JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […] Source: https://news.bitcoin.com/jpmorgan-forecasts-50bps-rate-cut-in-november-following-recent-fed-move/
According to information from the Salvadoran Ministry of Foreign Affairs, Compass Coffee, a U.S.-based coffee company, has completed an international purchase of Salvadoran coffee using bitcoin. Jorge Cruz, the Salvadoran counterpart in this transaction, explained that he received the payment in less than 10 minutes, bypassing the need for intermediaries in these deals. Salvadoran Coffee […] Source: https://news.bitcoin.com/us-company-settles-salvadoran-coffee-purchase-with-bitcoin/
The U.S. Securities and Exchange Commission (SEC) has granted approval for the listing and trading of options on the Ishares Bitcoin Trust (IBIT), a product by Blackrock. This decision introduces a new financial instrument aimed at providing investors with the ability to hedge and manage risk associated with bitcoin exposure. These options will be physically […] Source: https://news.bitcoin.com/blackrocks-ishares-bitcoin-options-get-the-sec-green-light/
Regulating and speeding up payments without a CBDC are more important to the Canadian central bank. Source: https://cointelegraph.com/news/bank-canada-halts-retail-cbdc-focuses-payment-systems?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Monetary losses from the BingX hack were initially reported as totaling $26 million, but the figure has since swelled to $52 million. Source: https://cointelegraph.com/news/bing-x-confirms-resumption-withdrawal-services?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
SOL price bounced off the $120 support multiple times since April, leading traders to believe that the current market recovery will lead to an explosive rally. Source: https://cointelegraph.com/news/solana-prepares-for-possible-sizable-move-after-defending-120-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect […] Source: https://news.bitcoin.com/golds-bull-rally-continues-as-interest-rates-gets-deep-cuts/
The SEC notice seemed to be an industry first after the commission approved the listing and trading of spot Bitcoin exchange-traded funds on US exchanges in January. Source: https://cointelegraph.com/news/sec-options-blackrock-spot-bitcoin-etf?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Stablecoin issuer Circle is moving forward with its public offering debut and plans to shift its headquarters to Wall Street in 2025. Source: https://cointelegraph.com/news/crypto-biz-circle-prepares-debut-wall-street?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Easier cross-chain transferability for RWAs is crucial to institutional adoption, executives say. Source: https://cointelegraph.com/news/securitize-adds-wormhole-multi-chain-rwa-tokens?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
