Bitcoin and ether whipsawed as the Federal Reserve delivered its first rate hike in more than three years.
Bitget analyst Lewis Huang noted the divergence between headline inflation accelerating on energy while core inflation continues to ease.
The odds of a September Fed rate hike returned to around 60% following Friday's jobs report, with U.S. inflation data due later this week.
Crypto and related stocks like Strategy rallied as bitcoin topped $80,000 and Fed rate expectations remained split.
Bitcoin has held up despite higher oil prices and growing expectations for a September Fed rate hike, with Friday's jobs report next in focus.
Bitcoin fell under $64,000 after July CPI matched forecasts at 3.4%, with analysts saying the in-line print keeps the Fed patient.
Bitcoin topped $65,000 after U.S. payrolls fell 23,000 in July versus an 80,000 forecast, pushing traders to price out a September Fed rate hike.
Bitcoin topped $65,000 after U.S. payrolls fell 23,000 in July versus an 80,000 forecast, pushing traders to price out a September Fed rate hike.
The Fed said Middle East-driven energy shocks are keeping inflation above its 2% target, as it keeps it rate range steady.
Anchorage Digital says the Fed's proposed payment account that would give some crypto companies access to the central bank doesn't work.
The OCC has granted conditional approval to several stablecoin-focused entities since December.
The ECB selected 36 payment providers to test a beta digital euro in a yearlong pilot beginning in late 2027.
The 21st Century ROAD to Housing Act, which includes a provision that bans the Fed from issuing a CBDC, has become law.
As the Fed considers granting firms access to "skinny" accounts, lawmakers debated how much access those companies should have.
The Bank of England proposed a £40 billion systemic stablecoin issuance guardrail and revised backing assets, targeting a 2027 launch.
The Fed rolled out a rule requiring stablecoin issuers to have a program in place to identify customers to combat illicit finance.
Most major cryptocurrencies fell between 1% and 3% following the decision, with bitcoin dropping to $64,150.
K33 said stabilizing conditions and trading activity falling back to yearly lows reflect a market where holders are reluctant to sell.
Lawmakers are set to debate several cryptocurrency tax bills amid growing questions over how tax rules should apply to digital assets.
The Hong Kong Monetary Authority announced the formation of an expert group to advance the development of tokenized bonds.
A group of Senate Republicans is pressing key financial regulatory agencies to clarify capital standards for digital assets.
A UK House of Lords committee warned that Britain lags the U.S. and the EU on stablecoins, calling on the BoE and FCA to revise rules.
Isabel Schnabel, an ECB board member, said Monday that central banks should respond to stablecoin risks with strong regulation and CBDCs.
During a Thursday press briefing, Bessent also urged the House and the Senate to get the Clarity Act to the finish line.
Project Agorá found tokenization could improve wholesale cross-border payments through atomic settlement across multiple jurisdictions.
Trump signed an order on Tuesday requesting the Fed to review and update regulations to integrate digital assets into traditional systems.
The central bank plans to publish draft rules for systemic sterling stablecoins next month and finalize them by the end of this year.
The order urged the federal government to remove regulations that may be 'overly burdensome' to fintech innovation.
Zerohash Europe is the first firm licensed under Europe’s flagship MiCA crypto regulation to also hold full EMI status.
UK regulators seek industry feedback on tokenized securities, collateral, and settlement infrastructure with a July 3 deadline.