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Bitcoin holds on to $69K as Fed leaves rates unchanged
Bitcoin holds on to $69K as Fed leaves rates unchanged

The Fed’s anticipated decision left bitcoin relatively unchanged after a cooler-than-expected CPI report

Blockworks·2024/06/12 22:13
Bitcoin treasury strategies proliferate in a high-inflation world
Bitcoin treasury strategies proliferate in a high-inflation world

The number of companies buying BTC is likely to go up “as inflation continues to erode the purchasing power of cash,” analyst says

Blockworks·2024/06/12 21:46
Flash
  • 06:07
    Federal Reserve's Goolsbee: Due to economic uncertainty, the next rate cut may take longer than expected
    According to the Financial Times of UK: The Federal Reserve's Goolsbee warns that due to economic uncertainty, the next rate cut may take longer than expected. He stated that he believes borrowing costs will "significantly reduce" within the next 12 to 18 months. If investors' expectations begin to align with those of American households, the Federal Reserve will need to take action.
  • 06:05
    Custodia collaborates with Vantage Bank to launch the "first bank-issued stablecoin"
    Custodia Bank has collaborated with Vantage Bank to complete what the two companies call "the first stablecoin issued by a bank in the United States" on a permissionless blockchain. On March 25, Custodia stated that it had tokenized US dollar current deposits and promoted the issuance, transfer, and exchange of the stablecoin "Avit" on Ethereum through the ERC-20 token standard. Custodia added: "A new US dollar payment channel has now been launched within the US banking system." Caitlin Long, CEO of Custodia said: “We have made breakthroughs in legal/regulatory aspects, proving that U.S. banks can cooperate to tokenize demand deposits on a permissionless blockchain in a regulatory-compliant manner."
  • 05:55
    ETF Expert Comments on Ripple Case Conclusion: Approval of XRP ETF is Only a Matter of Time
    News on March 26, The ETF Store President Nate Geraci stated on social media that the end of the Ripple case means that the approval of a spot XRPETF is apparently only a matter of time. It is expected that BlackRock, Fidelity and others will participate in it. XRP is currently the third largest non-stablecoin cryptocurrency by market value. The largest ETF issuers will not ignore this point. Previous news reported that Ripple agreed to give up cross-appeals, and the US SEC will retain $50 million out of a $125 million fine.
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