The U.S. Federal Reserve is set to convene its monthly Federal Open Market Committee (FOMC) meeting to evaluate the state of the economy and determine if the central bank should adjust the federal funds rate. The prevailing market sentiment suggests that the FOMC members are likely to maintain the current rate this week, with a […] Source: https://news.bitcoin.com/all-eyes-on-the-fed-steady-rates-anticipated-september-reduction-likely/
In a surprising move, Sony Group (NYSE:SONY) has announced its entry into the cryptocurrency trading business. Known for its dominance in electronics, gaming consoles, movies, and music, Sony’s pivot to cryptocurrency trading raises questions about the motivations behind this strategic shift and its potential impact on the broader crypto sector. Revamping Whalefin Exchange Sony plans to overhaul the “Whalefin” exchange…
ETH price failed to crack the $3,400 resistance level, as spot Ethereum ETFs are seeing more outflows largely due to Grayscale. Source: https://cointelegraph.com/news/why-is-eth-demand-lacking-post-ethereum-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
In brief DraftKings is ending its Reignmakers NFT fantasy sports experience and marketplace. Users can receive a cash payout for relinquishing the NFTs. The move follows legal developments in a class action lawsuit in Massachusetts federal court. The fantasy sports giant DraftKings informed users Tuesday that its Polygon-powered NFT experience Reignmakers has met an unceremonious end, effective immediately. Citing “recent…
The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from. Source: https://cointelegraph.com/news/wemix-suspends-lending-stablecoin-issues?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance’s head of VIP & Institutional views the U.S. discussion on a national bitcoin reserve as a positive sign for the crypto market. The executive notes the growing recognition of bitcoin by politicians and industry leaders, anticipating greater regulatory clarity. She stressed the importance of politicians and industry leaders explicitly acknowledging bitcoin’s value in the […] Source: https://news.bitcoin.com/binance-executive-discusses-impact-of-us-government-potentially-holding-bitcoin-as-strategic-reserve/
Polymarket, the popular crypto prediction market, announced yesterday that it has launched “Polymarket Embeds” in partnership with the publishing platform Substack, as well as starting its own Substack publication called “The Oracle.” The integration allows Substack writers to embed Polymarket market wagers into their posts, which display live results. Writers covering the Paris Olympics, for example, can include markets relating…
In brief Rep. Wiley Nickel (D-NC) believes that Kamala Harris will adopt a “balanced” approach to the crypto industry if elected President. Nickel, along with other Democrats, has actively urged the Harris campaign and the Democratic National Committee (DNC) to adopt pro-crypto measures. Nickel expressed doubt about former President Trump’s commitment to the crypto industry, criticizing his past lack of…
Bitcoin mining is often perceived merely as a digital gold rush, yet it is an advanced technological and energy-integrative industry. In a recent discussion with Roundtable anchor Rob Nelson, and Robert Samuels, Vice President of Investor Relations at Marathon Digital Holdings Inc. (NASDAQ:MARA), it was revealed that bitcoin mining is not just a tech sector play but a transformative force…
Bitcoin leveraged positions increased over the past week, and a portion of these late longs have been wiped out as BTC price dropped closer to $65,000. Source: https://cointelegraph.com/news/bitcoin-late-longs-washed-out-as-btc-price-falls-to-65k?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
