Markets are focused on Powell's speech, as six of seven FOMC meetings this year were followed by bitcoin sell-offs, analysts said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin appears pinned near $90,000 ahead of the FOMC, with analysts arguing that Powell’s guidance will dictate crypto’s next major move.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The IMF released a report that campaigns in favor of CBDCs and warns against the risk stablecoins represent, sparking criticism among crypto experts.
The IMF warned that stablecoins could speed up currency substitution in countries with weak monetary systems.
Upcoming U.S. policy changes, 401(k) access, and pro-crypto regulatory momentum create a stronger medium-term backdrop for bitcoin, K33 said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The inflows marked a rebound following a four-week negative streak totaling $5.7 billion, but came ahead of the latest market slump on Monday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Kevin Hassett is at the top of the leaderboard to become the next Fed Chair, according to reporting from Bloomberg.
Not all agree with some recent sentiment that stablecoins pose a threat to global financial stability.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin sits roughly 5% below its 2025 open, and analysts say market positioning points to further downside.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The HKMA has launched the pilot phase of Project Ensemble to test real-value transactions using tokenized deposits and digital assets.
Hopes for a December interest rate cut have dwindled due to growing internal conflict among Federal Reserve officials over the decision.
The negative sentiment was driven by post-liquidity cascade volatility and uncertainty over a U.S. rate cut, James Butterfill said.
Non-systemic stablecoins used primarily for crypto trading, such as USDT and USDC, will remain under FCA oversight without such restrictions.
Stablecoins are an "area of enormous growth," said Fed Governor Stephen Miran as he spoke about cryptocurrency for the first time.
The bank said more than 30 million transactions were not properly monitored, which led to 2,708 late suspicious transaction reports.
The proposals are expected to include temporary caps on stablecoin holdings for both individuals and businesses.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A ruling last week declaring that Custodia is not entitled to a master account is not the end of the road, said a TD Cowen analyst.
Kraken will now allow traders to post crypto collateral in the European Union via its MiFID-regulated derivatives platform.
Investors interpreted Fed Chair Powell's remarks on the likelihood of December rate cuts as hawkish, Head of Research James Butterfill said.