News
South Korea deepens CBDC push - All about the new phase of 'Project Hangang"
2+ hour, 33+ min ago (283+ words) South Korea's CBDC initiative, Project Hangang, is set to advance to a more advanced stage. According to a recent report from ETNews Korean Edition, the country's existing mobile banking and account infrastructure is being integrated with the digital currency system....
How did the crypto-market react to new Fed Chair's first FOMC meeting?
5+ day, 11+ hour ago (464+ words) The Bitcoin [BTC] price has dropped about 4% to $64 K following the hawkish Fed rate decision on the 17th of June. The pullback dragged the entire crypto market lower." Notably, the inaugural decision under the new Fed chair, Kevin Warsh, maintained the…...
Fed keeps rates unchanged, but Warsh's first projections signal fewer cuts ahead
6+ day, 5+ hour ago (461+ words) The Federal Reserve left interest rates unchanged on June 17, but updated economic projections from Chair Kevin Warsh's first policy meeting signaled that borrowing costs could remain elevated for longer than previously expected. The Federal Open Market Committee [FOMC] voted unanimously…...
Bitcoin: Will history repeat after BOJ's highest interest hike in 31 years?
1+ week, 14+ hour ago (435+ words) The Bank of Japan (BOJ) released its new interest rates, the highest since 1995. At the same time, a macro divergence is happening in the global economy across three assets that have been moving together. That is, the global money supply…...
Bitcoin's 48-hour macro test " Will BOJ, Fed push BTC below $60 K?
1+ week, 2+ day ago (500+ words) The next 48 hours could be one of the most volatile periods for risk assets this year, starting Monday." Between the 15th and 16th of June, the Bank of Japan (BOJ) will release its much-anticipated interest rate outlook. This will be followed by…...
May CPI weakens immediate Fed-cut case as Bitcoin traders watch macro outlook
1+ week, 6+ day ago (342+ words) U. S. inflation accelerated again in May, complicating expectations for near-term Federal Reserve rate cuts and putting crypto markets back in focus as traders reassess the macro outlook for Bitcoin and other risk assets. According to the latest Consumer Price Index [CPI]…...
Crypto liquidity weakens as BOJ and FOMC meetings approach - What next?
2+ week, 1+ day ago (479+ words) Is liquidity the factor that will determine crypto's next big move? On the macro side, several major events are lining up just as markets remain stuck in a risk-off phase. At the center of the discussion is the upcoming Bank…...
Strong U. S. jobs data complicates Fed cut hopes as crypto traders watch rates
2+ week, 4+ day ago (395+ words) The U. S. labor market remained resilient in May, potentially reducing pressure on the Federal Reserve to cut interest rates aggressively in the coming months, according to newly released government data. The U. S. economy added 172, 000 nonfarm payroll jobs in May, while the unemployment…...
Decoding Bitcoin's macro risk - Why Fed rate-cut hopes may be misleading
4+ week, 2+ day ago (432+ words) Macro conditions are driving investors" long-term positioning this cycle more than anything else." While the ongoing West Asia crisis continues to weigh on assets, the broader macro volatility had already shaken the market long before that. The October crash, which…...
Fed proposes "skinny" master accounts for crypto firms - Here's why
1+ mon, 2+ day ago (382+ words) The Federal Reserve has formally requested public input on payment accounts, known as "skinny master accounts." Notably, the new accounts would allow fintechs and crypto firms to access the Fed"s payment rails, Fed Now and Fedwire, for faster clearing…...