Solid Intel 🛰
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Solid Finance & Crypto Intel news channel to keep you updated regarding all important market updates

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INTEL: CLARITY ACT IS ON TRACK TO FAIL PROCEDURAL HURDLE IN SENATE

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INTEL: CLARITY ACT DOES NOT GET REQUIRED 60 VOTES TO ADVANCE TO NEXT STAGE

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INTEL: Von der Leyen proposes Canada become the EU’s first associate member

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INTEL: Stand With Crypto says senators who voted against the CLARITY Act will be marked on its lawmaker scorecards ahead of November’s midterms

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INTEL: Two crypto bills are in Congress today

One would eliminate capital gains tax on crypto transactions of $10 or less

The other would require federal Bitcoin holdings to stay in reserve for at least 20 years

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INTEL: €1.9 trillion Deutsche Bank announces plans to launch Bitcoin and crypto custody for institutional and corporate clients later this year

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INTEL: US retail sales rose 1.2% in August, beating the 0.8% forecast and reversing July’s decline

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INTEL: Bernstein expects the SEC and CFTC to move “aggressively and swiftly” on crypto rules after the CLARITY Act failed to advance

Stablecoin rewards on idle balances can continue unchanged

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INTEL: Circle launched the Arc mainnet with BlackRock, Visa, Mastercard, DTCC and Standard Chartered among its founding validators

More than 100 applications and institutions are live on the network at launch

Circle also minted 10B ARC tokens at genesis, but says this does not confirm a public token launch


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INTEL: CFTC Chair Michael Selig says the agency will move ahead with crypto market rules using existing authority after the CLARITY Act failed in the Senate

“The CFTC is locked in and ready to ship its rules for the new frontier of finance.”

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INTEL: SEC Chair Paul Atkins says Crypto regulatory clarity is coming “with or without” CLARITY Act

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INTEL: House panel approves first federal crypto tax framework after Senate CLARITY Act setback

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INTEL: FED HIKES INTEREST RATE 25BPS

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Solid Intel 🛰
INTEL: FED HIKES INTEREST RATE 25BPS Twitter
INTEL: Fed says its policy action will support a timelier return to the 2% inflation goal, with officials voting unanimously 12-0

The statement also drops the reference to supply shocks driving inflation and replaces “Middle East conflict” with broader “geopolitical developments”

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INTEL: Fed Chair Warsh says the FOMC is not yet confident underlying inflation is moving back to 2%

Asked about further hikes, Warsh says he is not in the forward guidance business

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INTEL: Fed Chair Warsh says the economy has strengthened, but inflation remains the problem

He says higher bond yields reflect economic strength, competition for capital from the capex surge and geopolitics

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INTEL: US House Committee advances bill to establish a Strategic Bitcoin Reserve

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INTEL: Strive executive sees “explosive bull market” ahead for Bitcoin

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INTEL: $BTC is still just 0.5% of global financial assets

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INTEL: Quantum isn't the real threat to Bitcoin, the migration is. Ledger CTO breaks down why the hard part of SHRINCS isn't the crypto, it's the wallet migration.

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