🇺🇸 SUMMARY OF FED DECISION (9/18/24):
1. Fed cuts interest rates by 50 bps for first time since 2020
2. Fed sees 2 more 25 basis point rate cuts in 2024
3. One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
4. Fed gained "greater confidence" that inflation is moving to 2%
5. Fed will "carefully asses incoming data" and evolve outlook
6. Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
@Fin_Watch
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🔥 BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 50bps for the first time in 4 years.
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🔥 BREAKING: WisdomTree launches RWA tokenisation platform on #Ethereum 💰 for businesses and institutions.
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BREAKING: 💰 #Bitcoin on exchanges hit a multi year low while hashrate just hit a new ATH
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⚡️ JUST IN : Revolut, a popular Financial Tech Company, is reportedly in the process of developing its own #Stablecoin.
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🔥🔥 BREAKING: BNBChain 💰 has announced a partnership with major centralized exchanges (#CEXs) and other platforms to facilitate gasless stablecoin transfers.
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🔥 BREAKING: MicroStrategy increased its capital raising by an extra +$175m.
It will now raise $875 million to buy more #Bitcoin🥇 and potentially raise another $135m within two weeks.
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Andrew Tate: Why would you buy real estate when you can buy Bitcoin💰?
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🔥 JUST IN : SkyBridge Capital founder Anthony Scaramucci predicts #Bitcoin💰 will reach $100,000 by the end of 2024, citing expected U.S. interest-rate cuts and positive crypto legislation.
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🚨🚨 CFTC Chair Rostin Behnam issues warning to #Polymarket and others offering derivatives contracts to US 🇺🇸 customers, enforcement actions to follow.
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🚨🚨 JUST IN : House Republicans demand SEC clarity on Crypto Airdrops.
Tom Emmer and Patrick McHenry question SEC's classification of #Airdrops as "unregistered securities" and request response from Chair Gary Gensler by September 30.
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NEW: 💰 $270B Asset Manager Ric Edelman explains how Bitcoin can hit $420,000 with just 1% of global wealth being allocated into $BTC
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🔥 BREAKING: BlackRock and Microsoft set to launch a $30 billion artificial intelligence investment fund.
@News_AI
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💰 Bloomberg says "Bitcoin is ripping" ahead of the Fed potentially cutting rates tomorrow for the first time in 4 years 🚀
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⚡️ JUST IN: 🇺🇸 Pro-Bitcoin 💰 US Congressman Tom Emmer says government is scared of decentralization because "it restores what this country was built on" 👀
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🚨🚨🚨 JUST IN : #Ethena $ENA front end compromised, team urges users to disconnect wallets and avoid signing transactions as precaution. Funds are safe.
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🔥 JUST IN : Solana 💰 Mainnet-Beta has implemented ZK Compression.
Offering #Solana developers 1000x cost savings, addressing state growth, and laying the groundwork for #ZK compute on the platform.
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🔥 JUST IN : Solana 💰 Mainnet-Beta has implemented ZK Compression.
Offering #Solana developers 1000x cost savings, addressing state growth, and laying the groundwork for #ZK compute on the platform.
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🔥 Bitwise CIO says : It’s cool to hate #Ethereum💰 right now. I bet this ends up looking silly.
Ether prices have struggled in 2024. However, the “Microsoft of blockchains” offers a potential contrarian bet into year-end.
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📊 Market Overview:
BTC : $59995
ETH : $2312.56
BNB : $542.19
SOL : $129.91
⚡ Dominance :
BTC : 54.91 %
ETH : 12.88 %
Stables : 7.16 %
📈 Market Cap :
Total : 2.15T
DeFi : 63.82B
24hr Vol : 93.2B
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💰 Former #Coinbase employees have just launched a new stablecoin-focused exchange called "#TrueX," according to Fortune.
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🔥 BREAKING: Bitget 💰 and Foresight Ventures have just made a $30 million investment into #TON 💰 Network.
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⚡️ JUST IN: Gemini will list #Solana memecoin $WIF 💰 for spot trading.
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💰 Bitget Celebrates Over 45 Million Global Users 💫
Bitget CEO announces significant milestone at anniversary event: 45 million users worldwide, 400% growth since 2023, with strong growth in Africa and South Asia. Trading volume exceeds $10 billion daily, BGB recognized by Forbes.
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⚡️ JUST IN : LayerZero Foundation has unveiled #LZCatalyst, a $300M investment fund to support LayerZero-integrated projects.
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🔥 BREAKING: Google Cloud debuts new “Blockchain RPC” service, compatible with #Ethereum💰 JSON-RPC standard for seamless integration with applications.
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JUST IN: 💰 Bloomberg says "#Bitcoin is ripping" ahead of the Fed potentially cutting rates tomorrow for the first time in 4 years 🚀
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🚨🚨🚨 Token 2049 (Degen Summit) winner of the KOL award “Professor Crypto” deactivates X account following allegations of using thousands of bots by #ZachXBT.
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