once did, but Max (previously HBO Max) is still home to some of the best TV shows of the past 25 years, from The Sopranos and The Wire to Game of Thrones and The Leftovers. Whether you’re a longtime fan of the “it’s not TV” cable network or a Max newbie trying to…
Ether crypto, co-founded by Vitalik Buterin, comes with a bang. Recent news reports that Justin Sun staked $100M in Ether crypto for an impressive $3M annual passive income. Arkham Intelligence reveals Sun’s strategic timing, reinforcing his reputation as a key player active only when the crypto market shows bullish signs, not during bear markets. JUSTIN…
The price of Raydium’s RAY token shot up 28% after reports emerged that the Solana-based decentralized exchange (DEX) was planning to launch a rival meme coin platform, LaunchLab, to compete with Pump.fun. It follows rumors that Pump.fun is testing its own automated market maker (AMM), potentially threatening the exchange’s revenue stream. The Battle for Solana’s…
The U.S. Securities and Exchange Commission (SEC) is officially dropping its lawsuit against Ripple Labs, according to CEO Brad Garlinghouse. In a new video update on the social media platform X, Brad Garlinghouse says that the regulatory agency is dropping its appeal in its lawsuit against the firm, which it originally filed in December 2020…
In a new report, a California-based policy group co-led by Fei-Fei Li, an AI pioneer, suggests that lawmakers should consider AI risks that “have not yet been observed in the world” when crafting AI regulatory policies. The 41-page interim report released on Tuesday comes from the Joint California Policy Working Group on Frontier AI Models,…
The American securities regulatory body officially shut down its lawsuit against Ripple & XRP Cryptocurrency. Summary The US SEC body officially dropped the case against Ripple. Ripple CEO called this development a very big victory for the Ripple firm. This news acted as a very big catalyst to pump the trade price of $XRP Cryptocurrency….
