In an interview with CoinDesk’s Markets Daily, BitMEX co-founder and Maelstrom CIO Arthur Hayes discusses the impact of the Fed cut, how he sees the crypto markets shaping out this year, and why he’s investing in Bitcoin Ordinals and inscriptions.Source
Market participants were uncertain about the size of rate cut prior to the Fed meeting, laying the groundwork for volatility on the markets.Source
Forget the Federal Reserve. The Bitcoin and crypto project news flow is ample (and fascinating) enough to keep us busy. We’ve got the rundown plus $80M of fundraisings. In CoinDesk’s weekly newsletter on blockchain tech.Source
The U.S. Securities and Exchange Commission was hammered for two hours in a congressional hearing on Wednesday in which the witness list predominantly included agency critics, including former Commissioner Daniel Gallagher, who is now at Robinhood.Source
Google, OpenAI, Microsoft, Meta, and Nvidia currently dominate AI development, including the data that drives it. Blockchain and crypto tech can compensate users, making for more equitable AI networks, says Calanthia Mei, Co-Founder of Masa.Source
WisdomTree is making another push into real-world asset tokenization with the introduction of WisdomTree Connect for businesses and institutions.Source
Companies have invested so much on education with a focus on trading, but have not turned their attention to the portion of the workforce that remains unfamiliar with the technology that will be responsible for creating, facilitating, communicating and operating Web3 products and services, says Kelsey McGuire, cgo, Shardeum.Source
DeFi is poised to create a future where financial services are digital, open, always-on, and borderless, says Bill Barhydt, ceo, Abra.Source
Dragonfly closed its third fund, worth $650 million, in April 2022, shortly before the onset of the crypto bear market.Source
The Fed is likely to cut rates later Wednesday, starting the so-called liquidity easing cycle.Source