Key Takeaways Bank of America forecasts three 25-basis-point Fed hikes in September, October, and December of this year. BofA Economist Aditya Bhave believes the Fed’s inflation problem has gotten “unambiguously worse” over the last couple of years. The projected hikes would lift the federal funds rate to 4.25%-4.5%, a headwind for crypto. A Sharp Reversal…
Commodity Futures Trading Commission (CFTC) Chair Michael Selig on Tuesday acknowledged fundamental differences in the traditional commodity markets it has long regulated and its more recent role overseeing aspects of the cryptocurrency and blockchain industry. He told the American Cotton Shippers Association Annual Convention that considering the agency’s roots in overseeing asset classes that range…
Bitcoin price faces back-to-back tests this week, with May PCE coming out on Thursday at 8:30 a.m. EDT and more than $10 billion in Bitcoin options settling on Deribit at 08:00 UTC Friday in the quarterly expiry that closes the second quarter. Bitcoin is trading near $62,500 after a rough June that briefly pushed it…
In brief Prosus launched ToqanClaw, a no-code AI platform that lets businesses build custom tools through natural language prompts. The company is pitching ToqanClaw as a GDPR-compliant European alternative to AI agents like OpenClaw, with data kept under local control. Prosus says early users have cut reporting times, boosted revenue, and improved operations using the…
This article first appeared on GuruFocus. U.S. stocks fell on Tuesday as investors kept selling technology shares, with the S&P 500 and Nasdaq Composite both under pressure while the Dow Jones Industrial Average held a slight gain. The slide in Alphabet-heavy AI names followed a sharp drop in South Korea’s Kospi, which shook confidence in…
Key Takeaways Nasdaq lost nearly 400 points by 10:48 a.m. as Micron led a June 23 chip selloff. Fed signals kept pressure on artificial intelligence (AI) valuations, with Warsh’s 2026 dot plot at 3.8%. Micron’s June 24 report may test AI memory demand as Iran talks enter 60 days. At 10:48 a.m. Eastern time on…
Chainlink has joined a working group with European and South Korean banking organizations to explore the use of stablecoins for foreign exchange (FX) settlement, underscoring how blockchain technology is increasingly being tested to modernize legacy financial infrastructure. On Tuesday, Chainlink announced Project Pangea alongside South Korean digital asset infrastructure company FairSquareLab, the Unified Korea Alliance…
The House Financial Services Committee has scheduled back-to-back hearings on July 14 and July 17, one covering Federal Reserve monetary policy, the other focused directly on the CLARITY Act. This is giving supporters of comprehensive crypto regulation their highest-profile platform yet as the pre-recess window narrows. As of today, the bill has cleared the Senate…
On June 22, President Donald Trump signed two executive orders that put the federal government’s most sensitive civilian computer systems on a 2031 post-quantum security timetable while launching a national effort to accelerate the development of advanced quantum computers. One order requires federal high-value assets and high-impact systems to adopt post-quantum cryptography for establishing encryption…
In brief Bitcoin fell in sympathy with tech stocks on Tuesday, hitting a two-week low as investors appeared to fixate on expectations of rate hikes. The weakness follows a frenetic rally in tech stocks; however, names attached to the AI boom were set to drag the Nasdaq lower. Hashdex’s Gerry O’Shea pointed to the Clarity…
