Key Takeaways 54% of Polymarket users correctly predicted the 50 bps Fed rate cut, outperforming 92% of economists. The crypto market value grew by 3.7% following the rate cut, while equities markets... Read more »
Key Takeaways Powell remains confident that the economy will be resilient despite external risks. Inflation nears Fed’s target, prompting a cautious but flexible policy response. Share this article Federal Reserve Chair Jerome... Read more »
Key Takeaways TrueX introduces a stablecoin-centric trading platform, aiming for minimal slippage between various stablecoins. The exchange secures $9 million in seed funding and collaborates with major crypto investors and companies. Share... Read more »
Key Takeaways Binance asserts it has never owned or controlled WazirX, countering claims from the Indian exchange. Binance urges WazirX to compensate users affected by the $235 million hack. Share this article... Read more »
Key Takeaways DBS Bank will start offering crypto options and structured notes linked to BTC and ETH in Q4 2024. The bank’s new crypto products aim to provide hedging against market volatility.... Read more »
Key Takeaways Expected rate cuts could drive Bitcoin prices higher as investors seek riskier assets. Share this article Polymarket traders are overwhelmingly betting on a Federal Reserve rate cut this week, with... Read more »
Key Takeaways Digital asset investment products saw $436m inflows after a period of $1.2bn outflows. Bitcoin received $436m inflows, while Ethereum faced $19m outflows amid L1 profitability concerns. Share this article Bitcoin... Read more »
Key Takeaways Grayscale’s XRP trust targets accredited investors, which is different from an ETF. The company has been instrumental in bringing crypto ETFs to Wall Street. Share this article Grayscale, the world’s... Read more »
Key Takeaways Ethereum Name Service’s token value increased by 7.5% following PayPal and Venmo’s adoption. Venmo and PayPal users in the US can now send crypto using readable ENS names instead of... Read more »
Photo by Block Inc. Key Takeaways Block Inc. has surpassed Coinbase in market capitalization for the first time since March. Barclays adjusts its rating on Coinbase from Under Weight to Equal Weight.... Read more »
