Key Indicators Challenge Fed’s ‘Normalization’ Rate Cut That Torched Bitcoin Rally
The post-Fed risk-on rally supports the normalization narrative, but some indicators disagree, suggesting caution to bulls.Source
Bitcoin ETF Demand Grows Among U.S. Investors as China Considers Massive $142B Capital Injection
Data from SoSoValue shows that the total daily net inflow cracked $100 million for the second day in a row for the BTC ETFs amid global monetary easing. PLUS: Worldcoin is up double digits as World ID expands to more countries.Source
Singapore Court Grants WazirX Four-Month Conditional Moratorium
A Singapore court has granted Indian cryptocurrency exchange WazirX a four month moratorium based on certain conditions on Thursday, an industry source told CoinDesk.Source
PayPal Enables U.S. Business Accounts to Buy, Hold and Sell Crypto
The service won’t be available to New York state in the beginning.Source
The Protocol: When Trump Bought Red-Meat Bitcoin Burgers, He Called It ‘Crypto’
Republican U.S. presidential candidate Donald Trump won chits from the Bitcoin community for reportedly purchasing smash burgers at a Bitcoin-friendly New York pub. But in a way, the whole episode was about damage control.Source
Former Government Employees, Compliance Officers Rally for Detained Binance Executive
A handful of former prosecutors and compliance professionals staged a protest in front of the United Nations General Assembly Wednesday.Source
Stablecoins Will Drive Institutional Adoption in Asia: Chainalysis CEO
Stablecoins will drive institutional adoption in Asia, “even if regulators are not happy with it,” Chainalysis co-founder and CEO Michael Gronager said in an interview.Source
Bitcoin Pushes Past $64K as Monetary Ease Expectations Grow
Traders Tuesday pushed expectations of a second consecutive 50 basis point rate Fed rate to 60%.Source
Ex-Alameda Research CEO Caroline Ellison Sentenced to Two Years in Prison for Her Role in FTX Fraud
Caroline Ellison was sentenced Tuesday afternoon.Source