SEC clarifies: Some stablecoins (Covered Stablecoins) pegged 1:1 to USD, backed by liquid USD reserves, & used for payments aren't securities. Minting/redemption of these stablecoins doesn't require SEC registration. #stablecoins #crypto #SEC
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Fed Chair Powell: Not rushing to adjust policy. "It is not clear what the appropriate policy is, the Fed will wait and see." Focused on stabilizing the economy, but trade, energy, climate, and immigration are not the Fed's responsibility. Powell intends to complete his term.
#crypto #blockchain #news
Fed Chair Powell: Tariff uncertainty will likely decrease in a year. Good time to let things settle. Ready to act on any outcome. Acknowledges tariffs could raise inflation & slow growth, but says it's "too early" to adjust monetary policy in response.
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Fed Chair Powell says inflation progress has slowed. Headline PCE rose 2.5% and core PCE (excluding food & energy) increased 2.8% for the year ending in February. #federalreserve #inflation
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Powell: Labor market is balanced, not fueling inflation. March unemployment 4.2%, stable since early '23. Job growth averaged 150k/month in Q1. Low layoffs + slowing growth + labor force growth = steady unemployment.
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Powell: Fed Maintains Expectation of Two Rate Cuts in 2025
Federal Reserve Chairman Jerome Powell stated that offsetting factors of weak economic growth and rising inflation will cause the Fed to maintain its expectation of two interest rate cuts in 2025, according to a Jinshi report.
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Federal Reserve Chairman Jerome Powell stated that despite high levels of uncertainty, the U.S. economy remains in a good position. He noted that hard data indicates a slowing but still solid growth outlook and that the labor market appears to be roughly in balance.
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Fed Chair Powell: Trump's tariffs are higher than expected, potentially causing inflation & slower growth. The Fed is committed to stable prices and will monitor the situation closely. (via Jinshi)
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$244M in crypto futures liquidated in 24 hours, per Coinglass. $114M in long positions & $130M in shorts were wiped out, a "double liquidation." Bitcoin saw $86.29M liquidated, Ethereum $50.75M.
#crypto #blockchain #news #BTC #Bitcoin
DWF Labs moved $25M USDC to WLFI, a crypto project linked to the Trump family, per @spotonchain. This follows DWF Labs receiving 1M USD1 tokens from WLFI for market making 10 hours prior. #crypto #DWFLabs #WLFI
#blockchain #news
Former U.S. President Donald Trump has called on Federal Reserve Chairman Jerome Powell to cut interest rates as soon as possible. Trump believes now is the "perfect time" for rate cuts and criticized Powell for "always moving too slowly," urging him to "stop playing politics."
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Klarna reportedly pauses IPO plans after Trump's tariff announcement. The Swedish payment giant was aiming to raise at least $1B in a U.S. IPO, with confidential filings planned for next week. #Klarna #IPO #Trump #Tariffs
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According to Lookonchain, a whale investor has acquired 4,100 ETH at a price of $1,785 per coin, totaling $7.32 million. This whale has been actively accumulating ETH since March 26, purchasing 33,441 ETH at an average price of $1,959, for a total investment of $65.5 million.
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House committees propose 6 principles for digital asset legislation: 1. Foster innovation 2. Clarify asset classifications 3. Regulate new issuance 4. Oversee spot markets/intermediaries 5. Protect customer assets 6. Safeguard decentralized projects. #crypto #regulation
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Ethena Labs Launches USDe and sUSDe on BNB Chain
Ethena Labs has announced the official launch of its USDe and sUSDe stablecoins on the BNB Chain. According to a recent tweet, users can now utilize these Ethena assets for swapping, lending, and savings activities within the BNB Chain ecosystem.
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Standard Chartered analysts predict Bitcoin could rally to $88,500 this week, citing its resilience during the recent market sell-off. They see Bitcoin as a hedge against "U.S. isolation" and a top tech performer. Key $85,000 level could be broken soon.
#crypto #blockchain #news #BTC #Bitcoin
Over 50 Million USDC Burned in USDC Treasury
According to Whale Alert, 50,353,000 USDC tokens have been burned in the USDC Treasury.
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Tether CEO States Company Does Not Need to Go Public
Tether CEO Paolo Ardoino announced via X (formerly Twitter) that Tether has no need to pursue an initial public offering (IPO).
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Sui's Scallop Protocol ranks 4th in lending protocol fees & revenue!💰 Generated $641K in fees & $279K revenue in the last 7 days. 💪 Outperformed many despite a 24-hour pause to mitigate FDUSD risks. #Sui #DeFi #Scallop
#crypto #blockchain #news
US stocks are down, hitting big tech hard. The "Magnificent Seven" index fell 3.1% today, down over 22% YTD. Apple, Nvidia, Meta, Google, Microsoft, Amazon, & Tesla lost ~$1.49T in market cap in the last 2 trading days alone!
#crypto #blockchain #news