Fed


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The Fed Pivot is Finally Here

Last week, the Fed cut its federal funds target rate by 50 bps to 5.00% p.a. (upper limit) which could have strong implications for the crypto community, says Andre Dragosh, head of research Europe, Bitwise.

(Peggy Sue Zinn/Unsplash)

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Ether ETFs Saw Biggest Outflows Since July

Ether ETFs saw their largest net outflows since July, with over $79 million exiting on Monday. The outflows come mostly from Grayscale’s Ethereum Trust, which bled over $80 million according to data from SoSoValue. The outflows came despite the recent rally in ether and the broader crypto market following the Fed rate cut, a sign of waning institutional demand for the world’s second-largest token. CoinDesk's Christine Lee presents the "Chart of the Day."

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Cat-Themed Memecoins Soar; India Supreme Court's YouTube Hacked to Promote XRP

"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as cat-themed tokens saw gains after the U.S. Federal Reserve cut rates by 50 basis points. Plus, the YouTube page of India’s Supreme Court was hacked to promote XRP, and SocGen's crypto unit will roll out its euro stablecoin on the Solana blockchain.

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How the Fed's Rate Cut Sparks Crypto Rally and Unveils Hidden Risks

CoinDesk's Jennifer Sanasis dives into the Federal Reserve's recent 50 basis point rate cut and its impact on the crypto market, including a positive reaction from bitcoin and other major cryptocurrencies. Plus, what experts are saying about the central bank's decision. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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Markets

Ether Rebounds Off Key Support Signals Long Term Bullishness

Ether holds critical support level as macro factors loom over crypto market

Rebound tennis ball. (Unsplash)

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Arthur Hayes: Is the Fed's Rate Hike a Recipe for Financial Turmoil?

BitMEX co-founder and Maelstrom CIO Arthur Hayes shares his insights on whether a Fed funds rate cut of 25 or 50 basis points could lead to a financial catastrophe or a short-term rally. Plus, he weighs in on the potential ramifications of government spending, inflation, and the reliance on fiat currency systems across major economies. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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Fed Rate Cut Could Crash Crypto Markets, but Era of Central Banks Is Over: Arthur Hayes

A rate cut could add to inflation and strengthen the Japanese yen, crashing markets, Hayes explained.

Arthur Hayes at Korea Blockchain Week 2023. (Factblock)

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Macro Impact on Crypto: Fed, China and Global Liquidity

Lyn Alden Investment Strategy founder and Analyst Lyn Alden joins CoinDesk with her analysis on how macroeconomic factors like the Fed interest rate cut, China's economic influence and global liquidity are shifting the crypto market. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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Markets

Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations

"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex

The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)

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Chances of 50 Basis Point Fed Rate Cut Next Week Jump to 47%

The odds for the U.S. Federal Reserve to cut its benchmark fed funds rate by 50 basis points are on the rise, according to CME FedWatch. This comes after an article from the Wall Street Journal’s Nick Timiraos, nicknamed "Nikileaks" for his excellent sources inside the Fed, suggested that the size of the rate cut was still up for debate. CoinDesk's Benjamin Schiller presents the "Chart of the Day."

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