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Top #CryptoNews of This Week

1️⃣ SEC allowed spot
#ETH #ETF issuers to start trading on July 23.

2️⃣
#MtGox poll shows 55% will not sell Bitcoin compensation received.

3️⃣Trump’s
#Bitcoin conference expected record attendance; security tightened after assassination attempt.

4️⃣
#Trump announced fourth NFT release, urged Fed to avoid rate cuts before November.

5️⃣Powell stated
#Fed won’t wait for 2% inflation before cutting rates.

6️⃣
#Vitalik opposes choosing political allies based solely on crypto support.

7️⃣a16z’s Marc Andreessen backed Trump, criticizing
#Biden’s overregulation stance.

8️⃣
#BlackRock’s Larry Fink declared Bitcoin a legitimate financial instrument.

9️⃣
#Grayscale launched Decentralized AI Fund to invest in #AI and #crypto.

🔟Indian exchange
#WazirX hacked; losses exceed $230 million with significant asset theft.
Top #CryptoNews in past 12 hours

1️⃣The
#Fed's August 1 Interest rate decision has a 96% chance of no change, 85.8% cut probability as per CME markets Data

2️⃣
#Blonkfi closed its Pre-Seed round with UOB Venture Management and Signum Capital. The testnet was set for August 1.

3️⃣Last week,
#Bitcoin spot #ETFs had $535M inflows. BlackRock gained $758M; Grayscale lost $120M.

4️⃣ UK hacker Elliot Gunton, who compromised 500 Coinbase accounts, was sentenced to 3.5 years.

5️⃣Last week, digital assets had $245M inflows; Bitcoin gained $519M,
#Ethereum lost $285M.

6️⃣ The Ethereum Foundation transferred $9.16M in TKO tokens to Bitcoin Suisse after Taiko’s mainnet launch.

7️⃣
#ElonMusk criticized Democrats for "importing voters" and endorsed Trump amid immigration policy debates.
BREAKING👇

The
#FED announced no rate hike and will keep the terminal rate at 5.25%–5.50%.

#FOMC #Powell #CryptoNews
Key Events to Watch in #Crypto This Month

🟡1 Aug 2024 : #FED Chair Jerome Powell Holds a Monetary policy Press Conference

🟡2 Aug 2024: US July #Unemployment Rate

🟡13 Aug 2024: US July #PPI (8:30 A.M. Eastern Time)

🟡14 Aug 2024 : US July #CPI (8:30 A.M. Eastern Time)

🟡16 Aug 2024: #FTX Consumer Voting Deadline

🟡19 Aug to 21 Aug 2024: #Web3 Summit berlin 2024
BREAKING : July's Producer Price Index (#PPI) came in below expectations, increasing by just +0.1% MoM instead of the anticipated +0.2% (+2.2% YoY vs +2.3% YoY).

🔵This outcome boosts the
#FED's confidence that inflation is easing, reinforcing the argument for potential rate cuts.

🔵Attention now shifts to tomorrow's
#CPI report! (Scheduled at 8:30 A.M. Eastern Time)

Source: https://www.bls.gov/news.release/ppi.nr0.htm

#Crypto #CryptoNews
Do you think the Federal Reserve will cut interest rates in September? #FED #Crypto
Anonymous Poll
100%
🟢YES🟢
0%
🔴NO🔴
💥It’s been a great week for economic data!💥

#PPI (YoY): 2.2%, better than the 2.3% forecast

#CPI (YoY): 2.9%, just under the 3.0% estimate

#Retail Sales (MoM): +1.0%, smashing the 0.4% expectation

Weekly
#JoblessClaims: 227K, lower than the 236K predicted

Are rate cuts on the horizon? 📉👀

#Fed #crypto #CryptoNews
🚨 𝐂𝐫𝐲𝐩𝐭𝐨 𝐇𝐨𝐥𝐝𝐞𝐫𝐬, 𝐀𝐥𝐞𝐫𝐭! 😱

Only half a day left for the rate cut decision!

The market expects a 65% chance of a 50 BPS rate cut!

But usually, the #FED starts with a 25 BPS cut—except for:

🔻 2001 (dot-com crash) 🔻 2007 (Great Financial Crisis)

Both times, #CPI was under 3% and unemployment was over 4%.

If the FED delays a recession with QE and rate cuts, we could see a huge #crypto bull run 🚀.

If not, a recession might hit by Q1, which could hurt the market.


💬 How do you think this will affect #Bitcoin and #cryptomarket? Share your thoughts!

Source: https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html
How Will a #Fed Rate Cut Influence the Crypto Market?

A 0.25% cut might not do much, but a 0.50% or 0.75% rate slash could flood the markets with liquidity and push #Crypto prices to new highs.

Will #Bitcoin take the lead?

No Rate Change or a Big Cut?
Crypto Investors Are Holding Their Breath!

#CoinPedia #cryptomarket #FOMC
Just In: 🇺🇸 Federal Reserve cuts interest rates by 50BPS

#cryptomarket #cryptonews #Fed
Key Events This Week In #Crypto

🔵September 26 ( Thursday) : US GDP Q2

🔵September 26 ( Thursday) :
#Fed Chair Speech

🔵September 29 (Sunday) :
#CZ's Release from Prison

#Cryptomarket #Cryptonews #BNB #Binance