Author: Coindesk
“Looking forward, if the economy evolves broadly as expected, policy will move over time toward a more neutral stance. But we are not on any preset course,” Powell said. “The risks are two-sided, and we will continue to make our decisions meeting by meeting.” Read the full article here
“I’m really excited to take on this new mandate and to accelerate our mission of bringing a billion people and a million builders on-chain,” he said on a post on X. “Coinbase Wallet will continue to work across the entire onchain economy, and we’ll start the work of embodying the other Base values in even more ways.” Read the full article here
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September is historically the worst month for the bitcoin price, but it may be about to close its best yet. BTC ended September in the red in eight of the past 11 years. This year, it looks set to close the month up by at least 7%, even with today’s swoon. The bullish month puts bitcoin on a strong footing going into October, which, by contrast, is one of its strongest. Where September has seen an average loss of 3.6% since 2013, October has seen average gains of 23%. Some traders are targeting a run to as high as $70,000…
The latest look, conducted by Harris Poll and paid for by crypto firm Grayscale, shows a steady increase in voters saying they’re taking a candidate’s crypto knowledge and stance seriously when considering who to vote for. Of more than 1,800 likely voters, 77% said presidential candidates should be informed about innovative technology like artificial intelligence and crypto, and 56% said they’re more likely to vote for candidates who are staying on top of crypto as an issue (though their top issues remain inflation, national security and foreign policy). Read the full article here
In traditional finance, when one deposits money into a savings account, one can expect a reliable ROI from providing liquidity to the institution. But banks carry an implicit trust, whether through consumer protections or centuries of experience in managing assets and navigating volatile markets. DeFi platforms don’t have that same degree of investor confidence. Most DEXs, simply put, don’t have the experience to capture value from their liquidity successfully. Read the full article here
Jerry Brito, the founding executive director of the venerable-for-crypto advocacy and research organization Coin Center will step down by the end of the year, he wrote in a post on the group’s website, adding that he’ll be retaining a board seat. Read the full article here
Chintai is a layer-1 blockchain for tokenized real-world assets, with its native token CHEX powering the network. Chintai Network Services Pte Ltd, the network’s ecosystem development firm, is regulated and licensed by the Monetary Authority of Singapore (MAS) to act as a Capital Markets Services provider and a Recognized Market Operator for primary issuance and secondary market trading in digital securities, according to the project’s white paper. The network’s other business unit, Chintai Nexus, is based on the British Virgin Islands and deals in issuing non-security tokens. Kin Capital operates a blockchain-based marketplace for real-estate focused investment funds. Read the…
GraFun, released Friday on BNB Chain, saw over 5,800 tokens created on its first day, generating around $100,000 in fees for the blockchain. One GraFun-originated project, BabyBNB, reached a peak market cap of $132 million a day after issue and was eventually listed on centralized exchanges MEXC and Gate. Read the full article here
Investors tend to focus on monetary policy from the major central banks and Canada, Sweden, and Switzerland have each cut rates three times this year. Lower borrowing costs going forward should boost the price outlook for crypto, says Scott Garliss. Read the full article here