Fed Chair Jerome Powell Expected to Set Stage for September Rate Cut
Bitcoin remains nearly 20% below its all-time high, while U.S. stocks and gold are at or within close shouting distance of record levels.
Fed's Collins: will soon be appropriate to cut interest rates
It will soon be appropriate for the Federal Reserve to begin a rate-cutting cycle, Boston Fed President Susan Collins said on Thursday, signaling her likely support for a rate cut at the U.S. central bank's policy meeting next month. "We've seen quite a lot of reduction in inflation. The reduction to me is consistent with more confidence that we are on that trajectory and with labor markets healthy overall, I do think that soon it is appropriate to begin easing," Collins said in an interview with Fox Business.
Tim Draper leads $2.5 million funding round for crypto startup Ark Labs
Ark Labs, a three-month old startup developing solutions to speed up bitcoin transactions and lower costs, has raised $2.5 million in a pre-seed funding round led by billionaire investor Tim Draper. Besides venture capital firm Draper Associates, Fulgur Ventures, Axiom Capital and angel investor Stephen Cole also participated in the round, the startup said on Thursday.
Memecoin Frenzy Reaches Tron as Justin Sun-Backed SunPump Rakes in Big Bucks
The memecoin generator launched in mid-August and has crossed $1 million in revenues in its first nine days - a large amount considering Tron’s low fees.
Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust
The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.
Avalanche Becomes Latest Blockchain to Support Franklin Templeton's Tokenized Money Market Fund
The fund, which launched in 2021, currently stands at a $420 million market cap.
Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust
The provider of bitcoin and ether ETFs now offers more than 20 crypto investment products.
Stablecoin Issuing System M^0 Employs Fireblocks for Crypto Custody
M^0 allows stablecoin issuers to incentivize distributors, liquidity providers and so on by programmatically sharing yield among an ecosystem of users.
NEAR Blockchain Gets Major Upgrade to Add 'Stateless Validation'
The upgrade, known as "Nightshade 2.0," has been on the NEAR roadmap for years, with the first version introduced in 2022.
Popular Post
- The Bull Market Keeps Growing. 3 Reasons to Buy Amazon Like There's No Tomorrow. Aug 24, 2024
- McDonald's foot-traffic rebound will be the story to watch for the next decade, analyst says Aug 19, 2024
- Ethereum Is the Microsoft of Blockchains, ETH Underperformance May Reverse Into Year-End: Bitwise Sep 18, 2024
- CoinDesk 20 Performance Update: RNDR Surges 6.9% as Index Inches Higher Aug 22, 2024
- Labor market weakness shows signs of 'leveling off,' keeps Fed on track to cut rates in September Aug 22, 2024
- Trump Leads Harris by 12 Points Among Crypto Owners: Poll Aug 29, 2024
- Germany Dumping $2.8B Bitcoin Is 'Market Intervention,' Despite Murky Legal Justifications Jul 18, 2024
- Brazil stocks lower at close of trade; Bovespa down 1.08% Aug 22, 2024
- Spirit Airlines stock plunges 28% because the end might be near Oct 04, 2024
- Tech bundles turn to the oldest form of upselling for growth: French fries Aug 23, 2024