Soft U.S. jobs numbers released Friday cemented the case for an imminent Fed rate cut and provided what turned out to be only a brief jolt higher to crypto markets.
The soft numbers not only cement the case for a Fed rate cut later this month, but likely put a 50 basis point move on the table versus the previously expected 25.
The Fed chair, perhaps surprisingly, took a dovish tone in his remarks at Jackson Hole.
The crypto rally continues to quickly reverse course just two days after bitcoin surged to a new record and ether soared to a five-year high.
While inflation remains stubbornly high, Tuesday's CPI report reinforced market bets for a September Federal Reserve rate cut.
Five years after going all-in on bitcoin, Strategy’s aggressive treasury strategy delivers outsized gains and reshapes corporate bitcoin adoption.
At the same time, bitcoin is seeing flattish price action, pushing the ETH/BTC ratio to nearly its highest level of the year.
Bitcoin and stocks are at session lows late in U.S. afternoon trade on Friday.
In addition to the weak July number, June's and May's originally reported strong job growth were revised sharply lower.
The Fed Chair appeared as dug in as ever to his insistence that the central bank stands firmly in blocking the Trump tariffs from igniting inflation.
A preview of a White House report on digital assets makes further recommendations to areas already in motion within the Clarity Act to oversee crypto markets and the GENIUS Act for stablecoins.
The decision allows authorized participants to create and redeem ETF shares directly in BTC or ETH, rather than having to use cash.
The firm days ago sold nearly $2.5 billion of its new preferred series, dubbed STRC or "stretch," and quickly deployed the funds into BTC.
The Senate's stablecoin bill's issues may delay work on the far more important market structure legislation.
Sam Bankman-Fried's lawyers have pushed back against the U.S. government's sentencing memo which makes the case for why it thinks the former FTX CEO should be handed a sentence in the range of 40-50 years, a court filing on Wednesday shows.
Sam Bankman-Fried's defense team pushed back against what it called the "disturbing" sentencing memorandum filed by the Department of Justice last week in a new letter, saying the DOJ was making the FTX founder out to be someone he was not.
The rally continued Wednesday as the spot ETFs continued to see massive inflows of fresh money.
Over $100 billion is now stashed in gold ETFs that trade in the U.S., the world's largest capital market. Will bitcoin ETFs grow to this size?
Prometheum Inc., with the latest regulatory notch on its belt, is about to finally test whether a viable crypto platform can operate entirely within U.S. Securities and Exchange Commission (SEC) regulations.
In the historic auction house's first-ever sale of the Ordinals inscriptions known as "NFTs on Bitcoin," a batch of three pixelated images from a mushroom-themed collection drew about $450,000, or roughly five times the highest estimates.
BTC just hit $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are buying.
Rep. Patrick McHenry (R-N.C.), arguably the crypto industry's most important advocate in the U.S. Congress, has decided not to seek another term, sources told Politico on Tuesday.
Bankman-Fried may have been convicted, but The Bahamas appears to be dealing with the stigma of rolling out a red carpet for FTX.