Markets are heading into the night with a little more spring in their step. Fed Chair Jerome Powell hinted that rate cuts and an end to balance sheet runoff could be on the table, a combo that tends to lift risk appetite and crypto liquidity. After last weeks flash crash, Bitwise CIO Matt Hougan framed the slump as a speed bump rather than a blowout, pointing to steady ETFs and no structural breaks. Meanwhile, the U.S. government shutdown continues to gum up the SECs calendar, delaying several crypto ETF decisions, but that has not stopped issuers. Ark Invest is teeing up more Bitcoin (BTC) products, including yield focused variants, and Volatility Shares filed for 3x and 5x leveraged crypto ETFs across names like Ethereum (ETH), Solana, and XRP, a bold bet on demand even as approvals sit in limbo. Adding a macro wrinkle, Bitcoin and gold have been moving in lockstep, with correlation surging as investors crowd into perceived stores of value. Institutional plumbing kept getting denser. Coinbase took a strategic stake in Indias CoinDCX at a 2.45 billion dollar valuation, a move aimed at deepening its footprint across India and the Middle East while signaling confidence in compliant growth in those markets. In Africa, Ripple struck a deal with Absa Bank to roll out institutional crypto custody, broadening XRPs enterprise reach on the continent. New York City threw a local assist: Mayor Eric Adams created an Office of Digital Assets and Blockchain to grease the skids between industry and government, pitching NYC as a home for rule following builders before his term winds down. Banks and tokenization were busy, too. Societe Generale FORGE and Bitpanda are bringing MiCA compliant EURCV and USDCV to European retail, designed for DeFi use cases like lending and borrowing. French bank ODDO BHF launched EUROD, a euro backed stablecoin that signals traditional finance is not content sitting on the sidelines. In Asia, CMB International tokenized a 3.8 billion dollar money market fund on BNB Chain, aiming for 24 by 7 settlement and broader access to cash like yields. And in the U.S., Figure rolled out YLDS on Sui (SUI), an SEC registered yield token backed by Treasurys, pitching a regulated path to bring real world yields into DeFi. Exchanges are blurring lines in a way that would have sounded impossible a year ago. Coinbase added Binance Coin (BNB) to its listing roadmap, a pragmatic nod to where volume and interoperability are heading, and a fresh data point in the ongoing debate over listing fees and fairness. The banking backdrop shifted as well. Crypto focused Erebor Bank, backed by Peter Thiel and others, received conditional approval for a national bank charter from the OCC, a notable green light under President Trumps administration for a lender serving crypto and AI firms. Not to be outdone, Sony Bank, via Connectia Trust, applied for a U.S. national charter to issue stablecoins and offer crypto custody, bringing a consumer tech giant squarely into the regulated arena. On the tape, Ethereum (ETH) led with a vigorous rebound, powered by a supply squeeze as more than 40 percent of Ether sits locked and institutions reportedly added 330 million dollars. That combination puts fresh highs back into the conversation if momentum holds. XRP clung to the 2.40 to 2.50 range after whipsaw action, with derivatives implying calmer waters and technicians eyeing a push toward 2.65 if support levels firm up. Bitcoin (BTC) steadied after the flush, even as the gold linkage raises questions about whether it is behaving more like a risk hedge than a risk asset in this macro phase. Not everything was buttoned up. Paxos briefly minted and then burned an eye popping 300 trillion PYUSD on Ethereum, a short lived anomaly that raised eyebrows about operational safeguards, even if balances normalized quickly. And in the courtroom to telegram pipeline, Sam Bankman Fried alleged his 2022 arrest was politically motivated after he began donating to Republicans, a claim that adds fresh heat to the already charged intersection of policy and crypto. If there is a theme tonight, it is convergence. Policy hints out of the Fed, banks building stablecoin rails, tokenized funds crossing chains, and blue chip issuers jockeying for ETF share all point to a market maturing through volatility. Watch for whether the shutdown overhang lifts and the SECs docket clears, whether ETHs supply dynamics keep driving bids, and whether cross chain listings like BNB on Coinbase spark the next leg of interoperability. For now, the lights are still very much on.
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📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
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