⚡️ Fed cuts key interest rate by 25bps

Fed median projection shows 50bps more rate cuts in 2025. The Fed expects 50bps more of rate cuts this year.

🔜 Today's Fed decision is a perfect case study. Why? Read our post

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🔖🔖🔖🔖 to $114,932

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📣 Powell's press conference key statements:

• No widespread support for 50bps cut today.
• Don't feel need to move quickly on rates.
• Could think of today's cut as a risk management cut.
• Don't know that quarter point cut will make a huge difference.
• Markets are pricing in a rate path, though not blessing that path.

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🪙 Golden Donald Trump statue holding Bitcoin appears outside the US Capitol on Fed rate cut day

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❕ Democrats are investigating Trump crypto advisor David Sacks over a possible SGE* violation

* — Special Government Employees (like Sacks) are only allowed to serve for 130 days.

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🔥 BitGo crypto exchange wins BaFIN* nod to offer regulated crypto trading in EU

* — Germany’s Federal Financial Supervisory Authority.

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📣 Coinbase CEO says he was in DC, working to get market structure legislation passed for crypto

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⚡️ BDACS announced the official launch of KRW1, a first South Korean won-backed stablecoin on Avalanche

🔄 Earlier: Tests.

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🔥 DBS and Franklin Templeton to launch trading and lending solutions powered by tokenised money market funds and Ripple's RLUSD stablecoin

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📣 New York regulators push banks to adopt blockchain analytics

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⭐️ SEC approved generic listing standards for crypto ETFs, cutting the need for case-by-case approvals by directly approving exchanges

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🔥 Kraken and Circle partner to accelerate global access to USDC and EURC

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💎 Vitalik Buterin pushes back after weeks of staking queue FUD

Ethereum co-founder defended his blockchain’s 45-day exit queue after Galaxy Digital’s head of digital called it “troubling”, sparking backlash.

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❕ David Sacks denies overstaying his 130-day limit

🔄 Earlier: Possible SGE violation.

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⚡️ BC Card* filed a patent for a core technology enabling stablecoin payments

* — One of South Korea’s leading credit card issuers.

🔄 Earlier: Won-backed stablecoin.

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🔥 Nubank* has announced plans to pilot dollar-backed stablecoin payments through credit cards

* — Latin America’s largest digital bank.

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🔝 Decrypt: Avalanche and Hyperliquid lead crypto rally post-Fed rate cut

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⚡️ Kyrgyzstan appointed Virelint Group LLC as the new service provider to manage its stablecoin

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🔝 BNB hits new ATH

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📣 Bitwise CEO says the next major crypto narrative will be the emergence of credit markets

🔜 Full prediction

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📣 CZ commented on BNB ATH: "This is just the beginning. To the next 10000x together!"

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