Category: crypto

The Federal Reserve’s interest rate cut of 0.25% was accompanied by Chair Jerome Powell’s warning that further easing may not happen this year. This unexpected message caused the Dow Jones to reverse gains and triggered a sharp decline in the crypto market, led by Bitcoin. Stocks and cryptocurrencies tumbled as investors reacted to Powell’s comments.

Regulatory divergence between the U.S. and the EU is accelerating, with Tether being banned in the EU. Each EU country interprets MiCA differently, causing inconsistency. Europe’s leadership in crypto regulation is slipping as the U.S. moves faster. Overregulation in the EU is slowing innovation, benefiting other countries like the U.S.

Investors are turning to gold and crypto due to concerns about increasing government debt and currency debasement, according to BlackRock CEO Larry Fink. Fink stated that both gold and crypto are seen as assets of fear amid ongoing macroeconomic uncertainty, with the U.S. facing potential issues if foreign investors begin selling U.S. treasuries.

Oracle has announced the launch of Digital Assets Data Nexus in 2026, aiming to help banks and financial institutions access crypto and asset tokenization. The platform will utilize Oracle Blockchain and Oracle AI Database 26ai to provide features like multi-ledger infrastructure, smart contracts, and security to streamline digital asset adoption.

Securitize plans to list on Nasdaq with a $1.25 billion valuation through a SPAC deal. The company aims to tokenize its equity post-listing, merging traditional markets with blockchain. Key investors like BlackRock and ARK Invest will retain their stakes in the new entity. This move reflects a growing interest in tokenized securities.

Vladislav Ginzburg, CEO of OneSource, believes blockchain gaming is moving beyond hype. While past promises of player-owned economies and interoperable universes fell short, serious efforts are now focused on infrastructure. Blockchain gaming is growing, with potential to address issues like aggressive monetization and preserving access to older games.

Figment and Coinbase have partnered to expand institutional staking solutions beyond Ethereum, aiming to support various other Proof-of-Stake networks. The collaboration will allow clients to access Figment’s staking services through Coinbase Prime’s institutional-grade controls and secure custody, enhancing flexibility and security for institutional investors in the crypto market.

Western Union is launching a stablecoin called USDPT on the Solana blockchain, using Anchorage Digital Bank for issuance. The goal is to merge fast settlement with real-world cash access by providing a Digital Asset Network. The network aims to solve the “last mile” problem in transferring money and offers users the ability to convert USDPT…

Polymarket is planning to disrupt the U.S. sports betting market with its return in November. The prediction platform aims to challenge traditional online gambling platforms, focusing on high-volume sporting events like the NFL and NBA. Stocks of Flutter and DraftKings fell after news of Polymarket’s return, indicating potential market disruption.

Wall Street was upbeat on Tuesday, with the Dow Jones rising over 150 points and S&P 500 and Nasdaq hitting record highs due to positive news from Nvidia and a Microsoft-OpenAI deal. Investors are optimistic ahead of the Federal Reserve interest rate decision in October, with tech stocks leading the gains.