Bitcoin Bets Surge on Powell’s Tie
Myriad traders bet on Jerome Powell wearing a purple tie at the September FOMC, highlighting symbolism in prediction markets. #Update #Finance
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Myriad traders bet on Jerome Powell wearing a purple tie at the September FOMC, highlighting symbolism in prediction markets. #Update #Finance
Bitcoin whales moved over 2,000 $BTC as institutional demand remains strong despite potential Fed rate cuts. Whale activity signals possible selling intentions. #Update #Crypto $BTC
The U.S. Treasury’s OFAC sanctioned two Iranians and firms in Hong Kong and UAE for using crypto to fund IRGC-QF and MODAFL, disrupting Iran’s shadow banking. #Breaking #Legal
Quantexa launches a cloud-based AML solution for U.S. mid-size banks to combat crypto crime, following stablecoin legislation expected to boost competition. #Update #Crypto
Layer 1 tokens like $BNB and $XRP lead gains ahead of the FOMC meeting, driven by coin-specific developments and investor interest. #Update #Crypto $BNB
Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven by U.S. ETFs, with $BTC demand outpacing supply. #Update #Crypto $BTC
Federal Reserve expected to cut interest rates; $BTC rises 5% this week but may not surge post-announcement. Traders eye Jerome Powell’s comments for further market direction. #Update #Crypto $BTC
@Chiliz acquires 51% of OG Esports; $OG token hits all-time high, up nearly 9% post-announcement. Chiliz plans new benefits for token holders. #Update #Crypto $OG
Google DeepMind warns of emerging AI agent economies disrupting markets, risking systemic crashes and inequality; proactive design urged. #Update #AI
Bitwise files for an Avalanche ETF using Coinbase for custody, as Dogecoin and XRP ETFs are expected soon. $AVAX rises over 6% to $30. Crypto $AVAX
SharpLink repurchased 1 million shares of SBET at $16.67 each, totaling 1.93 million shares and $32 million spent from its $1.5 billion buyback program; ETH holdings increased modestly. #Update #Crypto
Coinbase’s @Base is exploring a network token, potentially valued at $8B-$10B upon launch, with no timeline yet. #Update #Crypto
Helius Medical Technologies raises $500M for Solana treasury, stock rises 141%; Solana trades at $233, up 60% in three months. #Update #Crypto $SOL
The Fellowship PAC, a new super PAC, claims over $100M to support pro-Trump candidates and advance crypto policy, despite lacking reported contributions or expenditures. #Update #Crypto