Innovate NY, a self-described “pro-digital assets” political organization funded with about $100,000 ahead of the New York City mayoral election, has backed independent candidate and former state Governor Andrew Cuomo. In a Tuesday notice, Innovate NY endorsed Cuomo for mayor, the race for which is already in the middle of early voting. The political group … Read more
The Federal Reserve Open Market Committee (FOMC) announced a 25 basis point interest rate cut on Wednesday, bringing the target Federal Funds rate down to 3.75%-4%. Wednesday’s rate cut was “fully priced in” by investors, who widely anticipated the decision, according to Matt Mena, a market analyst at investment company 21Shares. Mena also forecast: “November … Read more
Former Binance CEO Changpeng “CZ” Zhao is reportedly considering filing a libel suit against Massachusetts Senator Elizabeth Warren over claims related to him allegedly bribing US President Donald Trump for a pardon. According to a Tuesday New York Post report, Zhao’s lawyer, Teresa Goody Guillén, a partner at Baker & Hostetler, said the former Binance … Read more
Some members of Solana’s Chinese community have reportedly expressed concerns that attendees were denied entry to a blockchain event as the country continues its crackdown on digital assets. According to a Wednesday report from the South China Morning Post, the Solana Accelerate APAC series event being held in Shenzhen on Tuesday was cut short amid … Read more
Key points: Bitcoin’s sell-off accelerated after the Federal Reserve cut rates by 25 basis points. Weakness in crypto shows traders are looking at macroeconomic headwinds like a weakening jobs market and inflation, despite believing that interest rate cuts will continue into 2026. Bitcoin (BTC) price tumbled to $109,200 ahead of Wednesday’s US Federal Reserve decision … Read more
Michael Saylor, the co-founder of Strategy, the biggest Bitcoin (BTC) treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025. “I think that these 12 months have probably been the best 12 months in the history of the industry,” Saylor told CNBC at the Money 20/20 conference in Las Vegas … Read more
At Money 20/20 in Las Vegas, Michael Saylor gave a familiar, bullish sentiment for Bitcoin, predicting it could hit $150,000 by the end of 2025 and potentially reach $1 million within the next four to eight years. Speaking to CNBC, Saylor outlined both the industry-wide shifts in digital assets and the evolving investment products his … Read more
Key points: Bitcoin’s failure to rise above $118,000 may have attracted profit-booking by short-term traders, resulting in a drop toward $107,000. Several major altcoins turned down from their overhead resistance levels, signaling that the bears remain sellers on rallies. Bitcoin (BTC) bulls are attempting to sustain the price above $111,000, but the bears have continued … Read more
For years, investors have argued that money printing would weaken fiat currencies and push scarce assets, such as Bitcoin (BTC), dramatically higher. That view, once dismissed as niche, has now entered the mainstream in a big way. In a new interview with Cointelegraph, hedge fund manager and macro expert James Lavish broke down the growing … Read more
Cryptocurrency asset manager Grayscale Investments has launched its staking-enabled Solana spot exchange-traded fund (ETF), expanding institutional access to Solana exposure. According to a Wednesday announcement, the Grayscale Solana Trust ETF began trading under the GSOL ticker on the New York Stock Exchange Arca platform. The product includes staking functionality, allowing investors to earn rewards through … Read more