Fed Holds Rates Amid Inflation Concerns
The Federal Reserve held interest rates at 4.25%-4.5% to assess inflation risks from Trump’s tariffs, aligning with market expectations. #Update #Economy (+3) →
Crypto News
General category for all types of news related to the cryptocurrency world.
US Uncovers Diversified Energy’s Illegal Mining
@DiversifiedEnergy faces allegations of leaving uncapped wells after halting crypto mining in Pennsylvania, raising environmental concerns. Authorities emphasize regulatory compliance issues. #Update #Legal (-4) ↘
FED CBDC Criticized by Treasury Secretary
US Treasury Secretary Scott Bessent opposes the Federal Reserve creating a Central Bank Digital Currency, calling it a sign of weakness, favoring private sector digital assets. #Update #Crypto (+2) ↘
Crypto Reserve Plan Dropped by UK
The UK Treasury dismisses a national crypto reserve plan, diverging from the U.S., as confirmed by Economic Secretary Emma Reynolds at the Financial Times Digital Asset Summit. #Update #Crypto (+3) →
Coinfest Asia 2025 Bali Hosts Event
Coinfest Asia 2025 in Bali on August 21-22 will gather over 10,000 participants to explore Web3 innovations under the theme “Full Moon.” #Update #Crypto (+4) ↗
Risk Assets Poised for 2022-Style Rally
Arthur Hayes predicts central banks’ money printing could trigger a crypto rally, with $BTC potentially hitting $150K and Bitcoin dominance peaking at 70%. #Update #Crypto $BTC (+4) ↗
Senate Vote on Controversial GENIUS Act
Senate Republicans push for a Thursday vote on the GENIUS Act, despite bipartisan opposition, aiming to establish federal stablecoin regulations. #Update #Legal (+3) ↗
Digital Bank Gains ExFed Vice Chair
Singapore Gulf Bank establishes a global advisory board with ex-Federal Reserve Vice Chair Randal Quarles to enhance strategic expansion as the first fully licensed digital bank in MENA. #Update #Crypto (+3) ↗
Crypto Controversy: Democrats Exit Hearing
House Democrats, led by Rep. Maxine Waters, walked out of a crypto-focused hearing to protest President Trump’s alleged $2.9 billion crypto dealings while in office. #Breaking #Legal (+9) ↗
Crypto Boom Threatened by Congress Warning
Matt Hougan, CIO of @BitwiseInvest, warns that Congress’s inaction on the GENIUS bill could disrupt the anticipated 2025 crypto boom. #Update #Legal $BTC (-3) ↘
Crypto Network Tari Debuts Confidentially
The @Tari blockchain launched its mainnet, offering confidential transactions and easy onboarding, with over 700,000 participants in its airdrop program. #Breaking #Crypto $XTM (+9) ↗
Celsius CEO Mashinsky Seeks Lighter Sentence
Former @CelsiusNetwork CEO Alex Mashinsky seeks a one-year sentence, contesting the DOJ’s 20-year recommendation for fraud related to the platform’s collapse. #Breaking #Legal (-8) ↘
Web3Bounty.io Launches $50M Fund Hunt
A $50M bounty is live on @Web3Bounty_io to trace $456M in misappropriated TrueUSD reserves linked to FDT and Aria. #Breaking #Crypto (+9) ↗
Crypto Rejected: UK Dismisses National Reserve
UK Treasury’s Emma Reynolds rules out a national crypto reserve, opting for collaboration with the US on digital assets and exploring sovereign debt via blockchain. #Update #Crypto (+3) →