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Stocks Rally as Jerome Powell Suggests Rate Cuts In Jackson Hole Speech
US stocks are rallying today after Fed chair Jerome Powell indicated rate cuts during his speech at the annual Jackson Hole Economic Symposium. Powell Indicates Rate Cuts The address, titled "Monetary Policy and the Fed's Framework Review," highlighted a "challenging... -
US CFTC Launches Next Stage of ‘Crypto Sprint,’ Public Consultation Open on Trading Guidelines
On August 21, the U.S. Commodity Futures Trading Commission (CFTC) launched the second phase of its crypto sprint, shifting its focus to direct engagement with stakeholders. As part of this effort, the agency is inviting crypto market participants to share... -
Coinbase CEO Brian Armstrong Predicts Bitcoin Could Reach $1 Million by 2030
On August 20, Coinbase CEO Brian Armstrong predicted Bitcoin to hit the $1 million mark by 2030. He joins a growing list of high-profile investors and industry leaders who believe Bitcoin will see explosive growth before the end of this... -
Fed Official Advocates for Letting Staff Own Bitcoin
On August 19, Federal Reserve Vice Chair for Supervision Michelle Bowman advocated for relaxing the central bank’s prohibition on staff ownership of cryptocurrencies. She contended that such a policy change would catalyze a broader debate on the institution's approach to... -
US Treasury Requests Public Input on GENIUS Act Stablecoin Bill
On August 18, the US Treasury Department opened a public comment period regarding the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The law, signed by President Donald Trump in July, aims to shape how... -
Tesla Reportedly Slashed Monthly Lease Fee in the UK Amid Tepid Sales
Tesla (NYSE: TSLA) has reportedly slashed the monthly lease fee in the UK as its sales in the country have plummeted. The Times reported that Tesla is offering up to a 40% discount to car leasing companies in the UK... -
Metaplanet Boosts Bitcoin Reserves with 775 BTC Purchase
On August 18, Metaplanet increased its Bitcoin holdings with the new purchase of 775 BTC valued at approximately $93 million. The acquisition raises the company’s total reserves to 18,888 BTC. $2.18 Billion Spent on Bitcoin Stash According to a recent... -
South Africa Launches Regulatory Framework to Secure Cross-Border Crypto Transfers
During recent discussions in the Standing Committee on Finance, South Africa’s Finance Minister Enoch Godongwana outlined the government’s plans to introduce a new regulatory framework for cross-border cryptocurrency transfers. The move comes as the South African Reserve Bank (SARB) works... -
US Treasury’s Scott Bessent Says Strategic Bitcoin Reserve Will Rely on Budget-Neutral Acquisitions
On August 14, US Treasury Secretary Scott Bessent clarified his department’s stance on the nation’s strategic Bitcoin holdings, walking back earlier remarks that had sparked a sell-off. Despite the temporary market reaction, former President Donald Trump’s ambition to establish the... -
Trump-Linked Thumzup Media Lands $50M Funding and Coinbase Alliance for XRP Treasury Expansion
On August 13, Thumzup Media, a social marketing company partly owned by Donald Trump Jr., revealed it had secured $50 million at $10 per share in fresh funding, while also expanding its partnership with Coinbase. Trump’s Family Continues Expansion into...
