US consumer price index (CPI) remains sticky: CPI data released on Thursday did not show a further cooling in inflation in the US economy, further muddying the Fed’s decision making on the future interest rate path.
Federal Reserve unable to reach a firm decision on interest rate hikes: Minutes from the Fed’s last meeting show wavering opinions on interest...
Bitcoin and ether have another rollercoaster week: Following a pop early in the week as the US Congress narrowly avoided a government shutdown, bitcoin and ether were up and down, settling around $27.5k USD and $1,600 USD, respectively, by Friday.
Sam Bankman-Fried’s saga continues as trial starts: SBF’s criminal trial began this week in New York City. In...
Bipartisan Group in Congress urges spot Bitcoin ETF approval as SEC punts: Bitcoin saw a mid-week bump as a bipartisan group of Congressmembers urged SEC chair Gensler to immediately approve a Bitcoin ETF. The SEC delayed a number of spot ETF application decisions as a US government shutdown looms. By the end of the week, bitcoin was trending higher, sitting...
Bitcoin has an up-and-down week as Mt. Gox delays repayments: Bitcoin (BTC) started the week off rallying from $26.5k USD to $27.4k USD before paring its gains by Friday. Mt. Gox trustees delayed repayment of more than 140,000 BTC and other cryptos by a year, extending the deadline to October 2024.
Fed holds rates steady as one more hike expected this year: ...
Franklin Templeton enters spot bitcoin ETF race: The asset manager with over a trillion dollars in assets under custody filed an application with the SEC to launch a spot bitcoin ETF, joining Blackrock, ARK Invest, VanEck and others.
Web3 enthusiasts descend on Singapore for Token2049: Some of the largest names in the crypto space spoke at Token2049 this...
Bitcoin edges lower as SEC delays ETF decisions: Following a rush of excitement after Grayscale’s legal win against the SEC last week, bitcoin prices retraced below $26k USD as the SEC delayed its decisions on spot bitcoin ETF applications as expected.
Spot ether ETF applications filed: ARK Invest and VanEck filed applications to launch a spot ether ETF...
Grayscale ETF ruling boosts BTC: A U.S.Court of Appeals ruled in favor of Grayscale in their lawsuit against the SEC, which challenged the agency’s denial of an application to convert Grayscale Bitcoin Trust (GBTC) to an ETF. GBTC is currently the largest Bitcoin fund with over $16.3 billion USD in AUM. The ruling led to higher prices for BTC.
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Prices stabilize following last week’s drop: After losing over 10% and almost hitting FWB:25K USD, bitcoin (BTC) gradually pared some losses to regain $26k this week as prices stabilized. Ether (ETH) received a boost from reports that the SEC might be preparing to approve an ETH futures ETF.
New Friend.tech platform makes waves in crypto world: ...
Crypto prices tumble as negative news and liquidations hit market: Bitcoin moved sharply lower this week, dipping well below recent ranges, nearly hitting FWB:25K USD on Thursday before somewhat bouncing back. The downward price action followed a build up of negative news, including a report of large sales of BTC by SpaceX, the bankruptcy of Chinese...
What Happened This Week? Bitcoin $BTC and ether $ETH hit 2023 highs this week, as the Fed raised interest rates but signaled a coming pause given continued banking woes.
Takeaways: Banking woes continued as UBS bought rival Swiss bank Credit Suisse to stem a brewing crisis. In a coordinated action, the Federal Reserve and other central banks increased...
The crypto markets move quickly. This is an excerpt from our Weekly Market Update which was originally posted on Friday at 12PM ET. You can view it here or read below.
What Happened This Week?
Takeaways: A lot happened over the past 10 days! Three banks failed within a week of each other, pushing the Federal Reserve to guarantee customer deposits across the...
