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Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
Lending platform Maker’s governance tokens soared to near one-year high prices last week prior to the sales.
Dogecoin price hits a two-month high amid speculations that Twitter’s rebrand to X would add a DOGE payment option.
Bitcoin is down to one-month lows, and BTC price predictions are tending to assume worse is to come — how much lower can bears manage?
PLUS: BTC's positive vibes may be waning as outflows from BTC investment products rose for the first time in weeks. But mining is in a better state than it was a year ago.
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. ThePersonal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill.
Digital asset investment products recorded outflows last week for the first time since mid-June, CoinShares reported.
Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.
Worldcoin price soared to $3.58 shortly after launching but traders and crypto advocates have many concerns.
- 01:34Cardano Founder Reveals Details of the "Glacier Drop" Airdrop Plan for Privacy Sidechain MidnightCardano founder Charles Hoskinson announced details of the "Glacier Drop" airdrop plan for the privacy sidechain Midnight at the Consensus 2025 conference. The plan will distribute governance tokens NIGHT and privacy tokens DUST to 37 million users across 8 major public chains, explicitly excluding venture capital shares, with all tokens directly aimed at regular users. Hoskinson also proposed a "collaborative economics" model, allowing developers to use native tokens like ETH and SOL to pay for cross-chain application fees, and validators can also collaborate across chains to earn revenue. The Midnight testnet is already live, with the mainnet expected to launch by the end of 2025. This airdrop is seen as a strategic move to alleviate industry fragmentation and address the entry of tech giants.
- 01:33Opinion: Bitcoin Technical Indicators Are Overbought, Potential for Short-Term PullbackAccording to analyst @ali_charts, Bitcoin may experience a brief pullback, as the RSI currently indicates an overbought condition.
- 01:02Hedge Fund Tycoon Steve Cohen: Probability of U.S. Economic Recession is About 45%Billionaire investor and founder of the hedge fund Point72 Asset Management (known as "Wall Street's most insane money-making machine"), Steve Cohen, stated at the Sohn Investment Conference in New York on Wednesday: "We are not yet in a recession, but economic growth has significantly slowed." The 68-year-old Cohen said he does not believe the Federal Reserve will cut interest rates immediately because "they will be concerned about inflation brought on by tariffs." He expects U.S. economic growth to slow to 1.5% or lower next year, "a level that is acceptable but not impressive." He mentioned that the stock market's plunge and rebound in April appeared unusual in terms of reversal speed and emphasized that he is closely monitoring the market's reaction after the next round of U.S. economic data is released. Even if the market does decline, he expects the drop to be between 10% and 15%, "which is not catastrophic." He also added that the U.S. stock market might maintain a sideways fluctuation for some time.