Fed Rate Hike of 25 Basis Points Expected as Two-Day Policy Meeting Looms

·1 views

The U.S. Federal Reserve is set to begin its two-day policy meeting the following day. Market participants have reached near-unanimous consensus that the central bank will raise its benchmark interest rate by 25 basis points. The anticipated hike reflects the Fed's ongoing efforts to manage inflation and monetary policy. Meanwhile, financial markets showed mixed signals, with Bitcoin posting modest gains even as stock markets declined amid concerns over artificial intelligence developments. Oil prices surged during the same period, adding further complexity to the broader economic outlook.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitmine Nears 5% ETH Goal After $68M Purchase as Tom Lee Flags More Upside

Bitmine, an Ethereum-focused treasury firm, has added $68 million worth of ether to its holdings, bringing it closer to its 5% accumulation target. The purchase reflects growing institutional interest in Ethereum as a treasury asset. Prominent investor Tom Lee has pointed to a rising ETH-BTC ratio and increasing institutional demand as key catalysts for further upside. Lee's outlook suggests he expects Ethereum to continue outperforming Bitcoin in the near term. The move signals broader confidence among institutional players in Ethereum's long-term value proposition.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitwise Shuts Dogecoin ETF After 10 Months Amid Weak Investor Demand

Bitwise is closing its BWOW Dogecoin ETF after just 10 months of operation, citing persistently low investor interest. The fund struggled to attract buyers throughout its short lifespan, underperforming significantly compared to rival altcoin products. Meanwhile, ETFs tracking XRP and Solana collectively drew approximately $3 billion in investments, highlighting a stark contrast in demand. The closure raises broader questions about the viability of altcoin ETFs and what distinct financial need such products serve for investors.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Trump Accepts Stricter Ethics Rules to Advance Clarity Act Crypto Bill

President Donald Trump has agreed to expanded conflict-of-interest provisions in order to gather critical Senate support for the Clarity Act, a major cryptocurrency legislation bill. The concessions include stronger ethics rules and the granting of enforcement powers to state-level authorities. The move signals Trump's willingness to compromise on regulatory guardrails to push the bill forward. The Clarity Act is seen as a significant piece of legislation aimed at providing regulatory framework for the crypto industry.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

FCA Eyes Special Rules for Tokenized Gold to Keep London Competitive

The UK's Financial Conduct Authority is exploring a dedicated regulatory framework for tokenized gold in collaboration with the Treasury. The initiative aims to exempt digital gold products from existing traditional fund regulations. The move is designed to protect and strengthen London's position as a leading financial market. By crafting bespoke rules, regulators hope to accommodate the growing digital assets sector without applying outdated fund laws to it.

0 comments Read more at CoinDesk