Bank of Japan raises interest rates by 25 basis points. Bitcoin tops $77,000
The yen declined and BTC rose after the BOJ hiked rates to the highest level in 31 years. Source:CoinDesk
CFTC expands regulatory relief for passive trading software providers
The US regulator’s move could make it easier for crypto wallets and other apps to offer access to regulated derivatives and prediction markets without…
Bitcoin coils near $76.5K as US stocks rebound from Fed rate hike
Bitcoin made modest daily gains as US stocks saw upside in the aftermath of the US Federal Reserve’s first interestrate hike since July 2023.…
Clarity Act failure may hamper U.S. crypto as industry seeks legal clarity elsewhere
The U.S. is likely to lose out to foreign markets in the short term, but SEC and CFTC rules will help underpin the industry. Source:CoinDesk
Crypto rallies through the Fed's first rate increase since 2023
Bitcoin rose 0.88% over 24 hours to $76,621 as the central bank's projections implied only one further hike. Zcash jumped 23% to a record after Paradigm…
Zcash gains 20% as Paradigm founder reveals firm made ZEC investment
Zcash rose about 20% in 24 hours as Paradigm cofounder Matt Huang disclosed that the firm invested in ZEC amid a broader crypto market rally.…
Bitcoin treasuries buy just 5.9K BTC in three months as paper losses linger
Bitcoin corporate treasuries remained at an unrealized loss on their holdings as the price fell below $80,000 and fresh capital inflows dwindled.…
Bitcoin faces 2022 parallels as federal reserve resumes rate hikes
Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.…
U.S. diesel prices hit record high as bitcoin and gold struggle
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a…
Zcash jumps 23% as bitcoin and major tokens rise despite Fed’s first hike since 2023
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to…
Goldman pivots, now forecasts Fed rate hike in October
The Fed is likely to raise rates by 25 basis points in October, Goldman said, drawing attention to Fed's own hawkish near term rate projections. Source:CoinDesk
Bitcoin absorbs Fed rate hike as officials see more tightening
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of…