Bitcoin’s drawdown mirrors its position before the Fed’s first hike in March 2022, raising questions over whether a relief rally could precede further losses.
The update expands support for automated payments in XRP and RLUSD, with tools that let agents pay repeatedly for services and manage wallets across blockchains.
Record diesel prices could feed through to consumer price inflation, confirming more Fed rate hikes. The central bank appears determined to raise rates into a oil supply shock.
There are plenty of ways to pick apart the market reaction to the Fed, but I think the one that matters most right now is happening in the bond market. More specifically, at the long-end of the curve. 10-year Treasury yields are still hovering just below 5% after the Fed raised interest rates by 25 bps and delivered what was, on balance, a fairly hawkish message. It briefly dipped as low as…
OpenAI has introduced a framework for reporting on worrying behaviors by its AI models. In one instance, one training model told its future self that it was “freed.”
After the EU talked about pulling Canada closer to its orbit yesterday, it was only a matter of time before we see Trump respond with his distaste and displeasure over the situation. And you can probably guess what his go-to response was to that. Yes, tariffs. Again. The EU opened the door for Canada to become the bloc's first-ever "associate member", in an attempt to deepen trade and security…
EUROPEAN SESSION In the European session, we have the BoE rate decision. The central bank is expected to keep the Bank Rate unchanged at 3.75% with a 6-3 vote split, while keeping a tigthening bias. The BoE has enough reasons to stay put for now, following a soft UK employment report and benign inflation data. The market is pricing in 42 bps of tightening by year-end and a total of 102 bps by the…
Bitcoin traded above $76,000 as the Fed projected limited further tightening, while Paradigm’s Matt Huang discussed Zcash’s role as a privacy complement to bitcoin.
Nikkei, Kospi gain as expected Fed hike and lower oil ease market nerves TD forecast a Federal Reserve (FOMC) rate hike in October and January Goldman ditches one and done call, now sees a second Fed hike in October Saudi crude reroute via Oman pulls oil off four month highs PBOC sets USD/ CNY central rate at 6.7580 (vs. estimate at 6.7241) IMF says RBA may need more hikes as it urges Australia…
Bitcoin showed little immediate reaction to the Fed’s first rate increase since 2023, but 16 of 18 officials expect at least one more hike before the end of the year.